On March 13, Spanish gaming company Codere secured a €20 million (US$21.6 million) loan with debt terms set for maturity in 2025.
Codere said the loan would help to safeguard business continuity for its Mexican assets and added that access to “additional liquidity” is essential in protecting its Mexican business prospects.
According to SBC News, Codere has been facing “multiple economic headwinds” in Argentina, its leading operating territory, and as a result has focused on Mexican for growth.
Codere currently operates 95 arcades and 90 retail betting points in the country and will serve as minority partner to U.S. gaming group Hard Rock International on a $1 billion Mexico City casino resort.
