Spanish Gaming Group Codere Could Be Put Up for Sale for €2.3B
Friday 27 de March 2026 / 12:00
⏱ 1 min read
(Madrid).- Spanish betting group Codere has hired Jefferies and Macquarie Capital to advise on its imminent sale, which could exceed €2 billion ($2.32 billion), according to Spanish newspaper Expansión.
According to Spanish newspaper Expansión, citing several market sources familiar with the deal, the process is still at an early stage, with indicative offers expected by mid-May, binding offers by early July, and the goal of closing the transaction before the Northern Hemisphere summer holidays in August.
Neither Codere nor Jefferies immediately responded to Reuters’ requests for comment. Macquarie declined to comment.
Codere, Spain’s second-largest gaming and leisure group after Cirsa, has been owned by around 84 investment funds since a 2024 debt-for-equity swap that stripped control from the founding Martínez Sampedro family.
Davidson Kempner is the largest shareholder, with a 13.3% stake, ahead of Palmerston Capital, Deltroit, System 2 Capital, and Invesco.
Founded in 1980, Codere operates in regulated markets in Spain, Italy, Argentina, Mexico, Panama, Colombia, and Uruguay, across both land-based and online gaming.
Potential bidders could include both industrial and financial investors, although some private equity firms face restrictions related to ESG criteria when investing in the gambling sector, which could limit the number of interested parties, Expansión noted.
The report also stated that the deal would include Codere Online, the group’s digital unit listed on Nasdaq.
Categoría:Others
Tags: CODERE,
País: Spain
Región: EMEA
Event
SiGMA North America 2026
01 de September 2026
LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America
(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.
Monday 28 Sep 2026 / 12:00
SiGMA North America Addressed Crisis Management in iGaming
(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.
Friday 25 Sep 2026 / 12:00
Affiliates and Acquisition: Keys to Regulated Markets in North America
(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.
Thursday 24 Sep 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
