In Spain and the founding family behind local gaming operator Codere SA is reportedly demanding that a pair of American investors be required to pay at least €900 million ($1.09 billion) for its large stake in the Madrid-headquartered firm. According to a Thursday report from SBCNews, the Madrid-listed entity was established by Jose Antonio Martinez Sampedro in the 1980s and is today responsible for land-based and online gaming operations in Spain, Mexico, Argentina, Italy, Uruguay, Colombia and Panama. However, the […]

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Equity and bond investment managers Jupiter Fund Management and Invesco Asset Management are reportedly preparing to take over control of Codere SA as part of a deal to restructure the Spanish online and land-based gaming heavyweight’s debt. According to a Friday report from the Bloomberg news service, the arrangement with a group of creditors that includes Davidson Kempner Capital Management and PGIM Limited will see approximately €350 million ($422.6 million) in liabilities held by the Madrid-headquartered gaming giant converted into […]

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