{"id":8975,"date":"2025-04-16T07:20:20","date_gmt":"2025-04-16T07:20:20","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/04\/16\/codere-buys-majority-stake-in-italian-gaming-firm-codgames\/"},"modified":"2025-04-16T07:20:20","modified_gmt":"2025-04-16T07:20:20","slug":"codere-buys-majority-stake-in-italian-gaming-firm-codgames","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/04\/16\/codere-buys-majority-stake-in-italian-gaming-firm-codgames\/","title":{"rendered":"Codere Buys Majority Stake in Italian Gaming Firm Codgames"},"content":{"rendered":"<div>\n<p>Codere Group has expanded its presence in the Italian gaming sector by acquiring a majority stake in Codgames, a company focused on video lottery terminal (VLT) and amusement with prizes (AWP) machines. The 70% stake was purchased through Codere\u2019s local unit, Operbingo Italia, while the remaining 30% stays with the Manna family, who founded Codgames.<\/p>\n<hr>\n<p><strong><em>Good to know<\/em><\/strong><\/p>\n<ul>\n<li><strong><em>Codere now controls 70% of Codgames through Operbingo Italia.<\/em><\/strong><\/li>\n<li><strong><em>Codgames runs over 600 machines in Calabria, a key region in southern Italy.<\/em><\/strong><\/li>\n<li><strong><em>Codere reduced its corporate debt from \u20ac1.4 billion to \u20ac190 million last year.<\/em><\/strong><\/li>\n<\/ul>\n<hr>\n<p>Codgames operates more than 600 machines in the Calabria region, which gives Codere a stronger foothold in southern Italy. Financial details of the deal have not been shared publicly.<\/p>\n<p>Alejandro Pascual, regional manager for Codere Europe and COO of its Italian division, called the acquisition an important move in the group\u2019s Italian growth strategy.<\/p>\n<p><em>\u201cThis acquisition represents an important step in our territorial expansion plan in Italy,\u201d<\/em> Pascual said.<em> \u201cCodgames embodies the values \u200b\u200bwe seek in our partners: professionalism, local roots and commitment to the development of the sector.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>He added that the partnership is expected to open new opportunities and deepen Codere\u2019s long-term plans in the market.<\/p>\n<p>Armando Manna, representing the founding family, said the partnership with Codere will help Codgames move forward with its own goals.<\/p>\n<p><em>\u201cWe are proud to join a group like Codere,\u201d<\/em> Manna said. <em>\u201cThey have demonstrated not only solid experience and reliability, but also a deep respect for local operators. We are confident that this collaboration will allow us to successfully face future challenges and continue adding value to our community.\u201d<\/em><\/p>\n<p>Codere\u2019s involvement in Italy stretches back more than 20 years across both digital and physical gambling operations. The new move aligns with Codere\u2019s broader strategy, announced last year, to focus more on growth in Europe and Latin America. That strategy followed a major recapitalisation effort, during which Codere cut its corporate debt from \u20ac1.4 billion (about $1.5 billion) to \u20ac190 million (around $204 million).<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/codere-buys-majority-stake-in-italian-gaming-firm-codgames\/\">Codere Buys Majority Stake in Italian Gaming Firm Codgames<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Codere Group has expanded its presence in the Italian gaming sector by acquiring a majority stake in Codgames, a company focused on video lottery terminal (VLT) and amusement with prizes (AWP) machines. The 70% stake was purchased through Codere\u2019s local unit, Operbingo Italia, while the remaining 30% stays with the Manna family, who founded Codgames. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8975","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8975"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8975\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}