Hard Rock teams up with Spain-based Codere to build gaming properties in Mexico
The Spanish gaming group Codere has entered into a joint venture deal with Hard Rock International, under which both companies will develop new gaming facilities within Mexico.
Codere will act as the minority partner in the development of the Hard Rock complex, maintaining 40% of equity. Hard Rock will hold the remaining 60% and will be responsible for securing financing for the project.
As reported by El Confidencial, as part of the deal, the Florida-based leisure and entertainment giant will build its second guitar-shaped hotel within Mexico City. The first one is located in Fort Lauderdale, Florida and is set to open its doors on October 24. The firm's $1 billion expansion project doubled the size of the casino, creating a new Hard Rock Live venue and add a 36-floor hotel.
The Mexico City ’48- storey complex’ will house a gaming floor and sportsbook property serviced by Codere. The total investment has been valued in $1 billion.
Just a week ago, Codere shares were affected by the economic crisis in Argentina, one of the group’s main markets after the results of the primary elections in that country.
Soft2Bet launches CampoBet.dk in Denmark, expanding its reach in the Nordics
Churchill Downs posts record net revenue of $590.9 million in Q1
Play'n GO reflects on companywide environmental efforts for Earth Day 2024
Uplatform partners with Tom Horn Gaming to offer its gaming content through Casino Aggregator
SOFTSWISS introduces newly appointed LatAm Non-Executive Director Rubens Barrichello at SiGMA Americas
Allwyn partners with MADIC UK to integrate National Lottery into next-gen EPOS solution
Kambi revenue reaches $46.2M in Q1, in line with company expectations
Italian Gaming Expo & Conference successfully wraps up inaugural edition in Rome
First day of BiS SiGMA Americas 2024 surprises with exhibition size, industry optimism
BiS SiGMA Americas opens in São Paulo and expects to welcome 10,000+ visitors, 230 exhibitors
