Codere to renovate casino in Uruguay
Earlier this month, the Montevideo Town Council awarded the contract to renovate the Casino Carrasco Hotel to Carrasco Nobile, a consortium led by Codere along with other international investors.
"The 30-year concession signifies for Codere the responsibility of rebuilding this property, one of the city’s landmarks, and of opening for business the Sofitel Montevideo Casino Carrasco and Spa, a luxury hotel destined to become a tourism benchmark for the region with a top-level casino and entertainment offer on an international scale," said the company’s Carmen Ferrero Perdiguero.
"The estimated investment totals $60m and the renovation of the Casino Carrasco is expected to take up to 20 months to complete."
Bally Tech enjoys revenue growth
Bally Technologies recorded revenue of $210m and $405m for the three months and six months ended December 31, 2011, respectively.
Etches to lead Responsible Gambling Trust
Marc Etches has been appointed as chief executive of the Responsible Gambling Trust, the new charitable organisation that will be formed out of the merger of the Responsible Gambling Fund and The GREaT Foundation.
Codere seeking to fund Mexican gaming acquisition
The Spanish Codere Group is seeking to raise funds through the issue of senior notes worth $300m.
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