Codere explores $2.3 billion sale to expand gaming empire globally

A landmark deal looms as Codere weighs bids for its sprawling empire. Who will seize control of its prized markets by August?

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2026 May 3 . 11:01 AM

1 min read

The image shows an old book with a red stamp on it, which reads "Al Rey Investro Senor, Por la... — The image shows an old book with a red stamp on it, which reads "Al Rey Investro Senor, Por la Provincia de la Compania de la Nueva España en Satisfaction".

Codere explores $2.3 billion sale to expand gaming empire globally

Gambling group Codere is exploring a sale that could value the company at up to $2.3 billion. The potential deal would include its online division, Codere Online, and grant the buyer access to key markets across Latin America and Europe. Financial advisors have already been brought in to guide the process. The sale remains in its early stages, with formal bids expected by mid-May. Interested parties could include gaming operators and financial investors, though some restrictions may limit the pool of buyers. A binding offer might arrive as soon as June, with a final agreement possible by late August.

Acquiring Codere would give the new owner a major presence in Spain’s gaming entertainment sector. The deal would also open doors to markets where Codere currently operates, such as Argentina, Colombia, Italy, Mexico, Panama, and Uruguay. Macquarie Group has been appointed to advise on the potential transaction. The company’s online gambling arm, Codere Online, is publicly traded and would form part of the sale. This division adds to the appeal for buyers looking to expand their digital gaming footprint.

If completed, the deal would mark one of the largest transactions in the gaming industry this year. The buyer would take over a well-established brand with operations spanning multiple continents. Final terms and timelines will depend on the bids received in the coming weeks.