Sports betting is an activity which can be offered at a variety of locations, either at specific premises or tied to other gaming, such as casinos, bingo halls, sports facilities, bars and restaurants, etc.
These betting facilities are equipped with the most efficient and innovative technology, to guarantee clients optimum transparency and reliability.
CODERE commenced its sports betting business in Mexico in 1998, associated with the bingo activity it operated together with its local partners. Mexico is the core market of CODERE in the betting business, with 46 facilities.
In the Panama and Uruguay markets, betting facilities are tied to the operation of the Presidente Remón and Maroñas racetracks.
In 2008, CODERE, together with its partner William Hill, became the first authorized company to start up sports betting operations in Spain under the trademark VICTORIA, operating in the only two autonomous communities regulating sports betting: Madrid and the Basque Country. A new market has opened in Spain and CODERE is already prepared to become the leading company in sports betting in this country.
To date, CODERE has focused its sports betting activity in Brazil, Spain, Mexico, Panama and Uruguay, with a total of 160 shops as at June 30 2009.