Five Subsidiaries of Gambling Company Codere in BankruptcyFive subsidiaries of Codere, which operates 11 casinos in Panama, have declared bankruptcy a month after their holding company did so.Monday, February 10, 2014
Five subsidiaries of the Codere gambling chain have declared bankruptcy a month after the parent company announced it was facing serious financial problems which prevented it from honoring its debts. The Panamanian subsidiary continues to operate normally. Source: Prensa.com ¿Busca soluciones de inteligencia comercial para su empresa?Codere Panama In Good Financial HealthJanuary 2014 The Gaming Control Board has reported that the bookmaker maintains the liquidity and reserve levels required to operate in the country. Codere Gambling Company Defaults on its DebtJanuary 2014 The Spanish company that manages 19 betting centers in Panama has announced that it has no ability to pay the $40 million owed to its creditors. Gambling Company Operating in Panama Files for BankruptcyJanuary 2014 The Spanish based company operates in Panama 11 casinos, 6 sports betting centers, and the President Remon Racetrack.
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