Codere Panama In Good Financial HealthThe Gaming Control Board has reported that the bookmaker maintains the liquidity and reserve levels required to operate in the country.Friday, January 17, 2014
Officials from the Gaming Control Board (JCJ by its initials in Spanish) visited the offices of the gaming operator in Panama, after revelations that its parent company in Spain was facing serious financial problems preventing it from paying its debts. Source: Prensa.com ¿Busca soluciones de inteligencia comercial para su empresa?Five Subsidiaries of Gambling Company Codere in BankruptcyFebruary 2014 Five subsidiaries of Codere, which operates 11 casinos in Panama, have declared bankruptcy a month after their holding company did so. 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. Bets in Panama increase 8.6%January 2009 Bets in the gambling industry totaled $1.03 billion in 2008.
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