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Codere America COO Steps Down

Vicente Di Loreto retired from his position as chief operating officer of Codere America, after more than seven years with the company.

An Argentina native with an MBA and postgraduate training at Harvard Business School and MIT, he joined Codere in 2004 as CEO of Codere’s Argentinian operation, which became the company’s most important after the acquisition of Grupo Royal in 2005. After leading that merger, Di Loreto became the COO for the company’s Latin American operations, which include 35,000 slot machines, 175 gaming halls, 120 betting locations and three racetracks located across Mexico, Panama, Colombia, Brazil, Uruguay and Argentina. Di Loreto is credited with fostering both the company’s regional expansion and consolidation into a leading position in the markets where it operates.

Di Loreto said he decided to move into a more entrepreneurial direction after 25 years of a successful corporate career working in a variety of leadership positions for leading companies in the entertainment, media and food industries.