Leading Spanish gaming concern Codere has combined five of its Mexican subsidiaries into one company.
The gaming operations of subsidiaries Complejos Turísticos Huatulco, Números de México, Femalamex and Compañía de Inversiones Mexicanas will now all be merged with the fifth subsidiary, Codere Mexico, which will keep its name.
Altogether, the five companies produced revenue close to $615 million as of October 31. Almost half of that was generated by the original Codere Mexico.
The new company operates 19,575 slots and 102 bingo halls.
Mexico is the largest market of Codere in number of machines, and supplied 22 percent of the Spain-based parent’s revenue in the first nine months of 2008.