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Spain’s Codere says it will pay $38-40 million for 63 percent stake in Panama casinos

Friday, July 23, 2010


Spanish gambling group Codere said it would pay $38-$40 million for the 63 percent stake it holds in six casinos in Panama from Thunderbird Resorts.
 
Codere said it still awaits the authorization of the Panamanian fair- trading authorities. The request was submitted in March.
 
The casinos are operating now under the Fiesta Casino brand, Codere said.
 
Original source (in Spanish): Reuters and Dow Jones