Codere acquires 70% of Codgames, expanding operations into southern Italy

Codere Group, through its Italian arm Operbingo Italia, has just sealed the deal to acquire 70% of Codgames, a company that runs over 600 amusement with prizes (AWP) and video lottery terminals (VLT) in Calabria. The Manna family, who founded Codgames, will keep hold of the remaining 30%.

According to a translated statement from the Spanish online sports betting and casino operator, the move is a big step forward in its long-term growth plan for the Italian market, where it’s been active for over two decades. Bringing Codgames into the fold is expected to boost Codere’s operational footprint and marks its first big push into Calabria, a southern region seen as full of growth potential.