Codere buy out William Hill’s 50% stake

By Joseph Miller

It has recently been revealed that Codere have bought out William Hill’s 50% stake from the Victoria business. The move, which took place on 20th January, saw the company buy out at a nominal sum of €1.William Hill put the deal down to the slow rate of granting local regulatory consents. It claimed that changes in other departments had not been as readily available as expected.


New statistics published by Codere reveal revenues worth of €2.5 million for Victoria Apiestas Codere is known for its betting shops and casinos in addition to its slot machines and well reputed race tracks. This week saw the company report new heights in the value of its shares with each now worth €7.80. The business was mostly conducted from sites based in Madrid and Basque areas with some 118 sites in total in operation.

Meanwhile, gaming companies have published new figures indicating significant gains. William Hill, one of the UK’s leading bookmakers is renowned for its sports betting services and online casino network. William Hill shares have risen by 3.39% and with each share currently worth 196 pence. Other leading names such as Playtech were also the centre of attention. Playtech has already made inroads into the Spanish casino market and many were expecting to see the software provider make a bid for Codere. A spokesperson for Playtech confirmed that the company has no plans in such direction. Shukri Barak noted Playtech’s commitment to remaining a “pure software supplier” with “no intention” of entering negotiations. Many will be watching to see how the future of Codere unfolds.