News INTERNATIONAL UPDATE Colombia’s royal connection
Spanish gaming giant Codere is seeking to build the largest casino location in Colombia
With renewed belief in the Columbia gaming sector, Spanish-operator Codere Group is to build a new US$10m venue in Bogota to be called Casino Royal.
President of Codere Colombia, Diego Navarro Reyes confirmed that the operators is to change its focus from being an operator of small slot halls to exclusive gaming halls. Codere’s confidence in Columbia has been boosted by a promise to crackdown on untaxed operators by government.
Codere calculates that around US$ 139.9m is generated by illegal operators who do not currently pay tax on games such as slots, table games and bingo halls. This, it says, could be allocated to the new health sector, if it controls it properly.
Diego Navarro Reyes said: “We see this as a measure that helps builds confidence in investors, because, with previous regulations and the increment in taxes, we have thought about redefining Codere’s operations in the country. They are the biggest of our company at an international level.”
According to the Ministry of Economy, taxation in the sector will have a technical nature and a structure that promotes development, innovation and professionalism. Mr. Navarro added that it would benefit investors, and increase taxes for the health sector, due to a growth in income of the business. “It gave us confidence and we wish to maximise our investments as a result, because the government gave a new focus to the regulatory entity, based in other international entities”, explained Mr. Navarro.
Since it began business in Colombia in 1984, Codere has been the leading slot machine operator in the country, a position it retains to date. It currently operates over 6,200 gaming machines, 51 gaming halls in a total of 130 municipal districts throughout the country. Codere has operated the Cali Gran Casino since 1999 whilst in 2009, after an important redesign, it became the operator of the biggest casino in Colombia, now called CrowN Casino Cali. This year also it has opened the CrowN Casino Palatino in Bogota.
June 2012 PAGE 18
LA SOCIETÀ THUNDERBIRD RESORTS prevede un'espansione di P563m per la costruzione di un hotel e casinò all'interno della zona Poro Point Freeport, nelle Filippine, nel tentativo di sviluppare l'offer- ta turistica nella parte nord di Luzon.
L’OPERATORE SPAGNOLO CODERE Group prevede la costruzione di un nuovo locale da $10 milioni a Bogotà, sotto il nome di Casino Royal. Il presidente di Codere Colombia, Diego Navarro Reyes, ha confermato che la società cambierà la propria strategia, da gestore di piccoli locali a gestore di grandi sale da gioco esclusive. La fiducia della Codere in Colombia è stata incoraggiata dalla promessa del governo di prendere misure restrittive nei confronti degli operatori ille- gali.
Operational income last year reached US$ 40.3m, representing a 10.7 per cent increase compared to 2010. The market share of the company last year reached 11 per cent.
“We see this as a measure that helps
builds confidence in investors.”
DIEGO NAVARRO REYES, President Codere Colombia.
Last year US$9m was allocated to casino openings, improving existing gambling venues and the development of exclusive gambling halls in popular sectors. For this year, investment will reach US$ 10.5m with new projects for popular sectors, under the Fantasía Royal slot brand and exclusive projects under the Crown Casinos branding such as the casino in Bogata, which aims to be the largest in Columbia.
Codere install Mexico’s first cloud-based system
International Game Technology has installed the first cloud- based gaming systems solution in Latin America, at Codere’s Gonzalitos Gaming Hall in Mexico. Codere's Gonzalitos Gaming Hall is the largest implementation of a cloud- based systems solution, with five-times more machines than the next largest deployment being powered by the IGT Cloud based solution. The size of this particular cloud deployment, when compared to any other location, shows the scalability of IGT's Cloud based systems solution.
Felipe Ludena, Codere’s CIO, said: “The IGT Cloud is an exciting new way for us to deliver additional enhanced experiences to our clients. IGT Cloud gives us analytical insight to our business as well as the ability to take action on
that insight by providing the right content to the right players at the right time.”
Chris Satchell, IGT CTO, said: “We are excited that Codere has partnered with us. As they continue to pave the way for the future of gaming in Latin America, they will be able to deliver differentiated and enhanced gaming experiences to their players, while maximizing the return on their investment.”
This deployment enables Codere to make data driven adjustments to the mix of available themes and optimize the placement of games on their floor. The data driven approach offered by IGT Cloud will enable them to optimise their floor by making timely decisions based upon player behaviour.
IL CONSIGLIO DI AMMINISTRAZIONE della IGT ha dichiarato di sostenere all'u- nanimità il direttore generale Patti Hart, in seguito alla rivelazione che quest'ultima ha falsificato le proprie qualifiche davanti al consiglio di amministrazione della Yahoo. Il presidente dell'azienda, Philip Satre, ha dichiarato che IGT non ha trova- to incongruenze nelle qualifiche della Hart, e ha aggiunto che l'azienda “sostiene senza riserve la politica ges- tionale da lei intrapresa.”
LA SOCIETÀ JCM GLOBAL HA annuncia- to l'acquisizione del 49% dell'azienda Nanoptix. Questo accordo prevede la col- laborazione tra JCM e Nanoptix per l'offer- ta di validatori di banconote e stampanti. “Il nostro investimento iniziale ha avuto successo e siamo orgogliosi di investire nel futuro con questa acquisizione,” ha detto Aki Isoi, il presidente della JCM Global.
IL GRUPPO PRIVATO GALA CORAL HA confermato la futura vendita dei propri casinò all'azienda inglese Rank, che gestisce sale da bingo e casinò, per 205 milioni di sterline. Questa transazione farà dell'azienda Rank il più importante gestore di casinò in Gran Bretagna. Comprenderà l'acquisto di 23 casinò nel Regno Unito e di tre ulteriori licenze.
L’AZIENDA LEADER AMERICANAMGM ha dichiarato di voler costruire un casinò a Toronto, affermando di voler trasportare nella città canadese un locale prestigioso e eccitante stile Las Vegas.
SONO STATI ACCANTONATI DEI progetti che prevedevano la costruzione di un casino/resort da $ 1 miliardi a Foxborough, in seguito alle elezioni comu- nali del mese scorso, che hanno visto la vittoria di due candidati contrari al casinò. Quest'annuncio del gruppo Kraft e del- l’azienda Wynn Resorts è stato fatto il giorno seguente le elezioni di Foxboro, in cui gli elettori hanno eletto due candidati contrari all'apertura di trattative con Steve Wynn.
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