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

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