Betslots CR-COD forms new gaming-hall subsidiary in Spain
Business2 min read
Betslots CR-COD established Salcres Salones SL on 12 November, with the parent holding all of its shares, according to the Spanish commercial register. An analysis of the move points to possible venue separation or a future asset sale, but no establishments have been identified as linked to the new subsidiary.
Betslots CR-COD wholly owns Salcres Salones SL, a new subsidiary registered in Spain on 12 November 2026, according to an analysis of Spanish commercial register filings. The purpose of the subsidiary has not been established.
Salcres has €3,000 in initial capital and is based at Avenida de Bruselas 26 in Alcobendas. Its joint administrators are Emilio Miranda Fontes and Federico Crespo Iglesias.
The analysis identified separating existing gaming halls or preparing establishments for a possible sale among the potential purposes for Salcres. It also considered internal reorganisation, operating future gaming halls or a transaction followed by the subsidiary's reintegration into Betslots CR-COD. No establishments have been identified as linked to Salcres, and no register evidence directly connects its creation to a sale. The subsidiary's creation does not establish that there are opening projects, authorisation applications or committed investments.
Codere previously used a similar subsidiary to separate a Madrid gaming hall before absorbing the company back into its parent. The creation of Salones Codecres Máquinas SL, wholly owned by Betslots CR-COD, was published on 3 July 2024. On 24 January 2025, the commercial register published an agreement transferring the activity at the hall at Calle Marcelo Usera 85 in Madrid to that subsidiary. The transfer included the establishment's rights and obligations as an independent economic unit.
Salones Codecres Máquinas increased its capital from €3,000 to €37,700 after the activity was separated. Its absorption by Betslots CR-COD was published on 4 September 2025, following an agreement on 25 August. The subsidiary was dissolved and all its assets transferred to the parent. The register announcements examined did not state the reasons for the sequence.
The funds that own Codere were reported on 3 November to be considering options for the group's future, including separating businesses by geography or activity.