Codere has hired Jefferies and Macquarie to advise on a possible sale, Spanish media reported, with the company reportedly considering a transaction in the coming weeks. The reported target value is €2bn; Codere has also said it is reviewing strategic options, including a sale or a return to the Madrid Bolsa.
A possible sale could change ownership of Codere and its Codere Online business.
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Morgan Stanley said Italy may extend its current retail gaming concession system to 2027 or 2028, according to the report. The bank cited the short timetable for reform and said the market could become more concentrated as future concessions bring higher costs and compliance requirements. Its model assumed auction bids would be 10% above initially expected levels for each lot.
Reportedly, the Junta de Castilla y León is holding the 19th Castilla y León Gambling Congress in Soria on 20 and 21 October. Representatives of CIRSA, Orenes, Codere, Cocamatic and Unidesa are due to take part alongside regional officials, with panels on the future of land-based games and gambling companies. Investigative journalist Javier Chicote is scheduled to speak on courts and current political and economic affairs.
Analysts at J.P. Morgan and Jefferies discussed investor interest in gaming stocks, while Macquarie reviewed BetMGM’s third-quarter update, according to the report. Macquarie cited BetMGM net revenue of $710 million, up 7% year over year, and EBITDA of $86 million, more than double the prior-year figure. BetMGM reiterated its FY26 guidance, including revenue of $2.9bn-$3.1bn and EBITDA of $300m-$350m.
Conmebol used virtual advertising overlays during a Copa Sudamericana match in Buenos Aires on 13 October to replace betting brands in broadcasts shown in Brazil. Brazilian viewers saw institutional messages and other Conmebol sponsors instead of Bwin branding, while the source reports that the Boca Juniors shirt still displayed Betsson. Conmebol is expected to use the technology for Libertadores and Copa Sudamericana matches in Brazil.
Jefferies analyst David Katz said Boyd Gaming was reportedly considering a partnership with Bally’s for the former Tropicana Las Vegas site. The companies had not commented, and Katz said the project appeared unlikely for Boyd given its scale and risk profile. Other analyst notes cited positive second-quarter results across gaming companies, with regional and online firms averaging beats of 1% and 3%.