It was not an easy year in general worldwide, and the gaming industry was obviously hit hard as well. But within that panorama, Uruguay managed to handle the spread of the coronavirus and the effects of the pandemic much better than other neighboring countries. And that was reflected in an early return of various commercial activities, always respecting safety and hygiene protocols.
In the case of Codere, which operates the Maroñas National Racetrack, Las Piedras Racetrack, Hotel Casino Carrasco, six gaming halls and 27 betting locations, the company informed that since reopening on August 6, it has experienced “rapid recovery of activity levels.”
“In October we reached about 80% of the level of activity of 2019 adjusted for year-on-year inflation. The payments of the General Directorate of Casinos have continued without interruptions beyond the request made by the company to review the latest price readjustments of the leasing contracts made, which if received, even partially, would further improve the liquidity situation of the company,” Codere explained.
Source: GMB
