Spanish gaming operator Codere has relocated its online gaming operations to Melilla, becoming the first major company to set up in the autonomous city since the roll out of tax reforms designed to turn the enclave into a major iGaming hub.
Melilla’s vice president and economy advisor Daniel Conesa confirmed the news that Codere’s online betting division Codere Apuestas has been transferred to the city.
Codere’s move comes as the Madrid-listed operator searches for funding to fuel growth plans and reduce debt. The group’s headquarters will remain in Alcobendas, outside Madrid.
The Spanish enclaves of Ceuta and Melilla, located on the northern shores of Morocco’s Mediterranean coast, offer a tax rate of 10 per cent of gross gaming revenue, 50 per cent less than mainland Spain.
This article was first published by our Spanish-language site GIEspañol.com on January 21st.