March 10, 2020 / 6:17 AM / 22 days ago

BRIEF-Codere Informs About Impact Of Coronavirus "Red Zone" Extension On Its Italian Business

March 10 (Reuters) - Codere:

* SAID ON MONDAY IN LIGHT OF THE RECENT DEVELOPMENTS IN ITALY, FOLLOWING THE PRIME MINISTER’S DECREE FROM MARCH 8 TO EXTEND THE CORONAVIRUS “RED ZONE”, ITS 11 BINGO HALLS IN THE COUNTRY WILL REMAIN CLOSED UNTIL APRIL 3

* ITS SLOT ROUTE OPERATION WILL BE AFFECTED BY THE RESTRICTIONS TO OPENING HOUR FOR BARS, WHICH WILL NOW BE OPEN FROM 6:00 AM TO 6:00 PM (VERSUS NO LIMITATIONS BEFORE)

* AS OF DECEMBER 31, 2019, CODERE OPERATED SLOTS ACROSS 2,198 BARS IN ITALY

* IN 2019, ITALY GENERATED 343 MILLION EUROS OF REVENUES (25% OF THE GROUP CONSOLIDATED FIGURE) AND 21 MILLION EUROS OF ADJUSTED EBITDA (8% OF THE GROUP CONSOLIDATED FIGURE)

Source text: bit.ly/2vc0k8A

Further company coverage: (Gdansk Newsroom)

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