This is the first deal for Evolution in the Panama market.
Codere Online and Evolution already have a number of existing agreements, which cover Europe and other Latin American countries such as Argentina, Colombia and Mexico.
“We are proud of our long and successful partnership with Codere Online in multiple jurisdictions and delighted to have Codere Online as the first operator of our games in Panama,” said Mónica Umaña, head of operations, LatAm at Evolution. “The Latin American market is a very important for Evolution Group and this is another major expansion of our presence in this region.”
Panama’s Gaming Control Board has already certified an initial group of Evolution’s games. More are expected to be approved in the coming months.
“We are very excited to bring players in Panama the best experience in online casino and slot games, whether that be live games that replicate the excitement of a visit to a land-based casino or innovative online slots with engaging themes and stunning graphics and gameplay,” said Salo Leder, regional manager for Codere Online in Latin America.
Last month, Codere Online reported a 73% quarter-on-quarter increase in losses in its third quarter results.