San Diego, CA (PRWEB) July 20, 2010
Grupo Caliente, owner of eight companies with gaming licenses in Mexico, signed with Codere Mexico an agreement granting participation in three of its eight companies and at the same time obtaining participation in two of Codere’s Mexico companies. The validity of the agreement will come into effect once approved by Mexican government authorities.
Codere will have then obtained 67.3% participation of two controlling entities from three of the eight Caliente’s licensed companies. Caliente will have then obtained 32.7% participation from an entity owned by Codere which controls two licensed companies.
Further, Caliente will retain 100% controlling interest of its 5 remaining licensed, operating companies.
The agreement includes the maintenance of the Caliente Brand. The terms will come into effect with governmental approval.
The Caliente Group is one of Mexico’s largest gaming operations, offering a wide range of products and entertainment choices including live greyhound racing from its signature location at the Caliente Racetrack in Tijuana, Mexico. Additionally, the Caliente Group operates a network of simulcast thoroughbred racing OTB parlors, Vegas-style sports book centers, bingo halls and electronic gaming casinos.
The Caliente Group captures downloaded thoroughbred and greyhound racing signals from its simulcast partners (mostly in the U.S.) and then uploads them to rebroadcast over a very large satellite footprint that includes all of Mexico, Central and South America along with portions of Western Europe.
Caliente’s Race & Sports Book OTB locations have shown robust growth, now numbering over 174 in Mexico with more Caliente locations operating in the following countries: Austria, Brazil, Ecuador, Panama, Paraguay, Peru, Uruguay, Venezuela and The Caribbean.
The full card racing programs from over 50 tracks are carried annually by Caliente. Those tracks include the major players in the thoroughbred world such as Santa Anita, Churchill Downs along with the NYRA tracks, California, Florida and Texas tracks. Additionally, there are broadcast agreements with tracks in the UK, Australia, Panama and Uruguay among others.
The Caliente book operation also features betting on major sports throughout its network of Race & Sports Book OTB locations. Sports signals and betting opportunities that are carried by Caliente include all of the major sports events in the U.S. – football, basketball, baseball and hockey – plus soccer from around the world along with auto racing, boxing, jai alai and other one-off special events.
The company’s heritage dates all the way back to 1916 coming from the Agua Caliente Race Track, featured in the famous motion picture, Seabiscuit. Drawing from its extensive technological and labor infrastructure, Caliente provides race and sports book signals, tote and operational services to its vast Latin American and Western European network. Live greyhound racing is staged every day of the year at the Caliente racetrack. Bingo-based electronic games and traditional bingo halls are distributed among the most important cities in Mexico.
Caliente recently unveiled a $26 million upgrade to its existing Tijuana – based racetrack, renaming it the Caliente Casino. The new casino features live racing, race and sports books, gaming halls, slot machines, Texas Hold ‘em tables along with shopping, and entertainment. Covering 228,000 square feet, the Caliente Casino is now the largest casino in Mexico.
Caliente, a Mexican Corporation, is the biggest gaming operation in Mexico, employing over 7000 people.