The Mexican gaming market is bracing for a sharp regulatory about-face. This comes in the form of an increased tax on games of chance in 2026. Yet, the management of Codere Online looks ahead to the potential for a healthier competitive environment.
The insight came from Oscar Iglesias. He has served as CFO of Codere Online and will soon join its Board of Directors. He also previously addressed investors.
Even though the effects of the tax reform are hard to estimate, Iglesias emphasized that Codere expects the post-reform competitive landscape to be more favorable. He said increased regulatory pressure is likely to discourage non-compliant operators. His comments also show that the company expects licensed, established firms to strengthen.
Reports say Mexico’s Chamber of Deputies and Senate have approved a new government bill revising the Special Tax on Production and Services Law (IEPS). This update marks one of the largest fiscal changes for the sector in recent years. It raises the current 30% tax on gambling activities to 50%.
Codere continues to navigate the shift strategically, despite the change increasing operational costs. The company also sees an upside due to Mexico hosting the 2026 FIFA World Cup. This major event is expected to boost entertainment demand, player acquisition, and overall activity in the gaming and betting sector.
Iglesias says that Codere is already working on measures to soften the effect of the tax increase. The company has met with technology providers and media partners to review contracts, explore cost-sharing, and optimize spending. These discussions are part of Codere’s broader goal of achieving financial stability. They also help the company adjust its operating model to the new fiscal regime.
