This is about the Royal Yak casino located in the city of Culiacán.
Mexico.- A devastating fire completely destroyed the Royal Yak casino, of the group Codere, located in the Plaza Cinépolis of Culiacán, Sinaloa. The incident forced the evacuation of the establishment and resulted in two injuries.
The fire is believed to have started in a children's play area adjacent to the casino. According to Roy Navarrete, director of Civil Protection, the fire was caused by a short circuit detected at the site, although investigations are still ongoing to determine the exact cause. The National Guard activated the DN-III-E Plan to assist the population and support the emergency services, in order to mitigate risks to the citizens.
See also: Operation in Mexico: more than 130 illegal machines destroyed in Tonalá
It is worth noting that the casino Royal Yak belongs to Codere, a company that operates a network of 87 casinos nationwide, with more than 40 years of experience and presence in countries such as Spain, Italy, Argentina, Mexico, Panama, Colombia, and Uruguay.
Codere remains mired in a difficult financial situation. The rating agency Moody’s Ratings has decided to withdraw the corporate ratings (CFR) 'Caa2' and the default probability rating (PDR) 'Caa2-PD' from the Spanish-origin company. The measure, which also affects the 'Caa2' rating of the senior secured bonds due in 2028 issued by Codere Finance 2 (Luxembourg), is due to the lack of sufficient information to maintain these ratings.
