Codere SA has signed a joint-venture agreement with Hard Rock International, Inc. to develop new gaming properties within Mexico. The joint-venture will begin with Codere and Hard Rock establishing a new tourist complex valued at USD 1 billion, which will see the US leisure and entertainment group develop its second guitar-shaped hotel within Mexico City. Following the transaction, Codere will act as the minority partner in the development of the Hard Rock complex, maintaining 40% of equity.