Tag Archives: argentina

Nueva Codere to match pre-pandemic 2019 results

SBC News Nueva Codere to match pre-pandemic 2019 results

Nueva Codere has outlined that its restructured business is on course to surpass its  2019 pre-pandemic revenue and earnings results.  Publishing a Q2 trading update, Nueva Codere achieved corporate revenues of €317m, headline results which mirror an 8% increase on 2021 comparatives and 91% of revenues registered prior to the COVID-19 pandemic. A statement by management read: “An upward trend …

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Codere Online lauds MEX performance ahead of Argentine debut 

SBC News Codere Online lauds MEX performance ahead of Argentine debut 

Codere Online has cited progress on its LatAm market initiatives, led by the acceleration of its Mexican market presence.  Completing its second quarter on the US Nadaq, Codere Online has registered Q2 net gaming revenues (NGR) of €29m, up 41% on comparative 2021 results of €21m. Headline growth was attributed to its Mexican unit recording a period NGR of €12m, …

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Codere to move to front of shirt in enhanced River Plate deal

SBC News Codere to move to front of shirt in enhanced River Plate deal

Codere has enhanced its partnership with Club Atlético River Plate as it now falls in the ‘main sponsor’ category of the Argentinian football team. The deal sees the multinational company, active in the gaming sectors in Europe and Latin America, secure front of shirt branding on River Plate’s official game and training jerseys. Carlos Sabanza, Head of Sponsorships at Codere, …

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Codere Online launches first Buenos Aires marketing campaign

SBC News Codere Online launches first Buenos Aires marketing campaign

Codere Online has launched  ‘The Next Big Move Is Yours’, its first marketing campaign targeting players of  Buenos Aires new online gambling regime Promoting its sports betting and online casino offering in the City of Buenos Aires, the campaign will begin broadcasting throughout the rest of the year and will promote six spots related to Codere’s gaming products. Developed by …

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Intralot narrows Q1 losses as group reorganisation improves balance sheet results  

SBC News Intralot narrows Q1 losses as group reorganisation improves balance sheet results  

Intralot SPA continues its recovery momentum into 2022 trading as its core business units and global divisions maintain growth benefitting from the group’s capital restructuring programme. Publishing its Q1 trading update (period ending 31 March), the Athens-listed gambling technology group registered corporate revenues of €415m – up 20% on corresponding 2021 results of €345m. The €70m increase in consolidated revenues …

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BetWarrior seals ground breaking sponsorship of AFA football

SBC News BetWarrior seals ground breaking sponsorship of AFA football

BetWarrior has announced its biggest sponsorship commitment to date, becoming the ‘Official Sponsor’ of the Argentine Football Association (AFA).  Agreeing on a four-year deal, BetWarrior will serve as the principal partner of Argentina XI National Teams, the AFA Cup and national tournaments. The AFA announced that the sponsorship would mark its debut in the upcoming friendly between the Argentina Men’s …

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Approval of Debit Card use divides Buenos Aires on Safer Gambling duties

SBC News Approval of Debit Card use divides Buenos Aires on Safer Gambling duties

The government of the Province of Buenos Aires has authorized the use of electronic payments, leading to casinos now being able to accept debit card use. As a response, different groups argued that this approval could lead to problem gambling issues. Through a new measure from the Provincial Institute of Lotteries and Casinos (IPLyC), the regulator of Argentina’s biggest jurisdiction …

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Intralot returns to black as Kokkalis transformation bears fruit 

SBC News Intralot returns to black as Kokkalis transformation bears fruit 

Intralot SA has branded 2021 as a breakthrough year for its business, as the Athens-listed gambling technology group accomplished its structural reorganizational directive, that secured financial benefits beyond previous expectations.  Publishing its full-year 2021 financial report, Intralot declared a group underlying EBITDA of €110 million up 67% on comparative FY2020’s results of €66 million. Group earnings were bolstered by a …

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bet365 launches in Buenos Aires under dual city and provinces licence 

SBC News bet365 launches in Buenos Aires under dual city and provinces licence 

bet365 has laid a further marker for its ongoing South American expansion, as this week sees the official launch of its dedicated online gambling domain in Buenos Aires – www.bet365.bet.ar.  The UK’s leading online bookmaker has secured dual BA licenses  granted by the Provincial Institute of Lottery and Casinos (IPLyC) and city regulator Loteria de la Ciudad (LOTBA). As a …

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Kambi clears Q4 peak comparatives to deliver 93% FY profit growth 

SBC News Kambi clears Q4 peak comparatives to deliver 93% FY profit growth 

Kambi Group Plc has praised its diverse market make-up for  helping the sportsbook systems provider maintain year-on-year growth, irrespective of pandemic circumstances impacting its commercial pipeline.  Publishing its Q4 trading update, Kambi registered corporate revenues of €35 million, down 26% on corresponding 2020 results of €47 million. Q4 trading was matched against record-breaking 2020 comparatives for sportsbook clients. Performance was …

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