Tag Archives: argentina

Codere narrows 2015 losses to €113 million

A restructured Grupo Codere SA (Codere) has detailed that it has cut its 2015 group net losses to €113 million (£88 million), down 34.6% on FY 2014’s €173 million (£135 million). The embattled Spanish gambling operator detailed that it had increased its group revenues to €1.64 billion up 18% on FY 2014’s €1.38 billion. Outlining positive impacts, Codere governance stated …

Read More »

SBTech expands in South America with PLE & Spingol

  Industry sports betting software supplier SBTech has signed exclusive agreements to provide two of Latin America’s biggest regulated operators with their award-winning omni-channel sports betting solution. The first will see Promotora Latinoamericana de Entretenimiento (PLE) equipped with the supplier’s innovative retail products through its Mexican licence. Founded in 2005, PLE runs sports betting facilities in land-based casinos, restaurants, bars, …

Read More »

Codere continues its struggle with €136 million net income loss

Embattled Spanish casino and sports betting operator Grupo Codere increased its net income losses in the first nine months of 2014 by 36% €136 million (2013 – €93 million). The losses suffered by the operator were driven by increased costs in its debt restructure and its settlement with Italy’s Court of Auditors. In its latest financial report Codere senior management …

Read More »

Argentina to review its gambling framework

Argentina’s Asociación de Loterías, Quinielas y Casinos Estatales de Argentina (ALEA), the country’s governing body for gambling and sports betting regulatory matters, is set to prepare the federal framework for legalised statewide gambling and sports betting. The Argentine government who requested ALEA to review current legal policies with regards to online gambling,  are said to want to bring more clarity to …

Read More »

50,000 bettingexpert.com users predict quarter final exit for England

England will make it through the Group Stages during this World Cup, but are likely to come a cropper against Brazil in the quarter-finals, according to one of the world’s biggest network of betting experts. Using data from more than 50,000 betting predictions, bettingexpert.com estimates that Italy will win Group D, with England narrowly pipping Uruguay to second place. England …

Read More »