Tag Archives: codere

Codere SA has notified investors that Francesco Quacquarelli has been appointed as Chief Security Officer of the Spain and LatAm markets gambling group. The position has been authorised by new Chief Executive Gonzaga Higuero, who leads Codere’s ‘2024-to-2027’ corporate recovery strategy to return the heritage Spanish gambling group back to shareholder profits. An expert in developing and securing IT systems …

Codere Online has expanded its sponsorship agreement as the official betting partner of the Monterrey Rayados Football Club. The extended agreement – which originally began in 2021 – will see the operator’s logo remain on the Mexican football team’s kit and other club platforms.  Alberto Telias, Codere Online CMO, stated: “We are happy and proud to extend our relationship with …

The Supreme Court of Justice in Mexico has been compelled to intervene in the tax dispute between the gambling group Codere SA and SHCP, Mexico’s Ministry of Finance and Public Funds. The dispute arises from the SHCP’s demand that Codere, a Spanish gambling group, should pay taxes and surcharges for the year 2008, which the Ministry estimates to be MEX …

The Supreme Court of Justice in Mexico has been compelled to intervene in the tax dispute between the gambling group Codere SA and SHCP, Mexico’s Ministry of Finance and Public Funds. The dispute arises from the SHCP’s demand that Codere, a Spanish gambling group, should pay taxes and surcharges for the year 2008, which the Ministry estimates to be MEX …

Grupo Codere SA has appointed PKF Attest to serve as the principal auditor of the gambling group in the Spanish and South American markets. The Spanish unit of PKF Attest will replace EY, which in 2023 severed ties with Codere, ending its seven-year tenure as an independent auditor, having overseen audits on consecutive debt refinances needed to maintain Codere’s embattled …

Grupo Codere continues its senior management reorganisation by appointing Agustin Gonzalez as new Director of Technology and Digitalisation of the Spanish and LatAm gambling group. Working directly with new Chief Executive Gonzaga Higuero, Gonzalez will spearhead the omni-channel digitisation projects for Codere across all core markets. Branded a ‘seasoned tech strategist and transformation expert’, Gonzalez joins Codere’s executive team having …

Grupo Codere SA cites that its business has been negatively impacted by the “temporary closures by public authorities due to alleged noncompliance with certain regulations in both Mexico and Argentina”. Publishing its Q2 trading update, the Spanish and Latin America-focused gambling group booked a net loss of €164m due to ‘impairment provisions’ needed to consolidate its performance in Mexico and …

Codere SA has made its latest senior hire, appointing Sonia Carabante as Corporate Director of Commercial Strategy and Business Projects. Carabante will report directly to Group CEO Gonzaga Higuero, and has been tasked with executing commercial and efficiency strategy projects while driving group growth. Other areas of focus include transformation as Codere continues to consolidate its international position, as well …

Grupo Codere continues the restructuring of its executive leadership team, announcing the appointment of Luis Villalba as its new Chief Financial Officer (CFO). The appointment sees Villalba replace the incumbent CFO, Óscar Fernández de Llano, who resigned from Codere’s leadership team during H1 proceedings. A 25-year executive in financial management, Villalba joins Codere from food and olive oil exporter Deoleo …

The board of Grupo Codere has informed investors that its plans to initiate additional liquidity financing of €100m have been temporarily postponed. The decision has been approved by Codere bondholders, who in April permitted corporate governance to pursue new financing options seeking €100m to assist Codere units in overcoming short-term financial pressures due to rising operating costs. Consequently, bondholders will …