The battle between Grupo Codere investors and the enterprise founding Sampedro family intensifies as former Group President and Chief Executive Jose Antonio Sampedro refuses to sign-off the firm’s 2018 accounts. The embattled Bolsa Madrid gambling group, sees itself caught in the middle of boardroom feud between the Sampedro family who maintain 19% of the company’s shareholding and Codere’s multiple US …
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Spanish business news sources have reported that the governance of embattled Bolsa Madrid gambling group Codere SA, are reviewing all financing options as the company embarks on a ‘three-year corporate transformation plan’. Closing 2018, a year in which Codere was branded as the Madrid exchange’s ‘biggest bleeder’, seeing its share price collapse from January’s €9.50 to €2.40 for its December …
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Spanish gaming operator Codere has been unveiled as the NBA’s first official games partner in Mexico. The partnership will be promoted in retail stores across the country, on the website platform of Codere and the NBA, including NBA.com, the NBA app, and social media platforms for NBA Mexico. Angel Fernandez, Director of Marketing at Codere, commented on the new partnership: …
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Athens-listed gambling and lottery systems provider INTRALOT SA has this morning confirmed the appointment of Fernando Ors Villarejo as new President of Sports Betting at INTRALOT Inc – the firm’s North American division. A twenty-year industry veteran, Villarejo joins INTRALOT’s US executive from Bolsa Madrid gambling firm Grupo Codere, where he led new market initiatives as joint Chief Development and …
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Multi-channel racing content and data services provider Sports Information Services (SIS) enhances its live betting channels, adding Codere Latin American racing content to its program. Updating stakeholders, SIS has agreed a three-year partnership with Bolsa Madrid gambling firm Grupo Codere SA, which will see it act as lead ‘live pictures and data distributor’ of Codere LATAM syndicated racing properties. Detailing …
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European business analysts are monitoring the movements of Bolsa Madrid gambling firm Grupo Codere SA closely, as the embattled company faces multiple obstacles in its corporate recovery. Following the publication of its Q3 2018 trading update (13 Nov) in which the company posted year-to-date net losses of €55 million, Codere has witnessed its share price collapse from €6.20 to €2.85 …
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Embattled Spanish gambling group Codere SA is reported to be reviewing its financial structures, seeking to increase its operating presence within Malta, as corporate governance moves to lessen the firm’s fiscal liabilities. The Bolsa-Madrid enterprise seeks to replicate the operating structure of many European gambling counterparts, maintaining its management headquarters in Madrid, whilst migrating certain operational departments to Malta. At …
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Bolsa Madrid-listed gambling operator Grupo Codere SA cannot escape the Argentine Peso collapse as the company records continued declines across its 2018 corporate metrics and KPIs. The reality of 100% Argentine Peso decline against the Euro, has seen Codere undertake a number of adjustments within its biggest operating market. Publishing its Q3 2018 trading update, Codere reports a group net …
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Spanish business news sources report that the Sampedro Family, the enterprise founders of Grupo Codere have filed a US lawsuit against the firm’s private equity debt-holders, claiming unfair dismissal and non-representation from the firm’s corporate governance structures. The filing is led by former Codere President Jose Antonio Martinez Sampedro and brother Luis Javier (former Vice President), seeking to annul Codere …
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Gambling technology and systems provider Novomatic Group has confirmed the appointment of Felipe Ludeña as International Sports Betting Director. Ludeña joins Novomatic senior management team, from Bolsa Madrid gambling firm Grupo Codere, where he served in a number of executive positions, leading Codere’s new market initiatives for LATAM regions and further heading up the Spanish operator’s digital transformation projects. Novomatic has tasked …
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