Tag Archives: codere

The plunging Argentine Peso has impacted the performance of Bolsa Madrid gambling firm Grupo Codere, which has reported exchange rate losses of €22.5 million, publishing its 2018 interim results (period ending 30 June). Updating investors, Codere governance details that corporate performance has had to adjust to Argentina’s ongoing monetary crisis, which has seen the ARG Peso decline almost 50% against …

Spanish gambling operator Grupo Codere has entered a strategic joint-venture with independent arcade operator Grupo Henares, to launch new gaming hall enterprise ‘BetSlotS’. The joint-venture partnership will see Codere launch eleven new Madrid-based gaming halls operated by Grupo Henares. Launching the enterprise within Madrid’s community, Codere and Grupo Henares detailed that the BetSlotS joint-venture would target a new/fresh clientele to …

Mexican gambling operator Corporación Caliente, a subsidiary of Grupo Codere España has announced that it will upgrade its entire sports betting provisions utilising Playtech BGT systems and terminals. Agreeing on new terms, Caliente, Mexico’s leading gambling enterprise, will move to launch Playtech BGT Self-Service Betting Terminals (SSBTs) across its estates and premises. Playtech has acted as lead casino systems supplier …

Bolsa Madrid, Spanish gambling operator Grupo Codere has confirmed the appointment of Moshe Edree as Chief Operations Officer (COO) for its Digital Gaming division. A 15-year gambling technology executive, Edree will be tasked with developing Codere’s digital vision, as the gambling group seeks to further expand within Spain and build-out its initial digital properties for the markets of Mexico and …

Steep South American currency declines against the US dollar, having impacted Bolsa Madrid gambling firm Grupo Codere’s Q1 2018 performance. Publishing its Q1 2018 trading update (period ending 31 March), Codere reveals a corporate revenue and earnings decline, despite growth in its home market of Spain. Group operating revenues, declined by 5.5% to €383 million (Q1 2017: €405 million), as …

Madrid’s Commercial Court has rejected the appeal put forward by the Sampedro family, seeking to overturn the appointment of a new executive leadership team at Grupo Codere. The appeal was sanctioned by former Codere CEO & Co-Founder José Antonio Martínez Sampedro, who was accompanied by Luis Javier Martínez Sampedro (former GM of Codere Americas) in seeking to annul the decision …

Spanish gambling operator Grupo Codere has confirmed the appointment of Juan Bautista Ordóñez as its first Argentina Chief Executive Officer. A seasoned South American commercial executive, Bautista Ordóñez joins Codere’s executive team from Canadian multi-national mining firm Barrick Gold Corporation, where he formerly served as Managing Director of Argentina. Taking leadership of ‘Codere Argentina’, Bautista Ordóñez will be tasked with …

Spanish gambling operator Grupo Codere has published its 2017 full-year results, reporting metric growth across its group assets and KPIs. The refinanced Spanish legacy gambling operator, reports a 6% increase in corporate revenues to €1.6 billion (FY 2016: €1.55 billion). Operating under its restructured corporate recovery plan, Codere reports a 2017 group EBITDA of €246 million, up 26% on corresponding …

Spanish gambling firm, Grupo Codere has announced that it has surpassed +2,500 betting points operating within its home market of Spain. During the first two months of 2018, Codere has strategically expanded its retail presence in the regions of Andalucía and the Balearic Islands. The Balearic and Andalusian expansions support Codere’s 2017 dedicated betting shop openings in Madrid and Castilla …