Tag Archives: codere

Spanish gambling group Grupo Codere has announced the launch of its new platform for its online sportsbook and casino verticals, hosted under its Codere.es brand. The platform launch has been additionally supported by a new fully responsive website launched last week. Optimising its sportsbook offering Codere.es will feature more in-play betting markets, faster website loading times and better user functionality …

The recovery of embattled Spanish gambling operator Grupo Codere (Codere) has been gravely impacted by the depreciation of South/Latin American currencies against the € currency. Presenting its H1 2016 results (period ending 30 June), Codere who restructured its €1,1 billion debt under UK High Courts in January would record group operating losses of €7.8 million (H1 2015: €65 million). Despite …

Embattled Spanish gambling operator Grupo Codere has been issued a lawsuit by ‘former Codere shareholders’ regarding its April share capital disbursement which saw the controlling Martinez Sampedro family reduce its corporate equity to 2%. The share dilution which aimed to raise + €450 million in capital in order to ease the company’s + €1 billion debt with existing creditors is …

Embattled Spanish gambling operator Grupo Codere SA (Codere) has issued a new share capital increase valued at circa €494 million (£400 million). Executing its share issue with Spain’s National Securities Market, Codere will approximately release 2.47 billion shares at a value of € 0.20c (per share). Codere’s share distribution will be primarily used to offset its current + €1 billion …

New client growth in the US, UK and Europe has helped Stockholm listed igaming content provider NetEnt AB post a FY 2015 revenue increase of SEK 1.1 billion (£910 million) up 34% on FY 2014’s SEK 850 million. Publishing its year-end 2015 performance (period January – December 2015), NetEnt governance recorded corporate earnings of SEK 401 million (£33 million) with …

UK High Court Judge Guy Newey has granted Spanish distressed gambling operator Grupo Codere SA the right to secure its €1.2 billion (£850 million) debt restructure utilising London market policy. Following a preliminary hearing, Newey ruled that Codere’s debt restructure was viable under London jurisdiction, despite its previous bonds having been issued in New York and the operator having no …

Updating the market, embattled Spanish gambling operator Grupo Codere has reduced its corporate losses to €74 million for its nine month 2015 performance. The gambling operator shortens its losses from the €135 million reported for its Q1-Q3 2014 performance. Group Q3 2015 losses were reported at €25 million. The operator reported a 21% revenue increase to €1.2 billion up 21% …