Tag Archives: codere

Codere enters Colombia’s newly regulated online betting market

Spanish gambling operator Grupo Codere will expand its South American market presence, confirming the launch of its new Colombian online sports betting property Codere.com.co. Codere becomes the fifth operator to secure a new online gambling license by Colombia’s regulatory body Colijuegos. The group further becomes, only the second international operator to enter Colombia’s new regulated market, following Gaming1’s October approval …

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Mexican growth leads Codere corporate recovery

Refinanced Spanish gambling firm Grupo Codere continues its strong corporate recovery, as the company reports KPI and metric growth for its Q3 2017 trading update (period ending 30 September). Primarily driven by growth in its Spanish and Mexican divisions, Codere would record Q3 2017 group operating profits of €401 million up 3% on corresponding 2016’s €390 million. Despite facing adverse currency …

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Codere sets up new ‘corporate development unit’ led by Oscar Iglesias

Updating the market, Spanish gambling operator Grupo Codere (Codere) has confirmed the executive appointment of Oscar Iglesias as its new Director of Group Corporate Development. The restructured gambling firm has established a new corporate development unit, which will be led by Iglesias in order to assist ongoing corporate growth projects combined with Codere’s aggressive international expansion strategy. Reporting directly to …

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Mexico & Argentina expansions bear fruit for Codere this H1 2017

Presenting its H1 2017 interim results, restructured Spanish gambling operator Grupo Codere has detailed a solid corporate performance driven by the growth of its South American assets. The Spanish operator would report a 7% gain in H1 2017 group revenues to €814 million (H1 2016: €760 million) reporting strong revenue gains within the markets of Argentina (€300 million) and Mexico …

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Codere integrates SIS racing streams

Racing content and data supplier Sports Information Services (SIS) has expanded its European footprint, by agreeing on a five-year deal with Spanish gambling operator Grupo Codere to upgrade in-store racing streaming services. As part of the agreement, SIS will supply live pictures, commentary and data for horseracing and greyhounds across the operator’s entire retail estate. SIS’ new international service has …

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Codere serves up Real Madrid ‘BBQ’

Spanish gambling operator Grupo Codere has launched its new Spain-wide marketing campaign ‘BBQ’ featuring Real Madrid stars Marco Asensio, Karim Benzema, Mateo Kovacic and Carlos Casemiro. The campaign promoting Codere Apuestas (Codere.com) products was launched on Spanish TV networks last week ahead of the UEFA European Super Cup Final between Real Madrid Vs Manchester United. The campaign features the tagline …

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Betgenius secures Grupo Codere global trading partnership

Genius Sports betting subsidiary technology Betgenius, continues to expand its industry footprint confirming that it has secured an agreement with Spanish legacy gambling operator Grupo Codere which will see it become the lead provider of pre-match and in-play trading provisions. Securing partnership terms, Betgenius will act as preferred provider of Codere trading markets for both its retail and online betting assets. …

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Northern Spain ambitions see Codere revamp Basque Pelota

Spanish sports betting operator Codere Apuestas (Codere) will fund the creation of a new Basque Pelota player league ranking with the help of the sport’s governing body Liga de Empresas de Pelota a Mano (LEPM). The new system named ‘Ranking LEPM Codere’, for the first time will classify the performance of Basque Pelota players competing in the ‘Aspe Pelota’ y ‘Asegarce Pelota’ …

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Codere launches Mexican property Codere.mx

Spanish gambling operator Grupo Codere (Codere) has launched its dedicated Mexican sports betting website Codere.mx, as the restructured operator continues to expand its services within Latin America. Through its strategic partnership with leisure operator Grupo Caliente, Codere is Mexico’s biggest gambling operator servicing 84 gaming establishments. Furthermore, the gambling group has a reported 70 betting points within the provinces of …

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Codere ups Italian presence by acquiring 51% stake in Nori Games

Spanish gambling operator Grupo Codere (Codere) has acquired a 51% stake in Italian gaming machines supplier Nori Games Services SRL through its Italian business subsidiary ‘Codere Italia’. Seeking to increase its presence within the Italian gambling market, Codere acquires its majority stake in Nori Games from the Cimmino family for an undisclosed sum. At present, Nori Games holds a portfolio …

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