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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Having received regulatory approval by Colijuegos to become the first intentional firm to gain Colombia’s new online gambling licence, Gaming1 has bet big on the market launching new property Zamba.co SBC speaks to Victor Araneda Gaming1 Latin America Director, on his firm’s ambitions and first stage realities for Zamba.co, a brand seeking to heat up Colombian betting and gaming. …
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Updating the market, European online gambling group Gaming1 has informed that it been approved a Colombia online gambling/betting licence by national regulator Colijuegos. Gaming1 management states that its is the ‘first international operator’ to gain a license for Colombia’s a newly regulated online gambling market. The company will now move to launch new 50-50 joint venture Zamba.co in partnership with …
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Colombia’s gambling regulatory body Colijuegos has awarded its second official online gambling licence to Corredor Empresarial SA, the licensed operator of Colombian provincial lotteries. The licence will allow Corredor Empresarial to operate its new online gambling brand Betplay.com.co, powered by industry software providers Kambi for its sports betting provisions and R Franco Digital acting as lead online casino and platform …
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Spanish licensed online sports betting operator Sportium (sportium.es) continues its South American expansion, announcing that it will enter the Colombian online betting market. The Ladbrokes and Grupo Cirsa Spanish joint-venture launch in Colombia follows a successful South American debut in Panama, where its services have gained a strong foothold. Speaking to Spanish media, Sportium CEO Alberto Eljarrat detailed that his …
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Spanish gambling group R. Franco has expanded its digital gaming division ‘R. Franco Digital’ within the South American market, announcing that it has entered a partnership with Colombian operator Corredor Empresarial S.A. The agreement will see R. Franco Digital integrate its IRIS omni-channel platform for Corredor Empresarial online gambling brands. R. Franco will serve as a lead supplier for the …
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Publishing its full-year 2016 results, Spanish gambling group Grupo Cirsa (Cirsa) has declared its ‘best year in business’, as the company benefits from the growth of its home market assets and Latin America operations. Detailing its FY 2016 financial breakdown, Cirsa would report flat-line group revenues of €1.6 billion. However, the company would benefit from its ‘group efficiency strategy’ which …
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Following a period of commercial growth, sports data and media rights distributor Genius Sports has announced that it will open support offices in Los Angeles (USA), Medellin (Colombia) and Vilnius (Lithuania). Confirming its new international offices, Genius Sports governance stated that its investment would help grow the firm’s presence in over a dozen countries worldwide. Choosing its locations for international …
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Seeking to open its games machine distribution network within the burgeoning South American market, European gambling technology firm Euro Games Technology (EGT) has confirmed that it has opened a new office in Bogota Colombia. Updating the market, EGT governance detailed that it had chosen the Colombian capital city as its South American HQ following an extensive review of regional markets …
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Presenting its full year 2015 results, Spanish gambling operator Grupo Cirsa detailed that it had recorded growth in all core markets. Cirsa would post full-year group revenues of €1.8 billion representing a 16.5% increase on 2014 performance. Its revenue uplift would transfer to an improved group EBITDA of €380 million up 14% on FY 2014 results. Detailing performance drivers, Cirsa …
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