Tag Archives: Grupo 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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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. …

Read More »

Codere eyes Mexican expansion purchasing Grupo Caliente outright

Spanish listed gambling operator Grupo Codere continues its international expansion, informing the market that it has moved to acquire all shares in Mexican joint venture Grupo Caliente MX. Updating investors, Codere governance details that it will purchase all Caliente assets outright, by acquiring the remaining 32.7% of company shares for a reported $26 million ($22 million in cash). The Spanish …

Read More »

Grupo Codere launches new platform & website for Codere.es

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 …

Read More »

South & Latin American declines hurt Codere recovery

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 …

Read More »

Codere narrows 2015 losses to €113 million

A restructured Grupo Codere SA (Codere) has detailed that it has cut its 2015 group net losses to €113 million (£88 million), down 34.6% on FY 2014’s €173 million (£135 million). The embattled Spanish gambling operator detailed that it had increased its group revenues to €1.64 billion up 18% on FY 2014’s €1.38 billion. Outlining positive impacts, Codere governance stated …

Read More »