Tag Archives: Jose Antonio Martinez Sampedro

Sampedro family fails to overturn Codere’s new leadership appointments

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 …

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Vicente Di Loreto takes Codere leadership as company ends family affair

Spanish gambling operator Grupo Codere begins 2018 by undertaking a leadership and governance restructure. Updating the market, Codere confirmed the appointment of Vicente Di Loreto as new Group Chief Executive, replacing current incumbent José Antonio Martínez Sampedro as the company leader. Di Loreto the former COO of Codere Latin America (2005-2010) will be supported by new Executive Chairman Norman Sorensen …

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Codere Apuestas signs three-year partnership with Real Madrid

Codere Apuestas, part of the Spanish multi-national company Codere Group, has become the official sports bookmaker for Real Madrid. The bookmaker will sponsor ‘Real’ for three seasons until 2019. As ‘Official Sports Bookmaker’, Codere Apuestas will increase its sports betting content, which will include a series of Real Madrid specials such as how many titles the club will win, and …

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UK court allows Codere SA to secure debt under London policy

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 …

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Codere cuts loses to €74 million for Q1-Q3 2015

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% …

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Creditors extend Codere debt restructure until end of 2015

Spanish embattled gambling operator Grupo Codere has been given until the end of 2015 (official date 31 December) to restructure its €1.1 billion (£815 million) debt by its creditors. The conformation of its debt extension, follows the announcement of a 25% increase in H2 2015 revenues to €408 million, following a marked recovery in the South American gambling markets of …

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Codere re-elects Jose Sampedro as CEO

The board of Spanish gambling operator Grupo Codere SA has unanimously approved the reappointment of Jose Antonio Martinez Sampedro as CEO. Jose Sampedro co-founded the operator and had served as CEO and President of Codere SA since May 1997 Sampedro’s reappointment follows the announcement that Codere aims to form a new business entity following the approval of the restructure of its …

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Grupo Codere restructures debt with creditors & shareholders

Embattled Spanish gambling operator Grupo Codere has reached a financing agreement  with shareholders and creditors that will see a restructuring arrangement for its €1.1 billion  (£850 million) debt. Spanish business news source stated that bondholder had taken control of Codere operations and assets, making it feasible for the operator to reach new financing terms. The deal was reached with 80.2% …

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