Tag Archives: madrid

Codere reveals LATAM auditing inconsistencies

Bolsa Madrid gambling group Codere SA will launch an investigation into the auditing of its Latin American business unit, as the firm admits to inconsistencies published in its year-to-date financial reporting. Communicated through Spain’s CNMV market authority Codere governance confirms that it will review the auditing of its entire LATAM unit, following ‘overstated accounts’ reported by a number of its …

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Codere shareholders cancel Martinez Sampedro board representation

The boardroom dispute of Bolsa Madrid gambling group Codere SA continues as company shareholders have moved to withdraw outright the governance representation of the enterprise founding Martinez Sampedro family. A Spanish Capital Markets filing has revealed that a majority of Codere shareholders voted at the firm’s annual general meeting to remove brothers’ Jose Antonio (former President) and Luis Javier (former …

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Betsson Spain sponsors After Brunch Pride Party

Betsson AB’s Spanish online gambling property Betsson.es has partnered with Madrid-based live music, youth culture and entertainment group After Brunch, becoming a lead sponsor of the upcoming ‘After Brunch Pride Party’. Hosted this Sunday 7 July, the After Brunch Pride Party is considered one of the major festive events of Madrid Pride, taking place at the City’s ‘Ventas Bull Ring’ …

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Martinez Sampedro family seeks highest fee for Codere exit

The boardroom dispute impacting the future of Bolsa Madrid gambling group Codere SA has intensified as the enterprise founding  Martinez Sampedro family places a Spanish Capital Markets Commission (CNMV) claim against US investor Silver Point Capital. The two-year dispute takes a further turn, on a matter which an embattled Codere governance outlined would be resolved at the firm’s ‘critical AGM’ scheduled …

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Madrid enforces tougher retail operating framework

The executive of Madrid Province has moved to install tougher restrictions on retail gambling premises, with a view to protecting ‘vulnerable groups’. Issuing its latest legislative update, the Madrid executive has sanctioned new demands on premises, enforcing mandatory customer ID checks and player registrations upon entering gambling establishments. The Madrid executive has stated that new ID protocols must be implemented …

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Codere Apuestas seeks to broaden appeal with ‘Nube’ campaign

Bolsa Madrid-listed Grupo Codere SA has taken a new creative approach in promoting its Codere Apuestas online sportsbook property. This April, Codere Apuestas released its new home market TV and digital advertising campaign ‘Nube’ (translated – ‘The Cloud’) –  publishing/broadcasting the campaign across multiple Spanish media portals. Continuing to work with Madrid-based creative advertising agency El Ruso de Rocky, the …

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Sampedro Investor dispute continues to hurt Codere

The battle between Grupo Codere investors and the enterprise founding Sampedro family intensifies as former Group President and Chief Executive Jose Antonio Sampedro refuses to sign-off the firm’s 2018 accounts. The embattled Bolsa Madrid gambling group, sees itself caught in the middle of boardroom feud between the Sampedro family who maintain 19% of the company’s shareholding and Codere’s multiple US …

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6 of the Best – Betano & Stoiximan’s Panos Konstantopoulos

Blonk 6OTB

This week’s 6 of the Best comes from Panos Konstantopoulos, Chief Marketing Officer at Betano and Stoiximan. Keep reading to discover the joys of a Madrid derby gracing the Champions League final, an oldie but a goodie of a movie choice and best bet difficulties. Best Holiday: It will have to be the very first holidays with our newborn twins, …

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Codere puts forward ‘2021 transformation plan’ with uncertain horizons

Spanish business news sources have reported that the governance of embattled Bolsa Madrid gambling group Codere SA, are reviewing all financing options as the company embarks on a ‘three-year corporate transformation plan’. Closing 2018, a year in which Codere was branded as the Madrid exchange’s ‘biggest bleeder’, seeing its share price collapse from January’s €9.50 to €2.40 for its December …

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Daniel Graetzer launches Carousel seeking to deliver ‘superior customer-driven experiences’

In 2019 the industry welcomes new incumbent Carousel Group, an ambitious start-up seeking to deliver fresh dynamics, thinking and propositions within multiple regulated sports betting markets. Based out of Madrid Spain, Carousel is led by Founder and CEO Daniel Graetzer, a seasoned executive in industry commercial development and venture financing. This morning, an ambitious Carousel announces that it is in …

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