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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Issuing a Q3 2015 trading update, William Hill has warned stakeholders and investors that its annual profits will be forecasted below market expectations. The bookmaker detailed a rough Q3 trading performance, reporting a 39% dive in group operating profits. Suffering the same fate as competitor Ladbrokes, William Hill maintained that sports wagering had been positive during the period, driven …
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Barcelona based football newspaper, ‘El Mundo Deportivo’ has reported that Intertain Spanish igaming subsidiary Botemania are favourites to land FC Barcelona’s training kit sponsorship deal. Mundo Deportivo , one of the leading FC Barcelona news sources, has detailed that the Catalan club’s management are seeking €80 million (£59 million) for a four sponsorship of its training kit, which would …
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Betting technology services and platform supplier BetConstruct has announced its first Spanish market agreement with operator R Franco The agreement sees R Franco, a Spanish gambling legacy operator move into the sports betting market utilizing BetConstruct’s sports betting product which will give to 20,000 live matches per month. R Franco governance noted that it had been seeking a sports betting …
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Paddy Power’s B2B sports betting services division (Paddy Power B2B) has announced that it will supply Spanish gambling operator Reta Espana (Retabet.es) with sports betting software and provisions. The agreement sees Paddy Power sign it first Spanish provisions agreement The partnership sees the Irish gambling operator extend its European B2B services, having recently agreed partnerships extensions with Nike Slovakia and …
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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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888 Holdings has seen like for like revenue increased by 9% to US$244.9m for the first half of the year, helped in a small part by a strong performance in its fledgling sports betting business. Adjusted EBITDA at the firm decreased by 17% to US$40.9m, but the firm has billed this as an impressive result given the introduction of UK …
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The French football league proved to be the most predictable on the continent over the past weekend, as tipsters on bettingexpert.com performed better on the Ligue 1 matches than any other division. Of the 5,000+ football tips posted on bettingexpert’s community this weekend, the ones focusing on French football were the most profitable for tipsters, with the Austrian Bundesliga and …
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Ladbrokes and Grupo CIRSA Spanish gambling joint venture Sportium, has confirmed that it will extend its official betting partnership with the Liga Nacional de Fútbol Profesional (LFP), the governing body of the top two divisions of professional football in Spain (La Liga and the Segunda Division). In October 2014 Sportium had been approved to become the official betting partner of …
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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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