Tag Archives: argentina

Grupo Enjoy has initiated a strategic review of its business, in which the South American gambling group will consider the individual sale of its casino properties.  This week, the board of Enjoy notified Chile’s Commission of Financial Markets (CMF) that it had initiated a strategic review led by Santiago-based financial advisory ASSET Chile SA. The CMF was informed that Enjoy …

Bplay, an omnichannel betting brand operated by Gaming Innovation Group (GiG) client Boldt Group, has launched in its fifth jurisdiction in Argentina. The operator made its debut in the country’s seventh largest province, Mendoza, building on an existing presence in the City of Buenos Aires, Province of Buenos Aires, Santa Fe and Entre Ríos. Whilst expanding Bplay’s reach in Argentina, …

Betsson AB has secured its biggest marketing commitment for the Argentine market, becoming the principal shirt sponsor of Boca Juniors. This weekend, Argentine news sources reported that Betsson had agreed to definitive terms to become Chief Sponsor of Boca, whose matchday shirt has been sponsor-less since July 2022. Local news sources reported that Betsson will pay $7.5m to place its …

A restructured Grupo Codere has announced that it has “fully consolidated its corporate recovery,” as the group’s financial results match or outperform its 2019 post-COVID performance. In its full-year 2022 trading update, the Spanish multinational gambling group reported corporate revenues of €1.31bn, reflecting a 68% growth on FY2021 results of €791m and an exact like-for-like match on FY2019 revenue performance. …

The board of Codere SA has been granted approval by bondholders to pursue a €100m liquidity injection, a transaction required for the Spanish gambling group to ‘avoid insolvency’. In March, bondholders were notified of ‘liquidity pressures’ impacting Codere’s global operations, in which the company required emergency financing in the markets of Argentina, Mexico and Panama. The funds will support Codere’s …

Grupo Codere has notified investors that it must raise €100m in capital as the heritage Spanish gambling firm “finds itself in a probable insolvency situation”.  Yesterday, Codere published an updated ‘reorganisation and refinancing plan’, outlining that a request for €100m liquidity financing to be added to the board’s ongoing ‘2023-to-2027 recovery programme’. Codere maintains that it has achieved the initial …

Heritage South American gambling group Enjoy SA has unveiled its new online betting platform EnjoyWin, which is now operational in Brazil, a market that the Chilean based company expects to become “the next big thing”. In an interview with local media DF MAS, Enjoy’s Product and Innovation Manager Marianela Artoni shared that the platform features an expanded offer that includes …

Regulus Partners reviews World Cup 2022 trends, which provides a clear narrative of sports betting’s new and old world markets colliding. Whilst going into extra time, Brazil fails to deliver on its federal sports betting law…   France vs Argentina was hardly an unexpected final to the 2022 FIFA World Cup. However, nearly everything else was different. The time of year …

Nueva Codere lauds its business transformation as its European and Latin American units continue to bounce back from the pandemic, as the group recorded “a strong recovery” in its Q3 results. The bounceback, Nueva Codere explained, was largely driven by the increase in footfall across its land-based gambling venues, which had previously remained closed due to the pandemic. The company, …

Lotería de Córdoba, the lottery board of the Argentine province of Cordoba, has sanctioned eight online gambling licences that have been granted to local businesses and authorised partnerships. The application process was overseen by an ‘evaluation committee’ which disclosed in August that it had received 10 applications for Cordoba licences.  The executive of Cordoba had replicated the licensing conditions adopted …