Tag Archives: codere

RMG and SIS to distribute ‘quality core content’ to bookmakers

The Racecourse Media Group (RMG) has partnered with SIS (Sports Information Services) under the terms of a three-year agreement to distribute and transmit audio-visual and data from British racecourses. Content will be provided to retail betting operators throughout the UK and Ireland from 1 April 2023 to 31 March 2026, following on from the current five-year agreement first inked in …

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Codere spins online unit to DD3 SPAC in pursuit of $350m Nasdaq listing

Nasdaq-listed SPAC DD3 Acquisition Corp has entered a definitive agreement to merge with ‘Codere Online’ – the online gambling subsidiary of embattled Spanish gambling group Codere SA.  Under DD3 ownership, Codere Online plans to gain a listing on the Nasdaq Exchange, as dealmakers target a $350 million (€290m) valuation for the online gambling unit, which will be separated from Codere’s …

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SIS expands Orenes partnership with Trading Services deal

SIS (Sports Information Services) has expanded its partnership with Orenes, providing its Versus Apuestas brand with early morning prices and derivatives for horse racing and greyhound racing content. The prices and derivatives will cover UK and Irish fixtures as well as international horse racing from North America, the Czech Republic, Dubai, Germany, Hungary and Latin America. Angel Calderon, Digital Sales …

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SIS to broadcast Hipódromo de las Américas fixtures via Codere deal

SIS to broadcast Hipódromo de las Américas fixtures via Codere deal

SIS (Sports Information Services) has built upon its Latin American offering by inking a new exclusive partnership with Codere.  Through the deal, SIS has agreed to broadcast the remaining 76 horse racing fixtures of the 2021 season from the Hipódromo de las Américas racetrack in Mexico City.  Coverage will be made available to SIS customers across the world via its …

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Codere shareholders approve liquidation terms

The board of Codere SA has been granted approval by shareholders to proceed with the ‘liquidation arrangement’ agreed last month with existing creditors.  Shareholders of the Bolsa Madrid gambling group have approved the terms of the liquidation agreement, allowing for creditors to take control of the embattled firm – the liabilities of which are reported to stand at €700 million. …

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Codere founding family demands €900m compensation from US investors 

Grupo Codere SA is caught up in a further investor dispute, after the company’s founding Martinez Sampedro family demanded that their minority shareholding be acquired by the firm’s remaining US investors. The Martinez Sampedro family have filed an appeal with Spain’s National Securities Market Commission (CNMV), urging the regulator to demand that US investors acquire the family’s 14% stake in …

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Moody’s downgrades Codere after restructuring announcement

Moody’s Investors Service has downgraded the €500 million and $300 million instrument senior secured notes of Codere SA, following a restructuring agreement reached between the Spanish operator and its creditors last week. The ratings agency has made the decision to downgrade the two aforementioned senior secured notes from Caa3 to Ca, in addition to a €250 million super senior note, …

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Codere shares fall by 12% after liquidation agreement with creditors

Spanish online sports betting and casino operator Codere has seen its shares fall by 12% to €1.08, after coming to an agreement with its creditors that will see the firm enter liquidation. As a result of the liquidation, Codere asset’s will be transferred to a new corporate structure in order to ensure the variability of the company, supported by its …

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Jdigital debuts problem gambling therapy helpline with FEJAR

Jdigital has signed a ‘collaborative agreement’ with Spanish problem-gambling therapist FEJAR, which will see its members promote a new treatment support freephone helpline (tel- 900 533 025) across their digital inventories.  The Spanish online gambling trade association has revealed that eight of its members – Codere, Ebingo, Entain, Flutter, Sisal, Sportium, Wanabet and Winamax – have begun the ‘first phase …

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Codere denies Novomatic interest in online business

Codere SA has rejected Spanish news reports that it has entered into negotiations to sell a majority 51% stake of its online gambling unit to Austrian conglomerate Novomatic. The Bolsa Madrid-registered gambling group instantly refuted a news article published by El Confidencial this morning, in which it was reported that the firm was reviewing a strategic offer put forward by …

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