Tag Archives: codere

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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Codere defers debt note duties until 2023

The creditors of Codere SA have allowed the Spanish gambling group to renegotiate the terms of its senior secured debt notes. The Bolsa Madrid gambling group has been allowed to defer its debt maturity payments from 2021 to 2023 as part of the firm’s ongoing restructuring arrangements. Back in July, company creditors had allowed Codere to access a further €250 …

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Codere modifies high coverage AS partnership to obey Spanish advertising laws

Codere has confirmed that it has renewed its media partnership with Spanish sports daily AS (AS.com) that will see the two companies continue to develop exclusive football content, despite the Spanish government enforcing new federal restrictions on betting advertising. Working with AS, last season Codere launched its interactive football show ‘Mister Underdog’ which proved a success, securing a following of …

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LATAM woes see Codere track year losses of €240m 

Embattled Spanish gambling group Codere SA has published its Q3 2020 earnings report, revealing that its year-to-date corporate net losses currently stand at €240 million.  The Bolsa Madrid gambling firm continues to absorb COVID-19 impacts following a staggered reopening to its South American gambling venues, combined with severe LATAM currency fluctuations against the US dollar. Despite reopening its European (Spain …

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Codere appoints Rafael Catalá as legal counsel ahead of crucial family showdown

Rafael Catalá, Spain’s former justice minister, has been forced to take control of Codere SA’s legal counsel to oversee the firm’s ongoing shareholder dispute between the Martinez Sampedro family and US debt holders. Spanish business news sources report that an embattled Codere no longer maintains a functional counsel to advise its corporate governance, following the successive departures of three executives …

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Codere appoints Shackleton to lead brand overhaul for Spain and Mexico

Grupo Codere has confirmed the appointment of Shackleton as its new creative marketing agency, as the Bolsa Madrid gambling group seeks to refresh its image within its home market of Spain, whilst expanding its public profile across the firm’s target South American growth markets. Shackleton wins the multinational account following a competitive pitch undertaken by Codere during May in which …

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Mozzartbet sets sail in South America taking over Meridianbet Colombia

Mozzartbet Serbia’s leading bookmaker has entered the South American sportsbook market, acquiring the online operating unit of Meridian Gaming Colombia SAS – the Colombian market subsidiary Meridian Gaming Ltd. The acquisition forms part of Mozzartbet’s ongoing ‘internationalization strategy’ with the Serbian betting group securing direct entry within Colombia’s regulated online gambling marketplace taking over the meridianbet.com.co domain. Stating its new …

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Codere secures €250m credit lifeline on aggressive interest rates 

Embattled Spanish gambling group Codere SA has agreed terms on a new ‘refinancing proposal’ with existing bondholders, which will allow the firm to access a further €250 million credit extension.  Following weeks of negotiations, Codere has secured the vital liquidity funding to keep its Spanish and South American business units afloat. US bondholders Jupiter AM, Dryden Capital, Invesco and Blackrock …

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Codere merges Italian fruit machine units forming CODWIN

Spanish gambling group Codere SA has launched ‘CODWIN’, its new Italian market AWP games (fruit machines) distribution unit, formed by the merger of its shareholdings in subsidiaries Gap Games Italia and FG Slot. Italian industry news sources report that the launch of CODWIN, had been formally approved by Gap Games and FG Slot investors at an April shareholder meeting, allowing …

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