Racing content and data supplier Sports Information Services (SIS) has expanded its European footprint, by agreeing on a five-year deal with Spanish gambling operator Grupo Codere to upgrade in-store racing streaming services. As part of the agreement, SIS will supply live pictures, commentary and data for horseracing and greyhounds across the operator’s entire retail estate. SIS’ new international service has …
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Genius Sports betting subsidiary technology Betgenius, continues to expand its industry footprint confirming that it has secured an agreement with Spanish legacy gambling operator Grupo Codere which will see it become the lead provider of pre-match and in-play trading provisions. Securing partnership terms, Betgenius will act as preferred provider of Codere trading markets for both its retail and online betting assets. …
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Spanish listed gambling operator Grupo Codere continues its international expansion, informing the market that it has moved to acquire all shares in Mexican joint venture Grupo Caliente MX. Updating investors, Codere governance details that it will purchase all Caliente assets outright, by acquiring the remaining 32.7% of company shares for a reported $26 million ($22 million in cash). The Spanish …
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Spanish gambling group Grupo Codere has announced the launch of its new platform for its online sportsbook and casino verticals, hosted under its Codere.es brand. The platform launch has been additionally supported by a new fully responsive website launched last week. Optimising its sportsbook offering Codere.es will feature more in-play betting markets, faster website loading times and better user functionality …
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The recovery of embattled Spanish gambling operator Grupo Codere (Codere) has been gravely impacted by the depreciation of South/Latin American currencies against the € currency. Presenting its H1 2016 results (period ending 30 June), Codere who restructured its €1,1 billion debt under UK High Courts in January would record group operating losses of €7.8 million (H1 2015: €65 million). Despite …
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A restructured Grupo Codere SA (Codere) has detailed that it has cut its 2015 group net losses to €113 million (£88 million), down 34.6% on FY 2014’s €173 million (£135 million). The embattled Spanish gambling operator detailed that it had increased its group revenues to €1.64 billion up 18% on FY 2014’s €1.38 billion. Outlining positive impacts, Codere governance stated …
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Grupo Codere subsidiary has struck a short term sponsorship deal with La Liga football club Valencia CF. Presenting its partnership to Spanish media, Codere marketing announced that the Codere Apuestas brand would be displayed on the left sleeve of Valencia’s football jerseys for the remainder of the 2015/16 La Liga season. Valencia CF have no official shirt sponsor for its …
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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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Spain’s Grupo Codere has announced the senior managerial appointments of Alejandro Pascual as European Chief Operations Officer and Jose Antonio Gonzalez Lainez as Chief of Spanish Operations. Pascual will lead Codere European operations, having previously served as Chief Operating Officer of Codere Italia. He has held senior managerial positions at Codere since 2000 when he joined the gambling group a …
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Embattled Spanish gambling operator Grupo Codere has reached a financing agreement with shareholders and creditors that will see a restructuring arrangement for its €1.1 billion (£850 million) debt. Spanish business news source stated that bondholder had taken control of Codere operations and assets, making it feasible for the operator to reach new financing terms. The deal was reached with 80.2% …
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