Tag Archives: Mauricio Macri

Argentine woes see Codere issue profit warning

Closing Monday 26 August trading, Bolsa Madrid gambling group Codere SA has issued a profit warning after admitting that a further Argentine Peso devaluation has impacted the firm’s 2019 expectations. Codere cannot escape Argentina’s economic volatility caused by the nation’s shock primary election results as voters turned against President Mauricio Macri’s government, backing the ‘Frente de Todos’ Peronist coalition. The …

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Macri blow threatens Buenos Aires gambling agenda

Industry observers will be monitoring Argentine political movements closely following a week of ‘primary shocks’, which may impact the progress of Buenos Aires launching its approved regulated online gambling marketplace. Last week, the Argentine public shunned President Mauricio Macri and the PRO Party at the nation’s Primary Elections, Argentina’s run-off candidacy format prior to the General Elections scheduled for 27 …

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Buenos Aires approves Vidal gambling decree with altered tax framework

The executive of Buenos Aires has signed into law the mandate of the ‘2019 Budget Law’, which revamps BA’s gambling framework, introducing Argentina’s first online gambling legislative code, operating within the province of Buenos Aires. Last December, BA districts approved Decree 181 of the 2019 Budget Law, allowing for seven BA online gambling licenses to be granted, servicing sports betting, …

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Argentine football demands that Macri & Vidal tango on BA gambling reforms

Political rifts are developing in Buenos Aires, as Argentina’s biggest football clubs and the governance of the Superliga and Argentine FA (AFA) demand that football is rewarded in the upcoming reform of BA’s gambling laws. Argentine Superliga and AFA officials have demanded that President Mauricio Macri (Argentina PRO), leader of the Cambiemos governing coalition, move to suspend the Buenos Aires …

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Paddy Power – Panama Papers…Who’s next?

Iceland Prime Minister Sigmundur Gunnlaugsson stepped down from his post this week but its highly unlikely that he’ll be the only high profile casualty of Panama PaperGate. Accordingly Paddy Power has opened a betting market on who it believes will be the next to step down with Argentine leader Mauricio Macri and Ukraine President Petro Poroshenko the joint favourites at 8/1. Macri …

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