Tag Archives: mexico

Codere books €164m loss in horror show Q2

SBC News Codere books €164m loss in horror show Q2

Grupo Codere SA cites that its business has been negatively impacted by the “temporary closures by public authorities due to alleged noncompliance with certain regulations in both Mexico and Argentina”. Publishing its Q2 trading update, the Spanish and Latin America-focused gambling group booked a net loss of €164m due to ‘impairment provisions’ needed to consolidate its performance in Mexico and …

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Catena Media named exclusive betting partner of The Sporting News

SBC News Catena Media named exclusive betting partner of The Sporting News

Catena Media has entered into content and commercial media partnership with US publisher, The Sporting News. Strengthening its position in the North American and Latin American online sports betting and casino gaming markets, the deal will see Catena Media create editorial and advertorial content as The Sports News’ exclusive betting partner. Shaun Koiner, Chief Operating Officer at The Sporting News, …

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10bet makes Mexican market debut

SBC News 10bet makes Mexican market debut

Malta-based online gambling company 10bet has announced its official entry into Mexico.  The operator has stated that it will offer ‘wide range of sports betting options, thrilling online casino games and a commitment to providing a unique user experience’ to players in the country. Arthur Perry, 10bet Chief Revenue Officer Global, detailed: “We are thrilled to bring the 10bet experience to …

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Codere vows to keep all units despite reorganisation  

Codere Online

Codere SA has vowed to investors that it will maintain all business units operating across seven markets within Europe and South America.  The Spanish gambling group has made its pledge having secured €100m in liquidity funding this March, guaranteed by bondholders and existing shareholders “in support of its long-term business plan”. 2022 saw a restructured Codere generate revenues of €1.3bn, …

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Televisa to split Mexican gambling and soccer assets into new business

Televisa to split Mexican gambling and soccer assets into new business

Grupo Televisa, Mexico’s largest media and entertainment conglomerate, has received approval to break-up its core business and create a new ‘gambling and soccer’ specific entity. Shareholders approved the decision at an Extraordinary Meeting held on 26 April to split up  Televisa’s gambling, lottery and soccer units into a new business which aims to be listed on the Mexican Stock Exchange …

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Codere gains bondholder approval for €100m liquidity injection

SBC News Codere gains bondholder approval for €100m liquidity injection

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 …

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Playtech overcomes UK hurdles to achieve 2022 bumper results

SBC News Playtech overcomes UK hurdles to achieve 2022 bumper results

Playtech Plc declares that it has achieved all corporate objectives of an ‘exceptional year’ for the FTSE250 technology group.  Publishing its FY2022 results, Playtech achieved a record revenue result of €1.6bn, up 33% on like-for-like 2021 comparatives of €1.2bn. Year trading saw Playtech B2B and B2C units continue to register growth within regulated markets, generating respective revenue results of €632m …

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Endre Nesset, Coolbet: Using European lessons for LatAm success

Endre Nesset, Coolbet: Using European lessons for LatAm success

Latin American opportunities caught a lot of attention towards the close of last year when Brazil’s so-near-yet-so-far betting regulation story caught the headlines. However, European companies interested in the sector may have a few things to consider. Sharing his insights from the perspective of a North Europe-founded company which recently took its latest big step on its Latin America roadmap, …

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Caliente backs Mexico Tricolor for World Cup 2026  

SBC News Caliente backs Mexico Tricolor for World Cup 2026  

Caliente.mx, the flagship brand of Caliplay, has announced its biggest sponsorship commitment to date, becoming a ‘key commercial partner’ of Mexican football. The sponsorship was announced yesterday via a press conference in the Toluca headquarters of the Mexican Football Federation (FMF), in which Caliente was announced as a new partner of Mexico’s National Team for the next four years.  Caliente …

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Codere Online confirms CEO departure as Nasdaq year-1 targets are matched

Codere Online

Codere Online has announced that Moshe Edree has chosen to step down as CEO of the Global Nasdaq Spanish online gambling group.  The disclosure follows Codere Online announcing its Q4 results, which saw the company complete its first full-year trading as a Global Nasdaq business.  A ‘better than expected’ Q4 trading period saw Codere Online generate period revenues of €34m, …

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