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
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, …
Read More »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 …
Read More »Codere vows to keep all units despite reorganisation
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, …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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, …
Read More »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 …
Read More »Codere Online confirms CEO departure as Nasdaq year-1 targets are matched
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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