Tag Archives: mexico

Caliplay, the Mexican and LatAm joint venture formed by Grupo Caliente and Playtech Plc, has issued a statement related to the ongoing ‘services fee’ dispute between its venture partners.  Last week, FTSE250 Playtech informed its investors that it would seek a determination by British Courts on whether Caliplay was entitled to redeem an additional services fee related to its working …

Playtech Plc has notified investors that it is seeking for English Courts to determine its joint-venture dispute with LatAm business partner Grupo Caliente.  The FTSE250 gambling technology group has served as Caliente’s lead online gambling systems supplier since 2012, a partnership that was expanded to launch the ‘Caliplay Mexico’ joint-venture in 2014. However, Caliente has disputed whether it maintains an …

Lauding its first step in the North American and Latin American gaming sectors, Novibet has secured a market launch in Mexico.  The online sports betting and casino operator, founded in Greece and headquartered in Malta, plans to use Mexico as a springboard for further expansion in both North and South America.  A long-term resident of the European gaming space, Novibet …

Codere Online has reflected on “stronger than expected results” across online casino amid a “strong set of results” through Q3, despite net loss soaring to 2022 highs through this latest reporting period. Revenue through July to September soared 51 per cent year-on-year to €28.9m, a figure that also represents a 5.47 per cent uptick from Q2 2022’s €27.4 as well as …

Nueva Codere has outlined that its restructured business is on course to surpass its  2019 pre-pandemic revenue and earnings results.  Publishing a Q2 trading update, Nueva Codere achieved corporate revenues of €317m, headline results which mirror an 8% increase on 2021 comparatives and 91% of revenues registered prior to the COVID-19 pandemic. A statement by management read: “An upward trend …

Codere Online has cited progress on its LatAm market initiatives, led by the acceleration of its Mexican market presence.  Completing its second quarter on the US Nadaq, Codere Online has registered Q2 net gaming revenues (NGR) of €29m, up 41% on comparative 2021 results of €21m. Headline growth was attributed to its Mexican unit recording a period NGR of €12m, …

The board of Playtech Plc has suspended plans to divest its shareholding in Mexican B2C joint-venture Caliplay. Announced during Q1 trading, Playtech revealed that it had entered discussions with JV partner Caliente Interactive to merge Caliplay with a SPAC vehicle that would subsequently list the company on a US stock exchange.  This afternoon, Playtech issued a short statement, confirming that …

Latin America sportsbook Codere Online has significantly expanded its brand coverage in Mexico, becoming the headline sponsor of ‘Box Azteca’ – the flagship boxing show of TV Azteca.  The sponsorship will see Codere Online promoted across all televised Box Azteca fight nights, broadcast across Mexico every Saturday from 11pm on the Azteca 7 channel.  Codere Online has branded the sponsorship …

Betcris has signed an agreement to become the official sponsor of Mexican football team, FC Juárez, for a minimum of four years. The collaboration looks to reinforce the firm’s commitment to the Mexican market, where it is already present as an official bookmaker for the Mexican National Soccer Team and Club Pachuca and is a sponsor of Atlante FC. Betcris …

AIEJA – Mexico’s casino trade association – has urged the federal government to intervene and implement a unified tax framework for casinos to operate under. The association that represents land-based casino operators, games suppliers and licence holders outlined that its members supported ‘single tax payment system to help improve control over income’. At present, Mexico operates a fragmented regulatory framework …