Tag Archives: Panama

Blackstone eyes ‘IPO on the horizon’ for CIRSA

A year following its €2 billion acquisition of Grupo CIRSA, US private equity fund Blackstone Group, is reported to be assessing ‘future options’ for the Spanish market gambling group. Spanish business news source Economia Digital, reports that Blackstone eyes an ‘IPO on the horizon’ for its CIRSA vehicle. Blackstone, which maintains one of gambling’s biggest investment portfolios, is reported to …

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Metric Gaming – Pricing up the World Cup

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Chris Taylor, Head of Football at Metric Gaming, looks at the challenges sportsbook traders face during major tournaments, such as the World Cup. The World Cup has delivered a run of surprise results to date; Argentina, Spain, Portugal and reigning champions Germany have all been eliminated. And perhaps the biggest shock of all – England beat Colombia in a 4-3 …

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Betway – Busy sporting week could see UK wager half a billion

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Global online gambling firm Betway is predicting that as much as £500m is set to wagered across Britain in a betting bonanza of a week. Two England games in the space of six days at football’s biggest showpiece, the World Cup currently ongoing in Russia, bookends five days of betting at Royal Ascot, which could see UK punters wagering half …

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OPTIMA’s Javier Manceñido: Differentiation and flexibility to drive LatAm success

LatAm - Copyright: dikobrazik / 123RF Stock Photo

Companies looking to enter LatAm need to look well beyond the hype about size and potential. Successful penetration of this vibrant region will require patience, attention to detail and a tailored approach to doing business. Find out more from Javier Manceñido, Vice President of Sales at OPTIMA, including why LatAm represents such a challenge for its new market incumbents, and …

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Mexican growth leads Codere corporate recovery

Refinanced Spanish gambling firm Grupo Codere continues its strong corporate recovery, as the company reports KPI and metric growth for its Q3 2017 trading update (period ending 30 September). Primarily driven by growth in its Spanish and Mexican divisions, Codere would record Q3 2017 group operating profits of €401 million up 3% on corresponding 2016’s €390 million. Despite facing adverse currency …

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SBC’s On the Ball: The football business insight

From sponsorship to the ever-expanding world of football media coverage, when it comes to the business of football, SBC has got you covered. The first biweekly review tackles the continuing saga of overseas TV rights money, as well as looking at some of the winners and losers from World Cup Russia 2018 qualification. Sky Sports backlash over Amazon Man City deal …

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Sportium readies for Colombia market launch

Spanish licensed online sports betting operator Sportium (sportium.es) continues its South American expansion, announcing that it will enter the Colombian online betting market. The Ladbrokes and Grupo Cirsa Spanish joint-venture launch in Colombia follows a successful South American debut in Panama, where its services have gained a strong foothold. Speaking to Spanish media, Sportium CEO Alberto Eljarrat detailed that his …

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Codere narrows 2015 losses to €113 million

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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