Tag Archives: uruguay

Codere showing signs of recovery following LatAm reopening

Codere is confident of bouncing back from COVID-19 induced headwinds, having identifying a resurgence in Latin American countries as the jurisdictions gradually reopen after months of lockdowns. Providing a financial update for the first nine months of 2021, the Spanish gambling group explained that it had generated total revenue of €499.6 as of September 2021, an increase of 8.5%. Codere …

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Codere moves Real Madrid partnership to LatAm horizons

Grupo Codere SA will serve as the South American betting partner of Real Madrid FC for a period of five seasons, maintaining the Spanish gambling group’s longest-serving sponsorship.    Since 2016, Codere has served as the official betting partner of Real Madrid, primarily using the Spanish Giant’s brand and players to promote its Codere Apuestas sportsbook brand across Spain and the …

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Codere defers debt note duties until 2023

The creditors of Codere SA have allowed the Spanish gambling group to renegotiate the terms of its senior secured debt notes. The Bolsa Madrid gambling group has been allowed to defer its debt maturity payments from 2021 to 2023 as part of the firm’s ongoing restructuring arrangements. Back in July, company creditors had allowed Codere to access a further €250 …

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Codere Chairman pursues final options to save the company 

Codere SA is pursuing emergency financing options having failed to convince investors to back its business recovery plans, according to Spanish business news source La Razon.  The embattled Bolsa Madrid gambling group has failed to secure a further €100m credit line to keep it’s Spanish and LaTam retail business units afloat during lockdown. On the edge of bankruptcy, Codere is …

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Codere secures €36m credit line to fund Mexican outlook

A filing placed with Spain’s CNMV capital markets commission has revealed that Codere SA has secured terms on two corporate credit lines, obtaining approximately €36 million in working capital to help the Bolsa Madrid gambling group maintain its Mexico and Uruguay business subsidiaries. The transaction sees Codere governance expand the volume of its existing €90 million revolving credit facility, of …

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Dire Q3 sees Codere declare group losses of €30 million

Publishing its Q3 trading statement, Bolsa Madrid gambling group Codere SA records performance declines across all key operating markets, impacting the firm’s corporate recovery. Reporting declines across all South American territories (except Uruguay) and a stagnating performance in its home market of Spain, Codere posts a 3.6% decline in group revenue to €343 million (Q32018: €356m). Despite reducing its exposure …

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NBA nets first LATAM betting partnership with Supermatch Uruguay

US Basketball’s NBA has moved to strengthen its Latin American profile,  confirming it has secured a multi-year partnership with Uruguay-licensed gambling operator La Banca’s ‘Supermatch’ sportsbook property, which becomes the first ‘official gaming partner‘ of the NBA for Latin America. The new partnership will be promoted across the 6,000 Supermatch Uruguayan retail betting points, with the sportsbook brand further securing exclusive coverage on …

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BetVictor’s Million Pound Bet scooped by 17,042/1 shot

Copyright: mkos83 / 123RF Stock Photo

Online gaming organisation BetVictor has concluded its World Cup Million Pound Bet campaign, which has seen one unnamed lucky punter land a bet with odds of 17,042/1 to come out on top. Rewarding the customer with the largest winning bet with the biggest odds across any World Cup market, the triumphant customer, who requested to remain anonymous, placed the winning …

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The World Cup’s Finest with Marathonbet’s Joe Lovelace

In The World Cup’s Finest we ask various individuals to delve into their own personal history of football’s quadrennial showpiece extravaganza, selecting a number of favourites as well as revealing what is their very first World Cup memory. Today’s bumper issue comes courtesy of Joe Lovelace, Head of PR at Marathonbet, who goes very left-field when addressing a favourite World …

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The World Cup’s Finest with Pinnacle’s Benjamin Cronin

In The World Cup’s Finest we ask various individuals to delve into their own personal history of football’s quadrennial showpiece extravaganza, selecting a number of favourites as well as revealing what is their very first World Cup memory. Relive the 1998-2010 World Cup era with Pinnacle’s Content and Social Media Manager Benjamin Cronin, who goes on a journey from his …

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