Tag Archives: Vicente Di Loreto

Codere changes leadership to execute new 2022-2026 vision

SBC News Codere changes leadership to execute new 2022-2026 vision

Vicente Di Loreto has chosen to end his leadership tenure as Chief Executive of Spanish gambling group Codere.  This morning, Nueva Codere – the business identity of Grupo Codere SA under the ownership of bondholders – published a leadership succession plan informing the market that Di Loreto would be replaced by the new leadership duo of Alberto González del Solar …

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Codere enlists new board to revive business prospects 

SBC News Codere enlists new board to revive business prospects 

A new board of directors has been appointed to revitalise the business of heritage Spanish gambling group Codere SA.  An announcement made by ‘Nueva Codere’, the business identity of Codere under the ownership of bondholders, confirmed that Christopher Bell had been approved as Non-Executive Chairman of the company. The appointment of Bell, the former Chief Executive of Ladbrokes Plc and …

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Codere underscores ‘ambitious expansion plan’ upon making Nasdaq debut

SBC News Codere underscores ‘ambitious expansion plan’ upon making Nasdaq debut

Codere Online has made its entry on the Nasdaq stock exchange, following the conclusion of its merger with SPAC DD3 Acquisition Corp. II, becoming the first listed wagering firm for Latin American markets.  The shares and warrants  of Codere Online will be listed on the Global Nasdaq stock market under the “CDRO” and “CDROW” tickers respectively. Codere Online predicts that …

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Codere Online finalises merger with DD3 whilst making new board appointment

SBC News Codere Online finalises merger with DD3 whilst making new board appointment

Codere Online has completed its merger with DD3 Acquisition Corp, following the approval of the latter’s stakeholders in 18 November, whilst also announcing the appointment of Patrick Ramsey to its board. The Latin America-focused online sports betting and casino gaming operator predicts that the finalised transaction will result in gross proceeds of approximately $116 million, or approximately $103 million net …

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Codere spins online unit to DD3 SPAC in pursuit of $350m Nasdaq listing

SBC News Codere spins online unit to DD3 SPAC in pursuit of $350m Nasdaq listing

Nasdaq-listed SPAC DD3 Acquisition Corp has entered a definitive agreement to merge with ‘Codere Online’ – the online gambling subsidiary of embattled Spanish gambling group Codere SA.  Under DD3 ownership, Codere Online plans to gain a listing on the Nasdaq Exchange, as dealmakers target a $350 million (€290m) valuation for the online gambling unit, which will be separated from Codere’s …

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Codere points towards stability reducing interim losses to €8.5m

SBC News Codere points towards stability reducing interim losses to €8.5m

Publishing its H1 2019 interim results (period ending 30 June), Bolsa Madrid-listed gambling group Codere SA improves its trading stability, reducing corporate losses by 78% to €8.5 million (H12018: -€39m). As communicated in August, the Spanish gambling group’s period performance would be impacted by Argentina’s volatile economic conditions, which sees Codere record a 6% decrease in group revenues to €712 …

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US ruling allows Martinez Sampedro family full disclosure on Codere investors

SBC News US ruling allows Martinez Sampedro family full disclosure on Codere investors

Connecticut’s District Court has granted the Martinez Sampedro family a major concession in its ongoing legal dispute against Grupo Codere SA’s US debt-holders, upholding the family’s ‘discovery demand’ against Silver Point, Contrarian and Abrahams Capital hedge funds. Securing its Connecticut demand, the Martinez Sampedro family – enterprise founders of Codere – will be able to access all information related to …

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Codere appoints ‘transformation pro’ Luis Sanchez Serrano to lead digitisation strategy

SBC News Codere appoints 'transformation pro' Luis Sanchez Serrano to lead digitisation strategy

Bolsa Madrid gambling group Codere SA has confirmed the appointment of Luis Sanchez Serrano as new Corporate Director for Technology and Digitisation. A fresh face to the gambling sector, Sanchez Serrano is a 23-year veteran of the Spanish financial services industry, having led technology and innovation divisions for Liberbank, Bankinter and Banco Espirito Santo Portugal. Moving forward the executive will …

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Codere seeks to end Sampedro drama at ‘critical AGM’

SBC News Codere seeks to end Sampedro drama at 'critical AGM'

Bolsa Madrid gambling firm Grupo Codere SA is set to host a ‘critical showdown’ at its annual general meeting set for Monday 26 July, as corporate stakeholders seek to settle the governance dispute between US debt holders and the enterprise founding Martínez Sampedro family. Spanish business news sources report, that Codere investors will seek to remove Martínez Sampedro board representatives’ …

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Codere places responsibility at the forefront of Real Madrid renewal  

SBC News Codere places responsibility at the forefront of Real Madrid renewal  

Issuing a market update, Spanish gambling firm Grupo Codere SA informs that it will continue to serve as ‘official betting partner’ of Real Madrid FC until the end of the 2020/21 European football season. Bolsa Madrid gambling group Codere has served as Real Madrid betting partner since 2016, representing Codere’s biggest marketing commitment. The Spanish betting group has previously used …

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