The online business saw a 24% increase in net gaming revenue, reaching €25.5m. Spain emerged as the top performer with net gaming revenue of €13.2m, noting a 1.5% rise. Meanwhile, Mexico witnessed a substantial growth of 56.2%, with gaming revenue amounting to €10m. Colombia also experienced a significant increase in gaming revenue, reaching €1.5m, which translates to an 81.4% surge. Codere Online CEO, Moshe Edree, expressed satisfaction with the business’s performance, highlighting the positive results in Mexico and Spain despite marketing restrictions. Anticipating continued growth, Codere Online CFO, Oscar Iglesias, projected a notable rise in revenue during the second half of the year. Codere Online became a separate listed entity following its parent company’s takeover by creditors in November last year.
Codere Online Reports Impressive 20% Increase in Q1 Revenue to €23.9m
Henri Welsh is a seasoned writer with a deep passion for the world of gambling and online gaming. With over a decade of experience in the industry, Henri has cultivated an extensive knowledge of casinos, sports betting, poker, and the rapidly evolving landscape of online gambling. His writing is marked by a keen analytical eye and a talent for breaking down complex topics into engaging, accessible content. Henri's articles provide readers with insightful strategies, industry trends, and in-depth reviews, helping both novices and seasoned players make informed decisions.
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