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Codere reduces 2013 earnings guidance as H1 revenues slide

2nd September 2013 8:41 am GMT

Spanish gaming operator Codere has reported a net loss of €74.7m for the six month period ended June 30th, an increase of 78 per cent compared to the same period last year, following a 4 per cent drop in revenues and the impact of impairment charges in Mexico.

Revenues fell to €787.6m following declines in Argentina and Mexico, which were partially offset by growth in Uruguay and Italy.Argentina revenues fell by 10 per cent to [...]

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