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Codere losses continue as full year revenue falls 9%

2nd March 2015 7:38 am GMT

Shares in Spanish gaming operator Codere fell by more than 7 per cent in trading Friday after the company posted a 9 per cent drop in operating revenue to €1,385.6m for the full 2014 year.

The decrease in revenue followed declines in its two core markets of Argentina and Mexico, which now represent 61 per cent of the company’s total revenue.

Full Year 2014 Revenue

Revenue in Argentina fell 16 per cent to €489.0m due to a 47 [...]

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