Latin America growth returns Codere to profit in 2017

1st March 2018 5:35 am GMT

Spanish gaming operator Codere returned to profit in 2017, with the company’s new leadership pledging to focus on profitable growth and creating value for shareholders this year.

Full year revenue increased by 6 per cent year-on-year to €1.64bn following growth in the key markets of Argentina, Mexico and Italy. Latin America generated 68 per cent of Codere’s revenue at €1.11bn, with the company’s home market of Spain contributing €188.1m and Italy a further [...]