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Latin America decline impacts Codere first quarter revenue

14th May 2018 5:34 am GMT

Madrid-listed gaming operator Codere Group has reported a 5 per cent fall in revenue to €383.3m for the first quarter of 2018, following declines across all of its Latin American operations.

Codere said that results were adversely impacted by currency exchange fluctuations, which partially offset revenue growth in Spain and Italy.

Q1 2018 Revenue Comparison (€)

Latin American markets represented nearly two-thirds (64 per cent) of the Q1 total, although combined revenue for the region fell by 13 [...]

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