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Codere posts Q1 revenue decline despite online growth

15th May 2019 6:52 am GMT
Online Gaming

Spanish gaming operator Codere has reported a 6.5 per cent drop in total revenue to €357.7m for the first quarter of 2019, despite Online revenue growing to €14.9m.

The company saw revenue from Latin America fall by 15 per cent year-on-year to €207.7m, including double-digit declines in Argentina and Panama, partially offset by growth in Mexico and Uruguay.

For the first time Codere reported its Online division as a standalone business unit, with revenue increasing 69 per [...]

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