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Codere earnings at high end of expectations in Q1

16th May 2011 9:32 am GMT

Spanish gaming group Codere S.A has reported a 21 per cent increase in revenues to €305.9m for the first quarter of 2011, with significant growth in Italy and Latin American markets such as Argentina and Mexico offsetting a continued decline in Spain.

Revenues in Argentina rose by 29 per cent to €128.6m due principally to an increase in the number of gaming machines installed to 5,053, and in the net win per machine per day as [...]

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