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Codere posts strong online growth in Q1 as retail woes continue

21st May 2021 9:34 am GMT
Codere

Madrid-listed betting and gaming operator Codere has reported a 24 per cent increase in revenue from its growing Online business to €19.8m in the first quarter of 2021.

Despite the strong growth online, total Q1 revenue fell by 54 per cent year-on-year to €127.2m as the company’s land-based operations were hit by Covid-related closures across Europe and South America.

Italy was the only market that remained fully closed during the quarter, generating zero revenue compared to revenue [...]

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