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Strong Q1 revenue growth for Codere despite Spanish woes

14th May 2012 8:45 am GMT

Spanish gaming group Codere S.A has reported a 31 per cent increase in revenues to €403.3m (US$520.8m) for the first quarter of 2012 following strong growth from the company’s operations in Argentina, Mexico and Italy.

Revenues in Argentina rose 25 per cent to €128.6m due to a 10 per cent increase in the number of machines installed to 5,566, together with an 18 per cent rise in average daily net win per seat to €300.40. This [...]

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