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Codere revenue slumps 21% in first quarter due to coronavirus-related closures

28th May 2020 11:13 am GMT

Madrid-listed gaming operator Codere has reported a 21 per cent fall in revenue to €278.5m for the first quarter of 2020, with results impacted by the temporary closure of its entire retail operations for most of March as a result of the COVID-19 crisis.

The closures had a significant impact on revenue in Italy, Mexico, Argentina and Spain, while Codere's growing online business remained in operation and saw revenue grow by 8 per cent year-on-year.

Q1 2020 [...]

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