Spain, Italy and Latin America-facing operator Codere’s revenue fell 21.3% to €278.5m in the first quarter of 2020, while a combination of retail shutdowns resulting from novel coronavirus (Covid-19) and exchange rate fluctuations contributed to losses rising to €97.1m.
Online sports betting operator 1xBet has set out plans to further enhance its presence in the Latin American market after it secured a full licence from the Dirección General de Juegos y Sorteos (DGJS) of the Mexico's Ministry of the Interior.
Spanish and Latin America-facing gaming operator Codere has reported a 5.9% year-on-year decline in revenue for 2019, after growth in European markets was offset by a currency fluctuations hitting the contribution from its Argentinean business.
Codere has launched an investigation into inconsistencies in the financial reports of some of its Latin American subsidiaries for the first half of the year, which the operator has warned may reduce its full-year earnings by up to €20m.
Codere’s saw its net loss for the second quarter of 2019 fall by more than 75% for Q2, despite the collapse in value of the Argentine Peso drastically hurting revenue in what was previously the operator's largest market.