The Mexican government plans to increase the gambling tax rate from 30% to 50%, bringing uncertainty to the online gambling operator Codere Online. The company recently announced its third-quarter financial data, showing a slight decline in revenue but an increase in profitability, while discussing
As most operators have announced their Q2 financial results, the performance of the Latin American gaming market has attracted significant industry attention. Despite the continued boom in Brazil's online gaming market, tax pressures in Colombia and Peru still pose significant challenges to operator
Spanish iGaming operator Codere Online recently stated in its first half of 2025 financial report conference call that there are no immediate plans to enter Brazil. CEO Aviv Sher admitted during the conference that replicating Codere's business model in Brazil, a new regulated market, would require
Codere Online announced its financial results for the first half of 2025, with Net Gaming Revenue (NGR) reaching 111.8 million euros, a 4% increase year-over-year; of which, the revenue for the second quarter was 54.8 million euros, up 1% year-over-year. Mexico continues to be the biggest driver of
Codere Online announced that due to the newly implemented 19% gambling VAT in Colombia impacting profit margins, the company has decided to exit the market. CEO Avi Shalel stated that the local growth momentum was "completely disrupted by tax policies".In contrast, the Mexican market has become a pi
Online gambling operator Codere Online announced its first quarter 2025 financial results, with net gaming revenue (NGR) increasing by 8% year-over-year to 57 million euros (64 million USD), and a 17% increase at constant exchange rates. The Mexican market performed particularly well, with NGR reach
Greentube has confirmed a new partnership with online operator Codere Online. Following this collaboration, Spanish players can now enjoy a selection of Greentube's games.The games currently offered on the Codere Online platform include "Lucky Lady's Charm Deluxe", "Book of Ra", and "Sizzling Hot De
The Nasdaq Hearings Panel granted the claim of the Spanish company in its justification for the delay in the delivery of the annual accounts. The new deadline for the presentation of the annual report will be May 12.Spain.- Codere Online, the online business subsidiary of Codere that is listed on th
The employees had been maintaining the measure in front of the hotel doors since November 15th last year.United States.- After more than 60 days of hotel workers' strike in Las Vegas, the Culinary Workers Union announced a five-year agreement for about 700 employees of Virgin Hotels Las Vegas. The w
An irrevocable judicial ruling relaxes the restrictions imposed in 2023 and allows the expansion of games such as roulette, dice, and cards, as well as more slot machines.Mexico.- A Mexican court has issued a ruling that significantly modifies the regulation of casinos in the country, allowing them
The company is going through a series of difficulties that include a change of auditor, accusations of fraud, and the possibility of being delisted from Nasdaq.Spain.- Codere Online, the online gaming operator part of Grupo Codere, is facing several crucial challenges that threaten its market stabil
Online gaming operator Codere Online is grappling with multiple challenges, including a recent change in auditor, allegations of securities fraud, and a looming Nasdaq delisting threat. The company has initiated efforts to regain compliance, appointing a new auditor and preparing for an appeal heari
Codere Online is facing mounting challenges as it grapples with a potential investor class action, securities fraud allegations, and the looming threat of Nasdaq delisting.The recent troubles started when the company disclosed on 27 December that its auditor Marcum LLP had resigned.Marcum cited an i
Codere Online in Peril amid Possible Lawsuit, DelistingCodere Online is in peril amid various threats to its business. In addition to a possible class action lawsuit, a potential Nasdaq delisting seems to be inching closer.Codere Parted Ways with Its AuditorOn December 27, Codere Online parted ways
Codere Online has submitted an appeal against a delisting notice it has received from the Nasdaq Stock Market.In a statement on its website, the online operator has said it received a staff determination letter from Nasdaq’s Listing Qualifications Department notifying the company of the delisting as
Codere Online has submitted an appeal against a delisting notice it has received from the Nasdaq Stock Market.In a statement on its website, the online operator has said it received a staff determination letter from Nasdaq’s Listing Qualifications Department notifying the company of the delisting as
