{"id":274,"date":"2024-06-28T12:23:42","date_gmt":"2024-06-28T09:23:42","guid":{"rendered":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/28\/codere-online-soars-in-mexico-and-spain\/"},"modified":"2024-06-28T12:23:42","modified_gmt":"2024-06-28T09:23:42","slug":"codere-online-soars-in-mexico-and-spain","status":"publish","type":"post","link":"https:\/\/clubplayercasino150nodepositbonuscodes2023.icu\/2024\/06\/28\/codere-online-soars-in-mexico-and-spain\/","title":{"rendered":"Codere Online Soars in Mexico and Spain"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/RgL6IuFBCgQ\" frameborder=\"0\" allowfullscreen><br>\n<\/iframe><\/p>\n<p>Codere Online is thriving! Their earnings are soaring to new heights, particularly in Mexico. They anticipate generating between \u20ac150 million and \u20ac160 million in revenue this year. Spain is also contributing significantly to their success, with overall revenue experiencing a 35% increase.  They\u2019ve attracted a large number of new customers.  Even in countries like Colombia, they\u2019re generating profits, although not as substantial as in Mexico and Spain. Their exceptional performance has them on track to achieve profitability by the end of next year. <\/p>\n<p>While expenditures have risen from the prior period, spending has dwindled in comparison to the income generated. Marketing outlays were the most substantial, reaching \u20ac19.1 million, representing 48.8% of total earnings in the second quarter of 2023, down from 66.2% in the same period of 2022.<\/p>\n<p>The net deficit amounted to \u20ac1.7 million, compared to a net loss of \u20ac6.7 million in the second quarter of 2022. At the end of the period, the group\u2019s total liquid assets surpassed \u20ac45 million, compared to \u20ac49 million at the end of the first quarter.<\/p>\n<p>Chief Executive Officer Aviv Sher stated: \u201cWe are delighted to report robust second quarter outcomes and continue to build upon the momentum from the initial quarter.<\/p>\n<p>\u201cOur net gaming earnings expanded by 34% to \u20ac39 million, mirroring the first quarter, despite a seasonal downturn in sporting events. Our casino offerings have been a strategic focal point for us and contributed 54% of revenue this quarter.<\/p>\n<p>\u201cMexico witnessed strong revenue growth in the second quarter, increasing by 51% to \u20ac18 million, surpassing Spain for the first time to become the nation\u2019s largest market since its commencement. In Spain, net gaming earnings climbed by 24% to \u20ac17.5 million.\u201d<\/p>\n<p>Please sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Codere Online is thriving! Their earnings are soaring to new heights, particularly in Mexico. They anticipate generating between \u20ac150 million and \u20ac160 million in revenue this year. Spain is also contributing significantly to their success, with overall revenue experiencing a 35% increase. They\u2019ve attracted a large number of new customers. Even in countries like Colombia, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Codere Online: Soaring Profits in Mexico &amp; Spain<\/title>\n<meta name=\"description\" content=\"Codere Online is experiencing record growth, with Mexico and Spain driving revenue. 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