{"id":217,"date":"2024-06-19T13:08:25","date_gmt":"2024-06-19T10:08:25","guid":{"rendered":"https:\/\/newnodepositcasinos.icu\/2024\/06\/19\/codere-experiences-significant-revenue-surge-in-q3-2022\/"},"modified":"2024-06-20T17:05:59","modified_gmt":"2024-06-20T14:05:59","slug":"codere-experiences-significant-revenue-surge-in-q3-2022","status":"publish","type":"post","link":"https:\/\/newnodepositcasinos.icu\/2024\/06\/19\/codere-experiences-significant-revenue-surge-in-q3-2022\/","title":{"rendered":"Codere Experiences Significant Revenue Surge in Q3 2022"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/gSh-aV1CK9Q\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The gaming firm, Codere, announced a robust financial performance for the third quarter of 2022, with net gaming proceeds soaring by 54% to reach \u20ac30.6 million (approximately $31 million), a significant jump from the \u20ac19.8 million recorded during the corresponding period in the previous year.<\/p>\n<p>This remarkable outcome propelled Codere&#8217;s cumulative net gaming proceeds for the initial nine months of the year to \u20ac85.2 million, marking a substantial 40% surge compared to the \u20ac61 million generated during the same timeframe in 2021.<\/p>\n<p>Furthermore, the company disclosed \u20ac72 million in available funds and a net deficit of \u20ac11.6 million for the quarter.  In aggregate, Codere&#8217;s net deficit for the year thus far amounts to \u20ac28.4 million.<\/p>\n<p>Moshe Edree, Chief Executive Officer of Codere Online, ascribed the company&#8217;s accomplishments to outstanding results across their gaming ventures.  He emphasized the noteworthy 82% expansion in Mexico, a pivotal market for Codere.  Even in Spain, where regulatory constraints on advertising exist, Codere surpassed projections with a 29% rise.<\/p>\n<p>Oscar Iglesias, Chief Financial Officer of Codere Online, conveyed confidence in the company&#8217;s trajectory, citing the strong revenue momentum as they approach the culmination of 2022.  With the impending World Cup, a significant spectacle in the realm of sports wagering, Codere has elevated its full-year revenue forecasts to a range of \u20ac115 million to \u20ac120 million.  The company is also particularly enthusiastic about prospects in the Argentinian market, where they aspire to establish themselves as a dominant player. <\/p>\n<p>Codere verified receiving approval to commence activities in Cordoba, Argentina, with a target launch date within 2023. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gaming firm, Codere, announced a robust financial performance for the third quarter of 2022, with net gaming proceeds soaring by 54% to reach \u20ac30.6 million (approximately $31 million), a&hellip;<\/p>\n","protected":false},"author":45,"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 Cashes In: Q3 Gaming Revenue Skyrockets 54%<\/title>\n<meta name=\"description\" content=\"Big wins for Codere! 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