{"id":456,"date":"2024-06-27T03:00:19","date_gmt":"2024-06-27T00:00:19","guid":{"rendered":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/27\/coderes-revenue-surges-in-q4-2021\/"},"modified":"2024-06-27T03:00:19","modified_gmt":"2024-06-27T00:00:19","slug":"coderes-revenue-surges-in-q4-2021","status":"publish","type":"post","link":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/27\/coderes-revenue-surges-in-q4-2021\/","title":{"rendered":"Codere&#8217;s Revenue Surges in Q4 2021"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/-SweVev1ni8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Coderes earnings in the final three months of 2021 reached \u20ac291 million, a figure exceeding twice the income generated during the same period in 2020. This sum accounts for 85% of the company&#8217;s total earnings in 2019, prior to the onset of the COVID-19 pandemic.<\/p>\n<p>The last quarter of 2021 marked the inaugural operational period for Nueva Codere, a newly established enterprise formed after creditors assumed control of the original Codere operations due to substantial financial liabilities.<\/p>\n<p>Within Spain, revenue experienced a 31.6% surge, reaching \u20ac42 million, nearing 90% of its total earnings in 2019.<\/p>\n<p>In Italy, revenue saw a 50.0% increase, settling at \u20ac75 million, despite the implementation of mandatory &#8220;COVID passports&#8221; for entry into its facilities.<\/p>\n<p>In Mexico, revenue more than doubled, reaching \u20ac54 million, although this figure remains 26% below the total revenue recorded in the final quarter of 2019.<\/p>\n<p>Codere stated: &#8220;The market&#8217;s recovery has progressed at a slower pace compared to other regions due to the ongoing presence of operational and capacity limitations, coupled with the sluggish macroeconomic recovery within the country.&#8221; <\/p>\n<p>In Argentina, income declined by 13% to \u20ac66 million due to broad economic factors, compared to the final quarter of 2019.<\/p>\n<p>In Uruguay, income increased by 6% to \u20ac12.6 million, while in Panama, income expanded twofold to \u20ac16.5 million. Income in Colombia was \u20ac4 million.<\/p>\n<p>Codere&#8217;s remaining digital business income increased 10% compared to 2020 and 46% compared to 2019. Before its reorganization, the majority of Codere&#8217;s digital business was separated into Codere Online, which went public last year on the Nasdaq through a merger with a special purpose acquisition company.<\/p>\n<p>In addition to disclosing its financial results, Codere also announced the appointment of Antonio Zafra as Legal and Compliance Director and Fernando Pombo as Strategy and Business Development Director.<\/p>\n<p>Zafra is a seasoned attorney who has held legal and compliance positions at CaixaBank and IberiaBank, and also served as Director of the Deputy Minister&#8217;s Office at the Spanish Ministry of Finance.<\/p>\n<p>Before joining Codere, Pombo was the Chief Financial Officer of healthcare group Omint. He also worked as a consultant at Andersen and Ernst &#038; Young.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coderes earnings in the final three months of 2021 reached \u20ac291 million, a figure exceeding twice the income generated during the same period in 2020. This sum accounts for 85% of the company&#8217;s total earnings in 2019, prior to the onset of the COVID-19 pandemic. The last quarter of 2021 marked the inaugural operational period [&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 Soars: Q4 2021 Earnings Double Pre-Pandemic Levels<\/title>\n<meta name=\"description\" content=\"Codere\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/27\/coderes-revenue-surges-in-q4-2021\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Codere&#039;s Revenue Surges in Q4 2021\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Codere\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/27\/coderes-revenue-surges-in-q4-2021\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Your Go-To Licensed Online Casino for Exciting Games &amp; News\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T00:00:19+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/27\/coderes-revenue-surges-in-q4-2021\/\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/27\/coderes-revenue-surges-in-q4-2021\/\",\"name\":\"Codere Soars: Q4 2021 Earnings Double Pre-Pandemic Levels\",\"isPartOf\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-27T00:00:19+00:00\",\"dateModified\":\"2024-06-27T00:00:19+00:00\",\"author\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Codere\",\"breadcrumb\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/27\/coderes-revenue-surges-in-q4-2021\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/27\/coderes-revenue-surges-in-q4-2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/27\/coderes-revenue-surges-in-q4-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/vegas2webnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Codere&#8217;s Revenue Surges in Q4 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#website\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/\",\"name\":\"Your Go-To Licensed Online Casino for Exciting Games &amp; News\",\"description\":\"Our licensed online casino is your go-to source for the latest industry news, game reviews, and expert insights. 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