The first quarter of 2024's results for Grupo Codere have been released. Due to limitations in Mexico and an unfavorable macroeconomic climate in Argentina, revenue fell 14% from the previous year to €313.8 million. Revenues exceeded budget by 4% year over year when these two business units were excluded.
This action follows Codere's $100 million fundraising campaign last year, which was used to prevent insolvency and stabilize its Latin American businesses. It claimed that operational problems in Mexico and Argentina had been resolved, although statutory losses of $160 million had occurred in the first half of the previous year.
This action follows Codere's $100 million fundraising campaign last year, which was used to prevent insolvency and stabilize its Latin American businesses. It claimed that operational problems in Mexico and Argentina had been resolved, although statutory losses of $160 million had occurred in the first half of the previous year.