Spanish gaming operator Codere SA has announced the signing of a definitive agreement that is to see special purpose acquisition company (SPAC) entity DD3 Acquisition Corporation II merge with its Codere Online subordinate.
The Madrid-headquartered firm used an official Monday press release to declare that the arrangement is destined to take the iGaming enterprise public via a listing on the Nasdaq exchange in hopes of raising up to $350 million to help fund the unit’s upcoming ‘marketing expenditures, technology platform improvements and expansion into new high-growth markets’.
Climbing commitments:
Codere SA is responsible for land-based and online gaming operations in Spain, Mexico, Argentina, Italy, Uruguay, Colombia and Panama but was recently placed under t…
France’s leading gaming operator and one of the industry leaders worldwide, La Française des Jeux (FDJ), announces its revenue figures for the period January – September 2023 inclusive.
3.9% Higher Revenue Levels:
In the press release, the company reported the revenue of €1,875 million was reached by the end of September to stand for a 3.9% increase over the same period last year. Over the same period, FDJ generated €4,808 million in gross gaming revenue (GGR) to arrive at net gaming revenue of €1,771 million after tax and levy deductions.
Other activities brought €103 million to the Group to end September 2023 with the €1,875 million in revenues, which is 3.9% more than in the same period of 202…
Asian casino and entertainments firm Century Entertainment International Holdings Limited has reportedly announced that it is soon expecting to detail a net deficit for the twelve months to the end of last March of approximately $5.15 million.
According to a report from Inside Asian Gaming, the Hong Kong-listed firm is due to publish its most recent annual financial results before the end of the month and that the anticipated deficit will be similar to the about $5.04 million shortfall it chalked up for the preceding twelve-month period. The source detailed that the company used an official Friday filing to blame the projected upcoming loss on amortization and impairment charges associated with the ‘intangible assets’ of its gaming table and virtual r…