The digital gaming platform, Codere Online, has announced a robust commencement to 2024, exhibiting a substantial 34% surge in net gaming income for the initial quarter compared to the previous year. This remarkable accomplishment was fueled by significant expansion in the company’s primary territories of Mexico and Spain. The organization’s calculated emphasis on acquiring premium clientele has yielded reduced attrition levels and elevated average earnings per user. These favorable outcomes underscore Codere Online’s potent growth approach and its dedication to providing an exceptional gaming encounter for its patrons. As the enterprise persists in implementing its plan, it is strategically situated for sustained prosperity within the rapidly evolving online gaming industry.
We were incredibly excited to witness Mexico finally participate and attain positive modified earnings before interest, taxes, depreciation, and amortization for the first time in its history! This accomplishment, coupled with Spain’s outstanding results, drove us to an overall modified earnings before interest, taxes, depreciation, and amortization of €1.7 million during the initial quarter. This represents a significant turning point and positions us solidly on course to meet our financial targets for the current year.”
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