{"id":282,"date":"2024-06-29T00:31:57","date_gmt":"2024-06-28T21:31:57","guid":{"rendered":"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/"},"modified":"2024-06-29T00:31:57","modified_gmt":"2024-06-28T21:31:57","slug":"codere-maintains-profit-goal-despite-argentinas-economic-woes","status":"publish","type":"post","link":"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/","title":{"rendered":"Codere Maintains Profit Goal Despite Argentina&#8217;s Economic Woes"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/GHSVxwoFPU4\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Codere continues to hold its earnings goal in spite of Argentina&#8217;s economic difficulties, according to iGB.<\/p>\n<p>Codere continues to hold its 2019 profit goal in spite of the sharp depreciation of the Argentine peso. Argentina is one of the operator&#8217;s main markets.<\/p>\n<p>Earlier this month, the peso plunged after primary election results indicated that Peronist opposition candidate Alberto Fernandez would defeat market-friendly incumbent Mauricio Macri in the October election.<\/p>\n<p>However, Codere stated that while its adjusted earnings projection for Argentina has been reduced to between \u20ac61 million and \u20ac66 million from \u20ac67 million to \u20ac72 million since it released its first-quarter results in May, its overall EBITDA goal will remain unchanged at between \u20ac280 million and \u20ac290 million.<\/p>\n<p>Codere stated that &#8220;in spite of the devaluation of the Argentine peso, the group&#8217;s performance remains stable due to the better-than-expected performance of markets such as Mexico and Uruguay.&#8221;<\/p>\n<p>Specifically, adjusted EBITDA climbed from \u20ac65 million to \u20ac70.3 million, an increase of 8.2% year-on-year, in spite of a 29% decline in Argentina from \u20ac24.4 million to \u20ac17.3 million in the same period. <\/p>\n<p>Cordel highlighted that the robust performance of Mexico, Spain, Colombia, and Uruguay resulted in a 30.5% annual increase in group income during the second quarter, excluding Argentina, surging from \u20ac40.6 million to \u20ac53 million, suggesting a diminished dependence on the Argentine market.<\/p>\n<p>While Argentina&#8217;s second-quarter income decreased by 27.2% year-over-year, dropping from \u20ac109.9 million to \u20ac80 million, revenue outside the nation expanded by 3.3%, climbing from \u20ac266.1 million to \u20ac274.9 million.<\/p>\n<p>Despite a 5.6% dip in overall group revenue during the same period, falling from \u20ac376 million to \u20ac354.9 million, Cordel stressed that non-recurring costs in the first half of 2019 were over 50% lower than the corresponding period in the previous year.<\/p>\n<p>Sign up for the iGaming News Newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Codere continues to hold its earnings goal in spite of Argentina&#8217;s economic difficulties, according to iGB. Codere continues to hold its 2019 profit goal in spite of the sharp depreciation of the Argentine peso. Argentina is one of the operator&#8217;s main markets. Earlier this month, the peso plunged after primary election results indicated that Peronist [&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 Holds Profit Goal Despite Argentina Crisis<\/title>\n<meta name=\"description\" content=\"Codere remains confident in its 2019 profit target despite the Argentine peso\" 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:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/\" 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 Maintains Profit Goal Despite Argentina&#039;s Economic Woes\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Codere remains confident in its 2019 profit target despite the Argentine peso\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Your Source for Expert Casino Insights &amp; Licensed Gaming News\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T21:31:57+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=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/\",\"url\":\"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/\",\"name\":\"Codere Holds Profit Goal Despite Argentina Crisis\",\"isPartOf\":{\"@id\":\"https:\/\/america777nodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-28T21:31:57+00:00\",\"dateModified\":\"2024-06-28T21:31:57+00:00\",\"author\":{\"@id\":\"https:\/\/america777nodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Codere remains confident in its 2019 profit target despite the Argentine peso\",\"breadcrumb\":{\"@id\":\"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/america777nodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Codere Maintains Profit Goal Despite Argentina&#8217;s Economic Woes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/america777nodepositbonus.icu\/#website\",\"url\":\"https:\/\/america777nodepositbonus.icu\/\",\"name\":\"Your Source for Expert Casino Insights &amp; Licensed Gaming News\",\"description\":\"Indulge in the best of licensed online gambling with our regularly updated news, honest reviews, and expert articles. Our platform is your trusted gaming partner.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/america777nodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/america777nodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/america777nodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/america777nodepositbonus.icu\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Codere Holds Profit Goal Despite Argentina Crisis","description":"Codere remains confident in its 2019 profit target despite the Argentine peso","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/","og_locale":"en_GB","og_type":"article","og_title":"Codere Maintains Profit Goal Despite Argentina's Economic Woes","og_description":"Codere remains confident in its 2019 profit target despite the Argentine peso","og_url":"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/","og_site_name":"Your Source for Expert Casino Insights &amp; Licensed Gaming News","article_published_time":"2024-06-28T21:31:57+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/","url":"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/","name":"Codere Holds Profit Goal Despite Argentina Crisis","isPartOf":{"@id":"https:\/\/america777nodepositbonus.icu\/#website"},"datePublished":"2024-06-28T21:31:57+00:00","dateModified":"2024-06-28T21:31:57+00:00","author":{"@id":"https:\/\/america777nodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"description":"Codere remains confident in its 2019 profit target despite the Argentine peso","breadcrumb":{"@id":"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/america777nodepositbonus.icu\/2024\/06\/29\/codere-maintains-profit-goal-despite-argentinas-economic-woes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/america777nodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"Codere Maintains Profit Goal Despite Argentina&#8217;s Economic Woes"}]},{"@type":"WebSite","@id":"https:\/\/america777nodepositbonus.icu\/#website","url":"https:\/\/america777nodepositbonus.icu\/","name":"Your Source for Expert Casino Insights &amp; Licensed Gaming News","description":"Indulge in the best of licensed online gambling with our regularly updated news, honest reviews, and expert articles. Our platform is your trusted gaming partner.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/america777nodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/america777nodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/america777nodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/america777nodepositbonus.icu\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/america777nodepositbonus.icu\/wp-json\/wp\/v2\/posts\/282"}],"collection":[{"href":"https:\/\/america777nodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/america777nodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/america777nodepositbonus.icu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/america777nodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=282"}],"version-history":[{"count":0,"href":"https:\/\/america777nodepositbonus.icu\/wp-json\/wp\/v2\/posts\/282\/revisions"}],"wp:attachment":[{"href":"https:\/\/america777nodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/america777nodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/america777nodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}