Spanish Armada: Codere Online posts 13% Q1 revenue rise
Codere Online reported record quarterly net gaming revenue of €64.4m in Q1 2026, up 13% year-over-year, while adjusted EBITDA more than tripled to €6.0m.
Codere Online reported record quarterly net gaming revenue of €64.4m in Q1 2026, up 13% year-over-year, while adjusted EBITDA more than tripled to €6.0m.
Authorities allege the criminal group ran a false invoicing scheme generating illicit tax advantages and circulating cash through a parallel financial system.
A Senate sports committee approved a bill directing part of betting tax revenue to Brazil’s military sports system, including Olympic and social inclusion programs.
Representatives from Brazil’s meat industry say online betting is increasingly pressuring household budgets and reducing spending on food.
The operator expects 2026 adjusted EBITDA to reach the top end of guidance after online bets rose 15% year-on-year.
Melco’s City of Dreams Mediterranean generated the largest share of earnings, accounting for 86% of total GGR in 2025.
Three-year facility to replace AU$400m syndicated agreement and boost liquidity.
Share prices tumbled and prediction markets changed the game – but the outgoing CEO made history with FanDuel; not least by winning Executive of the Year three times in a row and claiming the #1 spot in US iGaming.
Operating income rebounds sequentially, while early Q2 gaming activity strengthens.
The supplier’s consolidated AEBITDA for Q1 2026 increased 5% to $327m, mainly driven by gaming AEBITDA which accounted for $271m and rose 7% from the prior year period.