Codere posts €236m full-year loss as revenue plummets 57%

Spanish operator severely impacted by coronavirus closures as online revenue climbs 19.3% annually

Sports betting operator Codere has posted a significant 57.2% year-on-year (YoY) fall in revenue for 2020. The Madrid-based firm recorded €594.6m in full-year revenue, after the Covid-19 pandemic took a major toll on its retail arm. In Argentina, where the retail market was completely closed between March 2020 and December 2020, revenue decreased by €246.5m…

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