{"id":202,"date":"2024-06-18T04:29:38","date_gmt":"2024-06-18T01:29:38","guid":{"rendered":"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/"},"modified":"2024-06-20T17:02:31","modified_gmt":"2024-06-20T14:02:31","slug":"coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts","status":"publish","type":"post","link":"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/","title":{"rendered":"Codere&#8217;s Rocky Start to 2021: Pandemic Impacts and Restructuring Efforts"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/AoLw-Q8X174\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The gaming and wagering firm, Codere, faced a challenging commencement to 2021.  Their most recent earnings statement shows a sharp decline in income for the initial three months, plunging to \u20ac127.2 million (approximately $155 million USD). This signifies a 54.3% reduction contrasted with the corresponding timeframe last year. <\/p>\n<p>The cause? The continuing COVID-19 global health crisis. Stay-at-home orders and operational limitations severely impacted Codere, compelling them to entirely cease their physical locations in Italy throughout the quarter. Other significant regions like Mexico and Panama similarly encountered substantial interruptions and shutdowns.<\/p>\n<p>Although Codere executed expense reduction strategies and enhanced productivity, their modified EBITDA (earnings before interest, taxes, depreciation, and amortization) nevertheless experienced a substantial blow, diminishing by 92.7% to \u20ac3.5 million compared to the first quarter of 2020.  On a brighter side, Codere emphasized that all regions, excluding Italy, made favorable contributions to EBITDA.<\/p>\n<p>The extensive closures resulted in a net deficit of \u20ac91.5 million for the initial quarter.  Further exacerbating their difficulties were elevated interest outlays and the devaluation of operational currencies against the US dollar.<\/p>\n<p>As of March 2021, Codere possessed 30,201 operational gaming terminals across all their territories, excluding Italy and Uruguay.  They also managed 114 gaming establishments, 975 amusement centers, 182 sports wagering outlets, and 5,864 bars. <\/p>\n<p>In the fourth month of the year, Codere declared it had reached an accord with its primary lenders to reorganize its substantial liabilities. This arrangement aimed to provide the struggling gaming enterprise with a period of respite.<\/p>\n<p>Included in the agreement, Codere also obtained a fresh credit line amounting to \u20ac100 million to infuse some critically required funds into the operation. They promptly received the initial \u20ac30 million of that sum back in April.<\/p>\n<p>Nevertheless, information regarding the gravity of the circumstances alarmed stakeholders, causing Codere&#8217;s stock value to plummet sharply within the same month. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gaming and wagering firm, Codere, faced a challenging commencement to 2021. Their most recent&hellip;<\/p>\n","protected":false},"author":34,"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 Weathers COVID-19 Storm: Gaming Revenue Impacted<\/title>\n<meta name=\"description\" content=\"How has the global pandemic impacted gaming revenue for Codere? Dive into their recent earnings statement and discover the challenges faced in early 2021.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Codere&#039;s Rocky Start to 2021: Pandemic Impacts and Restructuring Efforts\" \/>\n<meta property=\"og:description\" content=\"How has the global pandemic impacted gaming revenue for Codere? Dive into their recent earnings statement and discover the challenges faced in early 2021.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/\" \/>\n<meta property=\"og:site_name\" content=\"Discover a World of Exciting Casino Games | Licensed &amp; Trusted\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-18T01:29:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:02:31+00:00\" \/>\n<meta name=\"author\" content=\"Ryan &quot;Rogue&quot; Roberts\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ryan &quot;Rogue&quot; Roberts\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/\",\"url\":\"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/\",\"name\":\"Codere Weathers COVID-19 Storm: Gaming Revenue Impacted\",\"isPartOf\":{\"@id\":\"https:\/\/lionsslotsnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-18T01:29:38+00:00\",\"dateModified\":\"2024-06-20T14:02:31+00:00\",\"author\":{\"@id\":\"https:\/\/lionsslotsnodepositbonus.icu\/#\/schema\/person\/048b3753f09697f814fa0c4a204486d8\"},\"description\":\"How has the global pandemic impacted gaming revenue for Codere? Dive into their recent earnings statement and discover the challenges faced in early 2021.\",\"breadcrumb\":{\"@id\":\"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/lionsslotsnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Codere&#8217;s Rocky Start to 2021: Pandemic Impacts and Restructuring Efforts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/lionsslotsnodepositbonus.icu\/#website\",\"url\":\"https:\/\/lionsslotsnodepositbonus.icu\/\",\"name\":\"Discover a World of Exciting Casino Games | Licensed &amp; Trusted\",\"description\":\"Stay informed and maximize your gambling experience with our regularly updated casino news, in-depth reviews, and expert articles. Discover a world of excitement at our licensed casino.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/lionsslotsnodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/lionsslotsnodepositbonus.icu\/#\/schema\/person\/048b3753f09697f814fa0c4a204486d8\",\"name\":\"Ryan \\\"Rogue\\\" Roberts\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/lionsslotsnodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/lionsslotsnodepositbonus.icu\/wp-content\/uploads\/sites\/37\/2024\/06\/man-avatar-96x96.png\",\"contentUrl\":\"https:\/\/lionsslotsnodepositbonus.icu\/wp-content\/uploads\/sites\/37\/2024\/06\/man-avatar-96x96.png\",\"caption\":\"Ryan \\\"Rogue\\\" Roberts\"},\"description\":\"This talented writer holds a Master's degree in Mathematics and a Bachelor's in Psychology. They have a strong foundation in psychometrics, item response theory, and test development, which they apply to the design and validation of gambling assessment tools and player profiling systems. Their articles and news pieces provide readers with a unique perspective on the role of psychological assessment in the casino industry and the strategies used to identify and support problem gamblers. They are passionate about promoting evidence-based practices and ethical standards in the use of psychological assessment in gambling settings.\",\"url\":\"https:\/\/lionsslotsnodepositbonus.icu\/author\/kfvhjh\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Codere Weathers COVID-19 Storm: Gaming Revenue Impacted","description":"How has the global pandemic impacted gaming revenue for Codere? Dive into their recent earnings statement and discover the challenges faced in early 2021.","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:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/","og_locale":"en_GB","og_type":"article","og_title":"Codere's Rocky Start to 2021: Pandemic Impacts and Restructuring Efforts","og_description":"How has the global pandemic impacted gaming revenue for Codere? Dive into their recent earnings statement and discover the challenges faced in early 2021.","og_url":"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/","og_site_name":"Discover a World of Exciting Casino Games | Licensed &amp; Trusted","article_published_time":"2024-06-18T01:29:38+00:00","article_modified_time":"2024-06-20T14:02:31+00:00","author":"Ryan \"Rogue\" Roberts","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ryan \"Rogue\" Roberts","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/","url":"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/","name":"Codere Weathers COVID-19 Storm: Gaming Revenue Impacted","isPartOf":{"@id":"https:\/\/lionsslotsnodepositbonus.icu\/#website"},"datePublished":"2024-06-18T01:29:38+00:00","dateModified":"2024-06-20T14:02:31+00:00","author":{"@id":"https:\/\/lionsslotsnodepositbonus.icu\/#\/schema\/person\/048b3753f09697f814fa0c4a204486d8"},"description":"How has the global pandemic impacted gaming revenue for Codere? Dive into their recent earnings statement and discover the challenges faced in early 2021.","breadcrumb":{"@id":"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/lionsslotsnodepositbonus.icu\/2024\/06\/18\/coderes-rocky-start-to-2021-pandemic-impacts-and-restructuring-efforts\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/lionsslotsnodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"Codere&#8217;s Rocky Start to 2021: Pandemic Impacts and Restructuring Efforts"}]},{"@type":"WebSite","@id":"https:\/\/lionsslotsnodepositbonus.icu\/#website","url":"https:\/\/lionsslotsnodepositbonus.icu\/","name":"Discover a World of Exciting Casino Games | Licensed &amp; Trusted","description":"Stay informed and maximize your gambling experience with our regularly updated casino news, in-depth reviews, and expert articles. Discover a world of excitement at our licensed casino.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/lionsslotsnodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/lionsslotsnodepositbonus.icu\/#\/schema\/person\/048b3753f09697f814fa0c4a204486d8","name":"Ryan \"Rogue\" Roberts","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/lionsslotsnodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/lionsslotsnodepositbonus.icu\/wp-content\/uploads\/sites\/37\/2024\/06\/man-avatar-96x96.png","contentUrl":"https:\/\/lionsslotsnodepositbonus.icu\/wp-content\/uploads\/sites\/37\/2024\/06\/man-avatar-96x96.png","caption":"Ryan \"Rogue\" Roberts"},"description":"This talented writer holds a Master's degree in Mathematics and a Bachelor's in Psychology. They have a strong foundation in psychometrics, item response theory, and test development, which they apply to the design and validation of gambling assessment tools and player profiling systems. Their articles and news pieces provide readers with a unique perspective on the role of psychological assessment in the casino industry and the strategies used to identify and support problem gamblers. They are passionate about promoting evidence-based practices and ethical standards in the use of psychological assessment in gambling settings.","url":"https:\/\/lionsslotsnodepositbonus.icu\/author\/kfvhjh\/"}]}},"_links":{"self":[{"href":"https:\/\/lionsslotsnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/202"}],"collection":[{"href":"https:\/\/lionsslotsnodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lionsslotsnodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lionsslotsnodepositbonus.icu\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/lionsslotsnodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=202"}],"version-history":[{"count":1,"href":"https:\/\/lionsslotsnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/202\/revisions"}],"predecessor-version":[{"id":239,"href":"https:\/\/lionsslotsnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/202\/revisions\/239"}],"wp:attachment":[{"href":"https:\/\/lionsslotsnodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lionsslotsnodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lionsslotsnodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}