Codere Appoints Gonzalo Igoro as New CEO

Codere has declared the selection of Gonzalo Igoro as its new chief executive officer.

The gambling firm, Codere Group, revealed the news.

Igoro will take the helm in guiding Codere’s expansion strategies across its key operational regions.

Igoro joins Codere after serving as CEO of Health Transport Group for four and a half years.

During this period, he oversaw the acquisition of Health Transport Services by a new investor in 2021.

Before joining Health Transport Group, Igoro worked for Prosegur Cash for a decade.

He held several top positions at Prosegur Cash, including European Managing Director and South American Managing Director.

“Leading this organization presents a significant challenge and responsibility,” stated Igoro.

“Our aim is to enhance our competitiveness and profitability to confront the new wave of growth following the pandemic.”

“We have ongoing projects to maintain our position as a global benchmark and provide our customers with the best entertainment and gaming experience.”

Christopher Bell, non-executive chairman of Codere, added: “Gonzalo joins our team, and we bolster this phase of returning to the group’s growth path after the pandemic.”

Codere recently welcomed Michal Elimelech to its board.

Elimelech previously held various roles at 888 Holdings.

This appointment follows Codere’s recent addition of Michal Elimelech to its board last month.

This encompasses the American marketing manager, bingo manager, and the leader of established markets in Europe, the Middle East, and Africa.

Codere Online also declared a substantial decrease in its net deficit in the initial quarter.

Codere’s earnings rose annually in all of its operational regions during the three months concluding March 31. Operating earnings in each area witnessed double-digit growth.

Overall revenue climbed by 54.9% annually. Earnings in Spain rose by 39.4%, while earnings in Mexico increased by 76.0% and earnings in Colombia rose by 53.3%.

Adjusted EBITDA loss improved from €13.2 million to €2.3 million, while net loss declined significantly from €10.1 million to €1.1 million.

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