Spanish gambling operator Codere's profits jumped nearly 54 per cent last year.
The company, which runs casinos, betting shops and bingo halls, achieved a profit of €29.3m in 2010. Sales totalled €1.1bn and EBITDA stood at €241m, exceeding expectations.
Codere said its success last year reflected the company’s growth initiatives and strong performance in the Latin American and Italian markets.
As 2010 came to a close, Codere’s portfolio consisted of 53,572 gaming machines, 597 betting locations, 129 bingo halls, 13 casinos and three horse racetracks.
