Online betting platform Stake has officially launched its sportsbook and casino in Mexico, coinciding with the country's preparation to co-host the World Cup. This expansion signifies Stake's continued growth into regulated Latin American markets.
Summary based on reporting by G3 Newswire, which retains all rights to its text and images.
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Bank of America has identified the digital trading card-pack market as an emerging adjacent frontier for gambling operators seeking new revenue streams. However, analysts cautioned that the sector presents distinct regulatory and inventory-related risks that operators must navigate.
Codere Online reported a 31% year-on-year increase in third-quarter revenue to €62.6 million ($69.2 million), driven primarily by strong performance in Mexico. Adjusted EBITDA rose 45% to €4.2 million, with net income reaching €5.5 million. Chief Executive Aviv Sher maintained the company's full-year outlook despite regulatory changes and foreign exchange headwinds.
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