Online betting operator Stake has officially launched its services in Mexico, strategically timed to coincide with the nation's co-hosting of the 2026 FIFA World Cup. This move signifies a significant expansion of Stake's footprint within the Latin American iGaming market.
Summary based on reporting by iGaming Business, 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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