Spanish gaming operator Codere has reported a €805.6m revenue for the six months ending in June 30, a 22.7% increase from the same period a year ago.

The strong financial result is attributable to revenue growth in Latin America operations with Argentina posting 44% increase to €326.6m, Mexico with 12.8% growth to €183.3m and Panama recording €52.8m, up 30.7%.

Adjusted EBITDA for the period also jumped 46.9% to €136.3m with operating profit growing by €42.7m to €64.9.

Operating expenses also increased 17.3% to €740.4m with Panama (€12.3m) and Argentina (€73.3m) as the main drivers, partly du