Codere Online is the online arm of the Codere group, launched in 2014 and listed separately on Nasdaq under the ticker CDRO since December 2021, when it completed a business combination with the special purpose acquisition company DD3 Acquisition Corp II. The listed entity is Codere Online Luxembourg, S.A. It operates online casino and sports betting in Spain, Italy, Mexico, Colombia and Panama, and has more recently launched in the City of Buenos Aires. Spain and Mexico are its two core markets. It reported net gaming revenue of 64.4 million euros for the first quarter of 2026, up 13% year on year, with adjusted EBITDA of 6.0 million euros against 1.8 million a year earlier.
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Group gaming revenue up 5.8% to €352.5 million, adjusted EBITDA up 14.1%, and the online arm's best quarter yet on World Cup stakes 180% above 2022. What the market wants is not the numbers but the answer to a strategic review that has been running since the first quarter, with Jefferies and Macquarie engaged.
One of Europe and Latin America's most recognisable gambling operators is on the block. With advisors hired and a summer deadline in sight, the race to acquire Codere is already taking shape.
London, UK - 29th September 2025 - The government of Mexico has found itself in a deeply contradictory position, publicly admitting that its foundational
Codere Online, the Nasdaq-listed Spanish betting group, has reported strong net gaming revenue (NGR) growth for the first quarter of 2025. The company's
Codere Online, the NASDAQ-listed Spanish betting group, has reported strong financial performance for the first quarter of 2025. The company's net gaming