Tag Archives: codere

Codere Online has confirmed that it will offer its web-based sports betting and casino products in Buenos Aires after receiving a licence from the city’s gambling regulator. Under the terms of a five-year licence approved by the Lotería de la Ciudad de Buenos Aires (LOTBA), Codere Online will be able to provide online gambling services via computer, tablet and mobile …

Grupo Codere has launched its new corporate social responsibility campaign ‘Red Bank’ supporting international charities to end violence against women. The Bolsa Madrid gambling group has adopted the tagline ‘violence is never love’ to launch its new CSR initiative promoting direct initiatives against gender violence, raising awareness to the social problem and promoting a culture of equality and respect for …

Codere SA has confirmed that its financial restructuring process, first initiated earlier this year, has been completed, with the planned liquidation of the international gambling group ‘expected to begin shortly’. The corporate reorganisation will see Codere SA relinquish its status as the parent company of the wider Codere operating group, 95% control of which will be transferred to new holding …

Codere is confident of bouncing back from COVID-19 induced headwinds, having identifying a resurgence in Latin American countries as the jurisdictions gradually reopen after months of lockdowns. Providing a financial update for the first nine months of 2021, the Spanish gambling group explained that it had generated total revenue of €499.6 as of September 2021, an increase of 8.5%. Codere …

Codere Online has reported strong revenue trends in key global markets, after the online sports betting and igaming firm documented its second quarter performance after entering into a business combination agreement with DD3 Acquisition Corp. The online gaming subsidiary of casino operator Codere Group entered into the deal with the publicly traded special purpose acquisition company in June. The transaction, valued …

Codere SA continues to mitigate the impact of COVID-19 pandemic restrictions on its business lines, as the Bolsa Madrid group prepares to divest its Codere online subsidiary. Publishing its results for the first half of 2021, following approval from its board of directors, Codere revealed the company turned over €266m, a 16 per cent decrease compared to the previous year. …

The board of Codere SA has filed an F-4 ‘preliminary registration statement’ with the US Securities and Exchange Commission (SEC) putting forward its prospectus to list its ‘Codere Online’ business on the US Nasdaq.  The registration sees Codere advance its plans to divest its Codere Online unit by merging with DD3 Acquisition Corp – a SPAC led by former Goldman …

Codere has strengthened its sports marketing activities in the Latin American market following an agreement with prominent Argentinian football team Club Atlético River Plate. The four-year deal will see the sports betting operator become the official betting partner of the Primera División team, whilst also gaining visibility via shirt sleeve branding for the initial stages of the deal. Expansion of …

The Racecourse Media Group (RMG) has partnered with SIS (Sports Information Services) under the terms of a three-year agreement to distribute and transmit audio-visual and data from British racecourses. Content will be provided to retail betting operators throughout the UK and Ireland from 1 April 2023 to 31 March 2026, following on from the current five-year agreement first inked in …

Nasdaq-listed SPAC DD3 Acquisition Corp has entered a definitive agreement to merge with ‘Codere Online’ – the online gambling subsidiary of embattled Spanish gambling group Codere SA.  Under DD3 ownership, Codere Online plans to gain a listing on the Nasdaq Exchange, as dealmakers target a $350 million (€290m) valuation for the online gambling unit, which will be separated from Codere’s …