Tag Archives: Moshe Edree

Codere Online confirms CEO departure as Nasdaq year-1 targets are matched

Codere Online

Codere Online has announced that Moshe Edree has chosen to step down as CEO of the Global Nasdaq Spanish online gambling group.  The disclosure follows Codere Online announcing its Q4 results, which saw the company complete its first full-year trading as a Global Nasdaq business.  A ‘better than expected’ Q4 trading period saw Codere Online generate period revenues of €34m, …

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Codere Online cites year-1 progress despite widening losses

SBC News Codere Online cites year-1 progress despite widening losses

Codere Online has reflected on “stronger than expected results” across online casino amid a “strong set of results” through Q3, despite net loss soaring to 2022 highs through this latest reporting period. Revenue through July to September soared 51 per cent year-on-year to €28.9m, a figure that also represents a 5.47 per cent uptick from Q2 2022’s €27.4 as well as …

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Codere Online lauds MEX performance ahead of Argentine debut 

SBC News Codere Online lauds MEX performance ahead of Argentine debut 

Codere Online has cited progress on its LatAm market initiatives, led by the acceleration of its Mexican market presence.  Completing its second quarter on the US Nadaq, Codere Online has registered Q2 net gaming revenues (NGR) of €29m, up 41% on comparative 2021 results of €21m. Headline growth was attributed to its Mexican unit recording a period NGR of €12m, …

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Codere Online to commence Buenos Aires operations

SBC News Codere Online to commence Buenos Aires operations

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 …

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Codere Online finalises merger with DD3 whilst making new board appointment

SBC News Codere Online finalises merger with DD3 whilst making new board appointment

Codere Online has completed its merger with DD3 Acquisition Corp, following the approval of the latter’s stakeholders in 18 November, whilst also announcing the appointment of Patrick Ramsey to its board. The Latin America-focused online sports betting and casino gaming operator predicts that the finalised transaction will result in gross proceeds of approximately $116 million, or approximately $103 million net …

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Codere Online elects board nominations ahead of full divestment 

SBC News Codere Online elects board nominations ahead of full divestment 

DD3 Acquisition Corp, the SPAC vehicle that intends to merge with Codere Online to become the first Spanish language markets wagering business listed on the US Nasdaq, has disclosed the company’s first executive directorship appointments. Maintaining schedules, DD3 and Codere Online are expected to merge on Thursday 18 November – following the conclusion of a shareholders meeting to finalise the …

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Codere moves Real Madrid partnership to LatAm horizons

SBC News Codere moves Real Madrid partnership to LatAm horizons

Grupo Codere SA will serve as the South American betting partner of Real Madrid FC for a period of five seasons, maintaining the Spanish gambling group’s longest-serving sponsorship.    Since 2016, Codere has served as the official betting partner of Real Madrid, primarily using the Spanish Giant’s brand and players to promote its Codere Apuestas sportsbook brand across Spain and the …

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Codere spins online unit to DD3 SPAC in pursuit of $350m Nasdaq listing

SBC News Codere spins online unit to DD3 SPAC in pursuit of $350m Nasdaq listing

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 …

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Codere chooses Solitics’ data management & automation platform

Solitics

Spanish multinational gambling group Codere has sealed a deal with Solitics to improve its management of data and create a more personalised experience for its players. Codere confirmed that Solitics has integrated its real-time data management and automation platform into Codere’s sport betting and casino operations in Europe and Latin America (LatAm). Moshe Edree, COO for Codere’s digital division, said: …

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