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Business
January 3, 2025
Codere Online in Peril amid Possible Lawsuit, Delisting
Codere Online is in peril amid various threats to its business. In addition to a possible class action lawsuit, a potential Nasdaq delisting seems to be inching closer. Codere Parted Ways with Its Auditor On December 27, Codere Online parted ways with its auditor Marcum. The latter was unable to complete the audit procedures Codere […]
Business
November 19, 2024
Codere Online Faces Nasdaq Delisting, Appeals Decision
Codere Online Luxemburg is facing Nasdaq delisting because of a delayed form submission. The company has decided to appeal the motion, arguing that its delay is due to an ongoing audit of its 2023 financials. The Company Has Delayed Its Form 20-F for 2023 In its official release, Codere Online explained that, on November 12, […]
Business
October 16, 2024
Codere Completes Global Recapitalization, Cuts Debt by €1BN
Spanish multinational operator founded in 1980 and listed on the national stock exchange, Codere, has announced the successful completion of its global recapitalization process. As a result of the worldwide corporate restructuring aimed to change the company’s capital structure, the operator, who was the pioneering gaming company to provide regulated brick-and-mortar-based sports betting in Spain, […]
Business
March 19, 2024
Codere to Use Legal and Financial Advisors to Support Growth
The leading multinational group in the private gaming industry with 40 years of experience and a strong presence in Europe and Latin America, Coedere, has recently inked agreements with Houlihan Lokey and Allen & Overy. Codere to Boost Its Capital & Record More Growth The two firms will become Codere’s financial and legal advisors in […]
Business
July 10, 2023
Codere Designates Gonzaga Higuero as CEO
Codere Group/Grupo Codere, a Spain-headquartered gambling operator, has updated its leadership team with a new chief executive officer. The one up to the task is the experienced Gonzaga Higuero who will now be responsible for leading the organization and driving growth. In his new position, Higuero will enact the operator’s expansion strategy in many key […]
Business
June 2, 2023
Codere Posts Stellar 2023 Start with Q1 Revenue up by 19%
Globally recognized gambling operator Grupo Codere published its latest trading update, outlining details regarding the company’s performance for the first quarter of 2023. On Friday, the company released its latest report, revealing that its total revenue in Q1 2023 hit €350 million ($375.5 million). This result, when compared to the corresponding period in 2022, marked […]
Industry
May 16, 2023
Inspired Teams up with Cristaltec to Deliver VLT System for Codere
The leading business-to-business (B2B) provider of solutions, systems and gaming content, Inspired Entertainment, announced it entered into a new agreement for the deployment of technology for the leading Spanish multinational company, Codere. The company has announced it teamed up with Cristaltec S.p.A., a leading company in the design, development and distribution of products within the […]
Business
May 4, 2023
Codere Posts Strong Full Year 2022 Financial Results
The leading multinational gambling operator, Grupo Codere, released its latest trading update Thursday. The company confirmed it enjoyed strong growth in 2022, impacted positively by lifting COVID-related restrictions. As with most entertainment and gambling operators, 2021 wasn’t the best year. This was the period after nearly a full year of the COVID-19 pandemic so there […]
Sports
January 26, 2023
Codere to Sponsor Club Atlético Lanús
Codere, a multinational gaming and sports betting leader, unveiled a new agreement with Club Atlético Lanús, a sports club from Buenos Aires, Argentina. Codere will sponsor the team, which will promote the operator in turn. The Operator Resumed Its Sponsorship of Club Atlético Lanús As agreed, Club Atlético Lanús’ players will bear Codere-Bingo Lanús’ logo […]
Business
January 20, 2023
Nueva Codere’s Subsidiary Loses $805,000 After Cyberattack
The commission which is meant to keep investors safe while maintaining fairness, order, and efficiency in all markets has received the news of the cybernetic attack on Codere Online along with the reasons that lead to it. Hackers Pretended to be Codere Online Agents According to the report received by the SEC, a number of […]
