Codere Online Luxembourg, S.A. CDRO

Company Overview

Codere Online Luxembourg, S.A. is an online gaming and sports betting company that operates primarily in regulated markets across Spain, Mexico, and select Latin American jurisdictions. The company provides digital wagering services through its proprietary online platforms, offering sports betting and online casino products to retail customers. It operates within the broader online gambling and interactive entertainment industry, focusing on regulated markets where online gaming frameworks are established or emerging.

The company’s core revenue drivers are online sports betting and online casino gaming, with soccer-related wagering representing a significant portion of betting activity, particularly in Spain and Latin America. Codere Online is positioned as a digital extension of the legacy Codere Group, a well-known gaming operator founded in 1980, leveraging brand recognition, customer databases, and operational expertise developed through decades of land-based gaming operations. Codere Online was formed as a separate online-focused entity and became a publicly traded company in 2021 following a business combination with a special purpose acquisition company.