Codere Online is a leading online sports betting and casino operator that launched in 2014 as part of the renowned Codere Group. With its state-of-the-art website and mobile applications, Codere Online operates in Spain and several high-growth core markets in Latin America, including Mexico, Colombia, Panama, and the City of Buenos Aires in Argentina. On December 1, 2021, Codere Online became the first publicly traded gaming operator in Latin America, trading on Nasdaq under the ticker CDRO.
As an official betting partner of Real Madrid in Latin America and Rayados de Monterrey in Mexico, Codere Online has established itself as a trusted and reputable brand in the region. Its online business is complemented by the physical presence of Codere Group, which has been a leading player in the private gaming industry for over four decades. Codere Group operates in seven countries across Europe (Spain and Italy) and Latin America (Argentina, Colombia, Mexico, Panama, and Uruguay), forming the foundation of the leading omnichannel gaming and casino presence in the region.
With our commitment to providing the best online gaming and sports betting experience, Codere Online is poised for continued growth and success in the Latin American market.
Mission:
Our mission is to become the leading online gaming and sports betting operator in Latin America.
Plan:
- Leverage our online business in Spain and Mexico to expand in high-growth core LatAm markets, including Colombia, Panama, and the City of Buenos Aires in Argentina.
- Enter expansion LatAm markets as they become regulated, including Brazil, Chile, Peru, Puerto Rico, Uruguay, and other regions in Argentina and also explore options to access the large US Hispanic market.
Tailwinds:
We are well-positioned for success in the Latin American market due to the following tailwinds:
- Favorable demographic trends in LatAm
- Omnichannel strategy
- Market expertise
- First-mover advantage
- Strong brand