Codere Online Luxembourg S.A

Codere Online Luxembourg, S.A. operates the online gambling business spun out of Codere Group, offering online sports betting and online casino wagering services across Spain, Mexico, Colombia, Panama, and Argentina. Revenue is split between online sports betting and online casino wagering, with casino wagering representing the larger share. The company operates through 8 operating and supporting entities and 2 holding companies, with its parent Codere Newco S.A.U. holding 65.9% of ordinary shares. Codere Online leverages the Codere brand and its parent group's retail gambling infrastructure — including retail sport betting terminals — to drive online customer acquisition. In September 2026, the company secured a multi-year exclusive online sportsbook sponsorship with the NFL in Mexico. The company reports under IFRS and its shares trade on U.S. exchanges under the CDRO ticker. The business has no external debt, with all financial liabilities consisting of related-party payables to Codere Group companies. The company exited operations in the Province of Mendoza, Argentina in August 2026. Updated Sep 30, 2026