Tag Archives: Codere online

Codere Online has successfully achieved its objective of returning to profitability, as leadership reassures investors that the company will maintain its shareholding uninterrupted on the Global Nasdaq exchange. Publishing its Q4 and 2024 results, Codere Online registered full-year corporate revenues of €211m, up 23% on FY2023 comparatives of €172m. Maintaining the KPI of average active monthly players in Spain of …

Codere Online has been granted an extension to maintain its PLC listing on the Nasdaq Stock Market, provided that it submits its outstanding financial audit for the year 2023. The update informed investors that the Panel of the Nasdaq Stock Exchange will allow Codere to maintain its listing on the condition that it submits its audit for FY2023 accounts by …

Codere Online must address its urgent corporate liabilities to maintain its status as a Nasdaq-listed enterprise. The warning comes as the Global Nasdaq Exchange notified markets that, on 20 December, Marcum LLP had resigned as the independent auditor of Codere Online, a company that has yet to file its corporate accounts for the year ending 31 December 2023. Marcum resigned …

Codere Online trades uninterrupted despite the threat of its securities being delisted from the Global Nasdaq exchange. Publishing its Q3 trading statement, the Spanish online gambling group expects to “finish the year in the upper part of both the full-year 2024 net gaming revenue outlook of €205–215m and Adjusted EBITDA3 outlook of positive €2.5–7.5m.” Confidence is bolstered by strong Q3 …

Codere Online has received a warning from the Nasdaq Exchange regarding the potential delisting of its securities. Nasdaq cited Codere Online’s failure to meet its listing obligations, specifically its inability to file a Form 20-F providing corporate accounts for the year ending 31 December 2023. This constitutes a violation of Nasdaq’s Listing Rule 5250. As a result, Codere has been …

Codere Online has seen net gaming revenue gains across all its segments in the second quarter of 2024, with average monthly active players rising in both Spain and Mexico. Following the “solid performance” in the first six months of the year, CFO Oscar Iglesias has stated that the operator has raised its full year outlook for 2024 once again. Publishing its financial results, Codere …

Codere Online has appointed three new members to its Board of Directors. Codere, which operates mainly in Spain and Latin America, as well as other EU markets, has brought in Gabriel Saenz de Buruaga, Taavi Davies and Claude Noesen for an initial term of one year. They are replacing Patrick Ramsey, Michal Elimelech and Laurent Teitgen. Codere Group CEO, Gonzaga …

Codere Online is leveraging its portfolio of sports sponsorship to continue to boost growth in Spanish speaking markets. The operator has gone from its founding location in Spain, to Argentina and Mexico. Notably, the firm holds a partnership with Mexico’s Club de Fútbol Monterrey, known as Rayodas – a deal that was extended and enhanced earlier this year. Speaking to …

Codere Online has informed the Securities and Exchange Commission (SEC) that it risks expulsion from the US Global Nasdaq index. On May 20, the company received a warning letter from the Nasdaq Stock Market for not submitting its 2023 accounts on time. As a result, Codere Online does not meet the standard requirements to continue trading on the US stock …

Codere SA has notified investors that Francesco Quacquarelli has been appointed as Chief Security Officer of the Spain and LatAm markets gambling group. The position has been authorised by new Chief Executive Gonzaga Higuero, who leads Codere’s ‘2024-to-2027’ corporate recovery strategy to return the heritage Spanish gambling group back to shareholder profits. An expert in developing and securing IT systems …