Tag Archives: Codere online

Codere underscores ‘ambitious expansion plan’ upon making Nasdaq debut

Codere Online has made its entry on the Nasdaq stock exchange, following the conclusion of its merger with SPAC DD3 Acquisition Corp. II, becoming the first listed wagering firm for Latin American markets.  The shares and warrants  of Codere Online will be listed on the Global Nasdaq stock market under the “CDRO” and “CDROW” tickers respectively. Codere Online predicts that …

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Codere Online finalises merger with DD3 whilst making new board appointment

Codere Online has completed its merger with DD3 Acquisition Corp, following the approval of the latter’s stakeholders in 18 November, whilst also announcing the appointment of Patrick Ramsey to its board. The Latin America-focused online sports betting and casino gaming operator predicts that the finalised transaction will result in gross proceeds of approximately $116 million, or approximately $103 million net …

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Codere Online elects board nominations ahead of full divestment 

DD3 Acquisition Corp, the SPAC vehicle that intends to merge with Codere Online to become the first Spanish language markets wagering business listed on the US Nasdaq, has disclosed the company’s first executive directorship appointments. Maintaining schedules, DD3 and Codere Online are expected to merge on Thursday 18 November – following the conclusion of a shareholders meeting to finalise the …

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Codere moves Real Madrid partnership to LatAm horizons

Grupo Codere SA will serve as the South American betting partner of Real Madrid FC for a period of five seasons, maintaining the Spanish gambling group’s longest-serving sponsorship.    Since 2016, Codere has served as the official betting partner of Real Madrid, primarily using the Spanish Giant’s brand and players to promote its Codere Apuestas sportsbook brand across Spain and the …

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Codere Online maintains growth momentum as SPAC IPO approaches

Codere Online has reported strong revenue trends in key global markets, after the online sports betting and igaming firm documented its second quarter performance after entering into a business combination agreement with DD3 Acquisition Corp. The online gaming subsidiary of casino operator Codere Group entered into the deal with the publicly traded special purpose acquisition company in June. The transaction, valued …

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Codere H1 dragged by continued global pandemic headwinds

Codere SA continues to mitigate the impact of COVID-19 pandemic restrictions on its business lines, as the Bolsa Madrid group prepares to divest its Codere online subsidiary. Publishing its results for the first half of 2021, following approval from its board of directors, Codere revealed the company turned over €266m, a 16 per cent decrease compared to the previous year. …

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Codere files Nasdaq listing plan for online business

The board of Codere SA has filed an F-4 ‘preliminary registration statement’ with the US Securities and Exchange Commission (SEC) putting forward its prospectus to list its ‘Codere Online’ business on the US Nasdaq.  The registration sees Codere advance its plans to divest its Codere Online unit by merging with DD3 Acquisition Corp – a SPAC led by former Goldman …

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Codere strengthens LatAm visibility with River Plate partnership

Codere has strengthened its sports marketing activities in the Latin American market following an agreement with prominent Argentinian football team Club Atlético River Plate. The four-year deal will see the sports betting operator become the official betting partner of the Primera División team, whilst also gaining visibility via shirt sleeve branding for the initial stages of the deal. Expansion of …

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Codere spins online unit to DD3 SPAC in pursuit of $350m Nasdaq listing

Nasdaq-listed SPAC DD3 Acquisition Corp has entered a definitive agreement to merge with ‘Codere Online’ – the online gambling subsidiary of embattled Spanish gambling group Codere SA.  Under DD3 ownership, Codere Online plans to gain a listing on the Nasdaq Exchange, as dealmakers target a $350 million (€290m) valuation for the online gambling unit, which will be separated from Codere’s …

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