Codere Online Luxembourg, S.A. operates as the digital gaming and sports betting arm of the Spanish multinational Codere Group. The company provides a comprehensive suite of online gambling products, including sports betting, online casino games, bingo, and poker, accessible via its state-of-the-art websites and mobile applications. Geographically, Codere Online focuses heavily on Spanish-speaking markets, with Spain and Mexico serving as its primary revenue drivers, accounting for the vast majority of its net gaming revenue. The company also maintains active operations in Colombia, Panama, and the City of Buenos Aires, Argentina. Codere Online's business model benefits from an omnichannel strategy, integrating its digital offerings with Codere Group's extensive physical footprint of casinos, betting shops, and gaming halls across Latin America and Europe. This localized approach, combined with targeted marketing and a localized brand presence, allows the company to navigate complex regulatory environments and compete effectively against both local incumbents and major international operators. Revenue is primarily generated from online casino operations, which contribute over 60% of total net gaming revenue, followed by sports betting.
