Codere Online Luxembourg, S.A.CDRO
What Codere Online Luxembourg, S.A. does.
Codere Online is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. Codere Online currently operates primarily in Spain, Mexico, Colombia, Panama and Argentina, where it offers its users the ability to play online casino games and bet on sports events. Codere Online seeks to innovate and expand its product offering on its established and flexible technology platform as it pursues its vision to be a leading online casino gaming and online sports betting operator in Latin America. Codere Online maintains a wide and updated catalogue of online casino games from multiple third-party content providers.
As part of the Codere Group, Codere Online leverages the “Codere” brand, a well-recognized brand in the gaming industry across Spain and Latin America, by providing customers with an online gaming experience consistent with the Codere Group’s retail footprint. The Codere Group is a leading international gaming operator founded in 1980 with a presence across Spain and Latin America, including in all of the markets where Codere Online operates.
In 2014, the Codere Group entered into the online gaming business in Spain to pursue new avenues of growth and diversification of its revenue streams, first through Desarrollo Online de Juegos Regulados, S.A. and CDON, and Codere Apuestas, S.A.U. in Madrid, Spain, and afterwards independently through CDON, which was created to lead the Codere Group’s expansion into the online casino gaming and online sports betting markets beyond Spain. To enhance its business, in 2018, the Codere Group recruited an experienced online management team led by industry veteran Moshe Edree with top tier online casino gaming and online sports betting expertise. Mr. Edree was replaced by former Chief Operating Officer Aviv Sher on March 1, 2023. As of December 31, 2025, Codere Online had approximately 369 employees, including directors, intermediate managers, technicians and administrative personnel based in Spain, Mexico, Colombia, Panama, Argentina and Israel. Codere Online operates under the “Codere” brand across all of its markets.
Revenue and profit, by fiscal year.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenue | $61.6M | $70.5M | $80.3M | $115.7M | $161.6M | $200.7M |
| Net income | -$16.2M | -$16.3M | -$68.1M | -$46.4M | -$2.4M | $3.9M |
More on CDRO.
- Codere Online Luxembourg, S.A. summary
- Codere Online Luxembourg, S.A. financial statements
- Codere Online Luxembourg, S.A. key metrics
- Codere Online Luxembourg, S.A. health scores and style box
- Codere Online Luxembourg, S.A. earnings
- Codere Online Luxembourg, S.A. dividends
- Codere Online Luxembourg, S.A. valuation
- Codere Online Luxembourg, S.A. ownership and insiders
- Codere Online Luxembourg, S.A. peers
Figures from Codere Online Luxembourg, S.A.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.