Codere Online Luxembourg, S.A.

Codere Online Luxembourg, S.A. is an international online casino gaming and online sports betting group dedicated to providing a safe and enjoyable online gaming experience to its customers. The company was launched in 2014 as part of the renowned Codere Group and was incorporated as an independent entity in 2021. Its corporate headquarters are located in Luxembourg, Luxembourg, with its leadership team primarily based in Madrid, Spain, and Tel Aviv, Israel.

Codere Online offers a comprehensive suite of online casino games, including slot machines, table games, and bingo, alongside online sports betting services through its website and mobile applications. The company operates in key markets such as Spain, Mexico, Colombia, Panama, and Argentina, with Mexico being a significant revenue driver. Its online operations are complemented by the Codere Group's physical presence across Spain and Latin America, fostering an omnichannel gaming experience. Codere Online also serves as the official betting partner for prominent sports entities like Real Madrid in Latin America, River Plate in Argentina, and Monterrey Rayados in Mexico.

Led by CEO Aviv Sher, appointed in March 2023, and CFO Marcus Arildsson, appointed in November 2025, Codere Online maintains a strong market position as a leading online gaming operator in Spain and Latin America. The company reported robust financial results for Q1 2026, with net gaming revenue reaching €64.4 million, a 13% year-over-year increase, and Adjusted EBITDA of €6.0 million. It has maintained its full-year 2026 outlook, projecting net gaming revenue between €235-245 million and Adjusted EBITDA of €15-20 million. Recent corporate activities include shareholder approval for the appointment of Oscar Iglesias to the Board of Directors and an extension of the share repurchase authorization.