Codere Online

Company Background

Codere Online grew out of Codere, a Spanish gambling group founded in 1980 in Madrid. For decades the parent company built a dominant presence in land-based gaming, expanding across Spain, Italy and Latin America with casinos, betting shops, gaming halls and bingo venues.

As online gambling reshaped the industry, Codere introduced its digital division in the mid-2010s. The decisive step came in 2021, when the online business was carved out into a new corporate structure — Codere Online Luxembourg, S.A. — dedicated entirely to digital operations. In the same year, the company made its debut on Nasdaq under the ticker CDRO, giving the online arm financial and operational independence from the legacy retail business.

Ownership Structure And Leadership

Codere Online operates as a standalone entity within the wider Codere ecosystem. Its majority shareholder is Codere New TopCo S.A., while the company itself follows public-market governance standards, including independent board oversight and transparent reporting.

The business is led by CEO Aviv Sher, an executive with extensive experience in digital gaming.

Headquarters

The company is headquartered in Luxembourg, with operational teams distributed across Europe and Latin America. Offices supporting product development, marketing, compliance and customer operations are aligned with the jurisdictions in which the company operates. This decentralised structure keeps the core organisation agile while ensuring local teams remain close to regulatory and market realities.

Product Portfolio

Codere Online offers a full-service online casino featuring slots, table games, live dealer titles and online bingo. Its sportsbook covers major global competitions as well as regionally popular events, with both pre-match and live betting available on desktop and mobile.

The online brand carries the heritage of Codere’s land-based reputation, which strengthens customer trust in markets where both digital and retail activities coexist.

Market Presence

Codere Online focuses exclusively on regulated or licensing-based jurisdictions.

Spain remains a key European market, supported by strong brand recognition. The company has also developed a sizeable presence in Latin America, where it operates in Mexico, Colombia, Panama and the City of Buenos Aires. These markets form the backbone of its growth strategy thanks to their scale, regulatory clarity and cultural fit with the Codere brand.

In Europe, the Codere ecosystem expanded digitally into Italy through a regulated online launch, reinforcing the group’s footprint in one of Europe’s most competitive gambling markets.