Codere Online Luxembourg Sa (CDROW) Stock News

Codere Online (NASDAQ: CDRO), a prominent online gaming operator in Spain and Latin America, has scheduled its second quarter 2025 financial results release for July 31, 2025, before 8:30 AM ET.

The company will host a conference call and webcast at 8:30 AM ET on the same day, where management will discuss the quarterly results and provide a business update. All materials, including the earnings release, dial-in details, and webcast registration link, will be available on the company's website at www.codereonline.com in the Events & Presentations section.

Codere Online (Nasdaq: CDRO), a prominent online gaming operator in Spain and Latin America, has improved its position in Brand Finance's ranking of Spain's most valuable brands, moving up to 77th place from 85th in 2024. The company remains the only gaming brand on the prestigious list since 2010, alongside major Spanish brands like Zara and Movistar.

The company's success is supported by strategic partnerships with Real Madrid and C.F. Monterrey, including activations around the FIFA Club World Cup. In Spain, where operations began in 2014, Codere Online generated over €87 million in net gaming revenue for the twelve months ended March 31, 2025, serving more than 50,000 average monthly active players.

Codere Online (Nasdaq: CDRO), a prominent online gaming operator in Spain and Latin America, has announced two significant corporate governance updates. First, shareholders approved all 24 agenda items at the Annual General Meeting (AGM), including the confirmation and renewal of all current Board members.

Additionally, the company appointed A.G. Burnett as the new Chairman of the Compliance Committee, effective July 1, 2025. Burnett, a former Chairman of the Nevada Gaming Control Board (2012-2017), brings over 20 years of gaming regulation and law experience. He succeeds Mark Dunn, who has served since 2022.

Codere Online (NASDAQ: CDRO), a prominent online gaming operator in Spain and Latin America, has scheduled its 2025 Annual General Meeting of Shareholders (AGM) for June 30, 2025, at 3:00 PM CET. The meeting will take place at the company's registered office in Luxembourg. Shareholders who held shares as of June 4, 2025, are eligible to attend and vote at the AGM. The company has made all relevant meeting materials, including the agenda, proposed resolutions, and voting instructions, available on their website's Shareholders Meetings section and has submitted them to the SEC via Form 6-K.

Codere Online (NASDAQ: CDRO) has successfully regained compliance with Nasdaq's listing requirements after filing its 2024 annual report on Form 20-F with the SEC on June 2, 2025. The online gaming operator, which focuses on Spanish and Latin American markets, received formal confirmation from Nasdaq that it now meets Rule 5250(c)(1) requirements. As a result, CDRO's securities will continue trading on the Nasdaq Capital Market, and the previously scheduled delisting review hearing for May 22nd has been cancelled. This development ensures the company maintains its position on the major exchange without risk of delisting.

Codere Online (NASDAQ: CDRO), a prominent online gaming operator in Spain and Latin America, has filed its 2024 annual report (Form 20-F) with the SEC. The filing is expected to resolve the company's compliance issues with Nasdaq Listing Rule 5250(c)(1), following a delisting determination received on May 16th. The company anticipates that its previously scheduled delisting hearing requested on May 22nd will no longer be necessary, pending Nasdaq's formal confirmation. The 2024 20-F report is available digitally on Codere Online's website, with hard copies available upon request to shareholders.

Codere Online (NASDAQ: CDRO) has received a delisting notice from Nasdaq on May 16, 2025, due to failing to file its 2024 Form 20-F on time. The delay stems from the extended audit process following the engagement of a new accounting firm on December 31, 2024. The company has formally requested a hearing to review the delisting determination and a stay of trading suspension. If Nasdaq doesn't grant the additional trading suspension stay, CDRO's trading will be suspended on June 6, 2025. Codere Online expects to file the 2024 Form 20-F and regain compliance by May 30, 2025, before any hearing. The company recently filed its 2023 Form 20-F on May 1, 2025.

Codere Online (NASDAQ: CDRO), a prominent online gaming operator in Spain and Latin America, has unveiled a commemorative jersey for Club de Futbol Monterrey's participation in the 2025 FIFA Club World Cup. The special edition kit, coinciding with the club's 80th anniversary, will feature Codere's logo exclusively on the front during the 32-team tournament. The partnership, now in its fourth year, includes an advertising campaign and unique fan experiences. To mark the announcement, the NASDAQ Tower in Times Square will display promotional content hourly throughout the day.

Alberto Telias, Codere Online's CMO, highlighted the company's pride in supporting Monterrey's growth, noting that Codere.mx has become a leading online gaming operator in Mexico. Pedro Esquivel, Monterrey's Executive President, emphasized the significance of having an internationally renowned sponsor for this important tournament.

Codere Online (NASDAQ: CDRO) reported its Q1 2025 financial results, with total revenue reaching €54.3 million and net gaming revenue of €57.0 million, up 8% year-over-year (17% in constant currency). Mexico showed strong performance with net gaming revenue of €30.5 million, up 15% YoY despite peso devaluation. The company reported a net loss of €0.7 million compared to €3.4 million net income in Q1 2024. Monthly active players increased 13% to 161,300. Management reiterated its 2025 outlook of €220-230 million in net gaming revenue and €10-15 million in Adj. EBITDA. The company has repurchased $0.5 million worth of shares under its $5.0 million buyback plan and is working to maintain Nasdaq listing compliance.