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Codere Online reported a 43% increase in total net gaming revenue, reaching €21.0 million in Q2 2021, compared to €14.7 million in Q2 2020. The growth was driven by remarkable performances in Mexico and Spain, with revenues of €6.4 million and €12.6 million, representing increases of 108% and 23%, respectively. The company projects a net gaming revenue of between €81 million and €86 million for 2021, and anticipates finalizing its business combination with DD3 Acquisition Corp. II in Q4 2021.
Codere Online Luxembourg, S.A. has filed a registration statement with the SEC for a proposed business combination with DD3 Acquisition Corp. II (NASDAQ:DDMX). This merger aims to complete by Q4 2021, pending SEC approval and stockholder consent. Codere Online is a leader in online sports betting and casino operations across Latin America, enhancing its presence with physical locations. The combination will form a significant entity in the gaming industry, leveraging Codere's established market in Spain, Italy, and other regions. Shareholders are encouraged to review all related documents for comprehensive details.
Codere has entered a sponsorship agreement with Club Atlético River Plate, making it the Official Betting Partner until August 2025. This partnership, effective from August 2021, aims to enhance Codere’s brand visibility in Argentina and Latin America through various marketing actions. The collaboration aligns with Codere's goal to bolster its online sports betting business post-pandemic, following their merger agreement with DD3 Acquisition Corp. II. This strategic move positions Codere as a leader in the digital gaming sector in key markets.
Codere has secured a sponsorship agreement with Monterrey Rayados Football Club, elevating its role to the main sponsor for the next four seasons, allowing its logo to be displayed on the team's shirts. This initiative aims to bolster Codere's brand as a leading betting partner in Mexico. Additionally, Codere Online, its digital subsidiary, has launched as the first publicly-listed online gaming operator in Latin America. The partnership is expected to create joint marketing actions and enhance fan experiences, furthering Codere's growth in the region.
