Madrid, Spain and Tel Aviv, Israel, July 10, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (Nasdaq: CDRO / CDROW) (the “Company” or “Codere Online”) a leading online gaming operator in Spain and Latin America, today announced that it will release its second quarter 2025 results prior to 8:30AM US Eastern Time on July 31, 2025. At 8:30AM US Eastern Time on the same day, Codere Online’s management will host a conference call to discuss the results and provide a business update. The Company’s earnings ...

Core Insights - Codere Online has improved its brand ranking in Spain, moving from 85 in 2024 to 77 in 2025 according to Brand Finance [1] - The company remains the only gaming brand in the Top 100 most valuable brands in Spain, highlighting its leadership in the sector [2] - Codere Online has expanded its operations in Spain and Mexico, leveraging partnerships with major football clubs to enhance brand awareness [3] Company Performance - In the twelve months ending March 31, 2025, Codere Online generated over 87 million euros in net gaming revenue in Spain, with an average of more than 50,000 monthly active players [4] - Codere Online operates in multiple countries including Spain, Mexico, Colombia, Panama, and Argentina, providing online sports betting and casino services [5] Company Background - Codere Online is part of the Codere Group, a multinational entertainment and leisure company with over four decades of experience in the private gaming industry [6]

Company Overview - Codere Online is a leading online gaming operator in Spain and Latin America, operating under Nasdaq: CDRO / CDROW [1] - The company offers online sports betting and casino services through its advanced website and mobile applications, with a presence in Spain, Mexico, Colombia, Panama, and Argentina [7] Annual General Meeting (AGM) Highlights - The AGM held on June 30, 2025, resulted in the favorable resolution of all 24 agenda items, including the confirmation and renewal of all currently serving Board members, maintaining the existing Board composition [1] - A.G. Burnett was appointed as Chairman of the Compliance Committee, effective July 1, 2025, succeeding Mark Dunn [3][6] Board of Directors - A.G. Burnett brings over 20 years of experience in gaming regulation and law, having previously served as Chairman and Executive Director of the Nevada Gaming Control Board from 2012 to 2017 [4] - Burnett is recognized for his expertise in gaming law, regulatory compliance, and sports betting law, and currently advises gaming clients at McDonald Carano [5] Codere Group Background - Codere Group is a multinational entertainment and leisure company with four decades of experience in the private gaming industry, operating in seven countries across Europe and Latin America [8]

Core Points - Codere Online has regained compliance with Nasdaq Listing Rule 5250(c)(1) and will continue to be listed on the Nasdaq Capital Market, avoiding delisting [1][2] - The compliance confirmation follows the filing of the annual report on Form 20-F for the year ended December 31, 2024, with the SEC on June 2, 2025 [2] - Nasdaq has canceled the hearing requested on May 22 regarding the delisting determination [2] Company Overview - Codere Online is a leading online gaming operator in Spain and Latin America, launched in 2014 as part of the Codere Group [3] - The company offers online sports betting and casino services through its website and mobile applications, operating in Spain, Mexico, Colombia, Panama, and Argentina [3] - Codere Online's online business is supported by the physical presence of Codere Group throughout Latin America, establishing a strong omnichannel gaming presence [3]

Core Viewpoint - Codere Online has filed its annual report on form 20-F for the year ended December 31, 2024, with the SEC, indicating a step towards compliance with Nasdaq Listing Rule 5250(c)(1) [1][2]. Company Overview - Codere Online is a leading online gaming operator in Spain and Latin America, launched in 2014 as part of the Codere Group, which is known for its casino operations [5]. - The company offers online sports betting and casino services through its website and mobile applications, operating in key markets including Spain, Mexico, Colombia, Panama, and Argentina [5]. Compliance and Regulatory Updates - By filing the 2024 20-F, the company believes it has regained compliance with Nasdaq Listing Rule 5250(c)(1), which may eliminate the need for a hearing regarding a delisting determination [2]. - The company is awaiting formal confirmation from Nasdaq regarding its compliance status [2]. Environmental Considerations - To reduce environmental impact, the company encourages shareholders to read the annual report in digital format, although hard copies are available upon request [4].

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Group 1 - Argus Research reaffirms a revenue forecast of $200 million for Golden Matrix Group Inc. (GMGI) in 2025, indicating significant upside potential relative to current trading levels [1][7] - The forecast is supported by new market entries and the performance of AI-driven platforms, suggesting continued revenue growth and operational expansion across key global markets [1][7] - Golden Matrix Group operates as a B2B and B2C gaming technology company, developing proprietary gaming platforms and operating regulated online sports betting and gaming sites [4]

Core Viewpoint - DraftKings has lowered its revenue guidance for 2025 and missed first-quarter revenue estimates, but the company still shows potential for growth despite recent challenges [4][5][10]. Group 1: Financial Performance - DraftKings reported revenue of just over $1.4 billion for the first quarter, reflecting a growth rate of 20%, which was slightly below the nearly 22% growth anticipated by analysts [4]. - The company has lowered its revenue guidance for 2025 to approximately $6.3 billion, a decrease of $150 million from previous estimates [5]. - Monthly unique payers (MUPs) have increased significantly from about 900,000 at the end of 2020 to 4.3 million in the most recent quarter, indicating strong user growth [2][13]. Group 2: Market Reactions and Analyst Outlook - Despite the lowered guidance, DraftKings' stock rose over 2% after the earnings release, suggesting that investor sentiment remains relatively stable [11]. - The average drop in price targets among analysts was less than 1%, with new price targets averaging over $55 per share, indicating a potential upside of 55% compared to the closing price on May 21 [12]. - Analysts maintain a Moderate Buy rating for DraftKings, reflecting confidence in the company's long-term prospects despite recent setbacks [15]. Group 3: Industry Context and Future Potential - The March Madness betting outcomes negatively impacted DraftKings, as higher-seeded teams won 82% of the time, leading to significant losses for the company [10]. - The company expects its adjusted gross margin to increase by 300 basis points in 2025 compared to 2024, indicating potential for improved profitability [13]. - DraftKings currently operates online sports betting in about half of the U.S. states, presenting substantial opportunities for future expansion [14].

Core Insights - Codere Online has launched a commemorative jersey for Club de Futbol Monterrey as part of the club's 80th Anniversary celebrations and its participation in the 2025 Club World Cup [1][7] - The Codere logo will be prominently displayed on the front of the Monterrey Football Club's jersey during the tournament, which features 32 teams [2] - An advertising campaign will be initiated by Codere Online and Rayados to promote the tournament and the club's anniversary across various media channels [3] Company and Industry Overview - Codere Online is a leading online gaming operator in Spain and Latin America, offering online sports betting and casino services through its website and mobile applications [9] - The company operates in key markets including Spain, Mexico, Colombia, Panama, and Argentina, and is part of the Codere Group, which has a strong physical presence in these regions [9][10] - Codere Group has over four decades of experience in the entertainment and leisure industry, being a significant player in the private gaming sector across Europe and Latin America [10]

Core Insights - Codere Online reported a strong start to 2025, with net gaming revenue reaching €57.0 million in Q1, an 8% increase year-over-year [3][5] - The company is on track to meet its 2025 net gaming revenue outlook of €220-230 million and adjusted EBITDA outlook of €10-15 million [4][5] Financial Performance - Total revenue for Q1 2025 was €54.3 million, with net gaming revenue at €57.0 million, reflecting an 8% increase compared to Q1 2024 [5][8] - In Mexico, net gaming revenue grew by 15% to €30.5 million, while Spain saw a slight decline to €21.9 million, down 2% [2][3] - The average monthly active players increased by 13% to 161.3 thousand, with significant growth in Mexico at 31% [2][3] Operational Metrics - The total cash position as of March 31, 2025, was €41.8 million [5] - The company repurchased $0.5 million of its shares under a $5.0 million share buyback plan [5][9] Compliance and Governance - Codere Online regained compliance with Nasdaq listing requirements as of May 15, 2025 [9] - The company is actively working to complete the audit of its 2024 financial accounts and expects to file the 2024 annual report by the end of May 2025 [9]