As an integral part of the broader Codere Group, a major player in the European and Latin American gambling sectors, the company focuses on leveraging digital platforms to reach new markets and audiences. The company is positioned across regulated European and Latin American markets with an omnichannel operating model.
Cyborg Score Rationale
The stock has a price-to-earnings ratio of -218.35, indicating unprofitability. The company is trading at 87% below estimates of fair value. However, the company operates in growing regulated markets with diversified geographic exposure.
Top Insights
Codere Newco, the majority shareholder, owns approximately 66.0% of issued and outstanding ordinary shares as of May 29, 2026
Delivers an array of online gaming services including casino games, sports betting, and horse racing
Warrants expire on November 30, 2026 with an exercise price of $11.50 per share
Market cap of approximately $420.66 million as of May 16, 2026
Named Competitors
BetMGM — Online sports betting and casino gaming
FanDuel — Online sports betting and gaming
DraftKings — Online sports betting and iGaming platform
PokerStars — Online poker and gaming services
Recent Developments
(June 2026) Share price of $9.70 as of June 9, 2026
(May 2026) Codere Newco holds 66% ownership with 45.5 million ordinary shares outstanding as of May 29, 2026
(May 2026) Warrants with $11.50 exercise price scheduled to expire on November 30, 2026
Open the full interactive Codere Online Luxembourg, S.A. report
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