Codere maintains top 100 place in Brand Finance ranking of Spain’s most valuable brands
2024年6月17日 - 11:37PM
Madrid, Spain, June 17, 2024 – (GLOBE NEWSWIRE)
Codere Online (Nasdaq: CDRO / CDROW, the “Company”), today
announced that the Codere brand1 has been ranked 85th among the 100
most valuable brands in Brand Finance Spain’s 2024 ranking.
It marks the twelfth time since 2010 that the Codere brand has
received this recognition in its home market, alongside global
conglomerates such as Santander, Seat, and San Miguel. Most
notably, it is the only company in the gaming industry to be
included in the ranking.
The recognition is the latest milestone in a strong year for the
Company, which has enjoyed strong financial results both across its
Spanish and Mexican operations.
Alberto Telias, Chief Marketing Officer of
Codere Online, stated: “We are extremely pleased to once again be
named in the top 100 most valuable brands in Spain, in what is now
the eighth consecutive year. Spain will always be our home market,
and retaining our reputation as a key brand in this market despite
our growing global footprint makes us very proud.”
Codere Online started operations in Spain in 2014. In the twelve
months ended March 31, 2024, the Company generated nearly 80
million euros of net gaming revenue and over 28 million euros of
Adj. EBITDA in Spain, further cementing a path to profitability
that the Company is seeking to replicate across its high-growth
Latin American markets.
***ENDS***
About Codere Online Codere Online refers,
collectively, to Codere Online Luxembourg, S.A. and its
subsidiaries. Codere Online launched in 2014 as part of the
renowned casino operator Codere Group. Codere Online offers online
sports betting and online casino through its state-of-the art
website and mobile applications. Codere currently operates in its
core markets of Spain, Mexico, Colombia, Panama and the City of
Buenos Aires (Argentina). Codere Online’s online business is
complemented by Codere Group’s physical presence in Spain and
throughout Latin America, forming the foundation of the leading
omnichannel gaming and casino presence.
About Codere GroupCodere Group
is a multinational group devoted to entertainment and leisure. It
is a leading player in the private gaming industry, with four
decades of experience and with presence in seven countries in
Europe (Spain and Italy) and Latin America (Argentina, Colombia,
Mexico, Panama, and Uruguay).
Contacts:
Investors and MediaGuillermo
Lancha Director, Investor Relations and
CommunicationsGuillermo.Lancha@codere.com(+34) 628 928 152
1 Pursuant to the terms of a relationship and license agreement,
Codere Group granted Codere Online a license to use certain
“Codere” trademarks.