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$9.40 ▼ DOWN 1.02% (−$0.10)About Codere Online Luxembourg, S.A.
https://www.codereonline.com ↗Codere Online Luxembourg, S.A. is an online casino and sports betting company operating in Spain, Italy, Mexico, Colombia, Panama, and Argentina.
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A SERVICE CODERE ONLINE LUXEMBOURG, S.A. IS KNOWN FOR
Codere Online offers a digital platform for online sports betting and casino gaming via website and mobile apps, serving Spain and Latin American markets.
Codere Online Luxembourg, S.A. in 2025
Codere Online Halts Investment in Colombia Due to New Tax, Highlighting Regulatory Risks in Key Latin American Markets
In its Q3 2025 earnings call, Codere Online announced it would cease further investment in Colombia following the government's implementation of a 19% value-added tax on online gambling deposits. This strategic decision put a spotlight on the significant regulatory and tax-related headwinds the company faces in its key Latin American growth markets, including potential tax hikes in Mexico, creating uncertainty for investors and impacting the company's long-term strategy in the region.
Codere Online Halts All Future Investment in Colombia Amid Punitive Tax Hike
In a decisive strategic shift, Codere Online announced it will cease all further investment in the Colombian market. This move is a direct response to the Colombian government's implementation of a new 19% value-added tax (VAT) on online gambling deposits, which has negatively impacted the company's profitability and revenue in the region.
RATINGS SNAPSHOT
Overall rating: C+
MOST RECENT ANALYST GRADES
SECTORS PEERS
| PEER | PRICE | |
|---|---|---|
 MOV | $33.66 | COMPARE |
 WEYS | $50.89 | COMPARE |
 BNED | $11.71 | COMPARE |
 STRT | $65.80 | COMPARE |
 JACK | $12.45 | COMPARE |
 INSE | $3.46 | COMPARE |
 TTSH | $1.95 | COMPARE |
 MSC | $1.05 | COMPARE |