Codere Online confirms CEO departure as results are reported for first year on Nasdaq

Codere Online confirms CEO departure as results are reported for first year on Nasdaq

Article brief provided by SBC News
  • Ted Menmuir, SBC News
March 1, 2023 8:18 PM

Codere Online has announced that Moshe Edree has chosen to step down as CEO of the Global Nasdaq Spanish online gambling group.

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The disclosure follows Codere Online announcing its Q4 results, which saw the company complete its first full-year trading as a Global Nasdaq business.

A ‘better than expected’ Q4 trading period saw Codere Online generate period revenues of €34m, helping FY2022 NGR stand at €128m – results reflecting a 48% increase on FY2021 NGR of €83m.

Headline growth accounted for peak player activity achieved in the Latin American markets of Colombia and Mexico, as Q4 trading saw Codere Online grow its active player base to 142,000 (+54%).