Codere Online struck out alone in 2021, becoming the first LatAm-facing igaming operator to list on a US stock exchange. As a wave of regulation sweeps the continent, how is new CEO Aviv Sher preparing to take advantage?
Amid the root-and-branch restructuring endured by Codere in 2021 its digital business prepared for life as a separate entity. A combination with special purpose acquisition company (SPAC) DD3 Acquisition Corp led to a Nasdaq listing and a new future as a standalone operation.
As an entity targeting the regulated Latin American igaming market, Codere Online’s options were limited.
Aside from Colombia, where it faces fierce competition, prospects were sparse.
