Codere Online Moves Forward with Nasdaq Listing and Earnings
Codere Online Makes Headway with Nasdaq Listing
Recently, Codere Online Luxembourg, S.A. (Nasdaq: CDRO / CDROW) announced a significant development regarding its listing on the Nasdaq Stock Market. The company, which has established itself as a prominent online gaming operator in Spain and Latin America, received positive news from the Nasdaq Hearings Panel. This panel granted the company a much-needed extension allowing it to maintain its listing, contingent upon submitting the annual report on Form 20-F by mid-May.
Details of the Extension Approval
On February 12, a letter was sent to Codere Online confirming the Panel’s decision, following a hearing that took place in mid-January. During this hearing, Codere Online presented its strategic plan to regain compliance with Nasdaq's Listing Rule 5250(c)(1). The company's executives expressed confidence in their ability to meet the requirements and have engaged vigorously with a newly appointed auditor to ensure the timely filing of the 2023 Annual Report.
Importance of Compliance
Regaining compliance with the Nasdaq rules is a critical step for any publicly traded company, as it directly impacts their market reputation and investor confidence. Codere Online is committed to fulfilling these regulatory requirements to reassure its shareholders and stakeholders of its ongoing viability and growth in the dynamic gaming sector.
Upcoming Earnings Report Announcement
In light of these recent developments, Codere Online is also preparing to announce its financial results for the fourth quarter of 2024. Scheduled for release before 8:30 AM US Eastern Time on February 20, 2025, this earnings report will provide investors with insights into the company's performance and strategies moving forward. Following the earnings announcement, management will host a conference call at 8:30 AM to discuss the findings and outline future business plans.
Conference Call Access
Investors are encouraged to participate in the conference call, details of which are made accessible through the company's website. A recording will be available shortly after the live event, allowing all interested parties to catch up on the key points discussed.
About Codere Online: A Leader in the Gaming Industry
Founded in 2014 as an extension of the renowned Codere Group, Codere Online has rapidly become a leader in the online gaming industry. The company specializes in online sports betting and casino games, offering a sophisticated platform that enhances the gaming experience for users. It operates not only in Spain but also in other core markets across Latin America, including Mexico, Colombia, Panama, and Argentina.
Omnichannel Presence
Codere Online's success can be attributed to its strong omnichannel strategy, which integrates its digital offerings with physical locations operated by Codere Group. This unique combination allows the company to deliver a seamless gaming experience to its customers, significantly enhancing brand loyalty and customer engagement.
Investor and Media Relations
To keep investors and media stakeholders informed, Codere Online maintains open lines of communication. Guillermo Lancha, Director of Investor Relations and Communications, is the primary contact for inquiries regarding the company's updates and performance, providing timely and relevant information to both parties.
Contact Details
Should anyone wish to reach out for further details, Guillermo is available at Guillermo.Lancha@codereonline.com or can be contacted directly at (+34) 628.928.152. This openness strengthens relationships with investors, confirming Codere Online's commitment to transparency.
Frequently Asked Questions
What is the significance of Codere Online's Nasdaq extension?
The extension allows Codere Online to maintain its stock listing while ensuring compliance with regulatory requirements, enhancing investor confidence.
When will Codere Online announce its Q4-2024 earnings?
The earnings report is scheduled for release on February 20, 2025, prior to the market opening.
How does Codere Online enhance its customer experience?
Codere Online utilizes a sophisticated platform that integrates both online and physical gaming experiences, ensuring a seamless environment for users.
Who should I contact for investor inquiries?
Guillermo Lancha, the Director of Investor Relations, is the designated contact for any investor or media inquiries at Codere Online.
What regions does Codere Online operate in?
Codere Online operates primarily in Spain, Mexico, Colombia, Panama, and Argentina, catering to diverse gaming markets.
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