Last updated on June 9th, 2025
Codere Online has confirmed that it is once again in full compliance with the Nasdaq Capital Market’s listing requirements, after the successful submission of its 2024 annual report.
The Luxembourg-based iGaming operator announced that Nasdaq has formally stopped the delisting process after accepting the company’s Form 20-F filing submitted on 2 June 2025.
Prior to this, Codere Online faced non-compliance with Nasdaq Listing Rule 5250(c)(1) due to a delay in its annual report filing with the US Securities and Exchange Commission.
This resulted in a delisting hearing request on 22 May, which has now been cancelled following the resolution of the filing issue.
As a result of this development, Codere Online’s securities will continue to trade on the Nasdaq Capital Market.
The news comes on the back of a solid Q1 2025 performance for Codere Online when the company reported an 8% year-on-year increase in net gaming revenue up to €57 million.
From here, growth in the Mexican market played a key role in this strong performance, helping the company to balance a slight decline in revenue in Spain.
Despite a small net loss of €0.7 million for the quarter, Codere Online has still managed to maintain its full-year revenue guidance of €220–230 million and expects adjusted EBITDA somewhere between €10–15 million.
In related news, Codere Online has also been actively expanding its game portfolio, with the operator recently partnering with the leading Greentube in a bid to integrate a selection of gaming titles into the Spanish market after nearly two years of technical development.
This latest development only highlights the company’s ongoing focus on strategic growth and expanding into new, regulated markets in 2025.
