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Sponsorship settlement prolonged via the 2025-26 season and Codere would be the unique sports activities betting regional companion of Actual Madrid’s female and male soccer groups in Latin America.
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The settlement will increase Codere’s growth in Latin America, primarily via its on-line subsidiary, Codere On-line, by rising its scope to over twenty nations within the area.
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With this partnership, initiated in 2016, Codere and Actual Madrid reaffirm their shared values of worldwide management, honest play and excellence.
MADRID, Spain, Oct. 14, 2021 (GLOBE NEWSWIRE) — Codere, S.A. (“Codere”), a number one multinational firm working within the personal gaming sector, with greater than 40 years of expertise within the business, has signed an extension of its sponsorship settlement with Actual Madrid C.F. (“Actual Madrid”) overlaying 5 seasons, till June 2026.
With this settlement, Codere reinforces its dedication to Latin America, by increasing the geographic scope to over twenty nations within the area together with Mexico, Puerto Rico, the Dominican Republic and all of Central and South America.
The settlement covers each the core Codere On-line1 markets of Argentina (Metropolis of Buenos Aires), Colombia, Mexico and Panama, and potential future growth markets, when and in the event that they grow to be regulated, akin to Argentina (outdoors of Metropolis of Buenos Aires), Brazil, Chile, Peru, Puerto Rico and Uruguay.
This alliance between Codere and Actual Madrid, which began in 2016, is constructed upon the shared values of worldwide management, honest play and excellence, and with the target of offering our audiences with a top quality leisure expertise.
This announcement comes on the again of sponsorship offers with key soccer groups within the area, Rayados in Mexico and River Plate in Argentina, and represents a brand new step ahead within the growth of our on-line and sports activities betting enterprise in Latin America.
Vicente Di Loreto, CEO of Codere, said, “we’re thrilled with this renewed alliance with Actual Madrid, with whom we share the identical values and ambition to be the most effective at what we do, and look ahead to benefitting from the famend Actual Madrid model.”
4 many years rising in Latin America
Codere started its exercise in Latin America within the early eighties, first in Colombia, after which increasing throughout the area.
Right now, Codere is the main gaming corridor operator within the Province of Buenos Aires (Argentina), Mexico and Uruguay, and a number one on line casino operator in Panama and Colombia. It additionally presents sports activities and horse race betting in Mexico, Panama, Colombia and Uruguay.
Via Codere On-line, Codere additionally presents on-line on line casino and sports activities betting in Mexico, Colombia, Panama and the Metropolis of Buenos Aires (the place it expects to begin working earlier than the top of the yr).
Digital progress via Codere On-line
On June 22, 2021, Codere On-line2, DD3 Acquisition Corp. II (Nasdaq: DDMX) and the opposite events thereto, entered right into a enterprise mixture settlement which, amongst different issues, will make Codere On-line the primary on-line gaming operator in Latin America to be listed on a inventory market in the US. Codere On-line, which shall be majority owned and managed by Codere, intends to grow to be the main on-line gaming operator in Latin America.
For Moshe Edree, Managing Director3 of Codere On-line, “the renewal of this strategic settlement with Actual Madrid will play a key position within the deployment of our formidable growth undertaking throughout Latin America. It is not going to solely enable us to strengthen our on-line sports activities betting presence within the markets the place we function as we speak, but in addition enable us to make use of the Actual Madrid model in different high-growth Latin American markets akin to Brazil, Chile or Peru, when and in the event that they grow to be regulated.”
About Codere
Codere is a world gaming operator, with presence in seven nations in Europe –Spain and Italy– and Latin America -Argentina, Mexico, Panama, Colombia and Uruguay-, which operates slot machines, bingo seats and sports activities betting terminals with an omnichannel provide, each Via the net channel and the retail, that embrace playing halls, arcades, bars and racetracks. www.grupocodere.com
About Codere On-line
Codere On-line launched in 2014 as a part of the famend on line casino operator Codere Group. Codere On-line presents on-line sports activities betting and on-line on line casino via its state-of-the artwork web site and cellular software. Codere at the moment operates in its core markets of Spain, Italy, Mexico, Colombia and Panama and expects to begin working within the Metropolis of Buenos Aires (Argentina) in late 2021. Codere On-line’s on-line enterprise is complemented by Codere Group’s bodily presence all through Latin America, forming the inspiration of the main omnichannel gaming and on line casino presence within the area. www.codereonline.com
About Actual Madrid C.F.
Actual Madrid C.F. is a sport entity with 119 years of historical past. It’s the membership with probably the most European Cups of each soccer (13) and basketball (10) and was awarded by FIFA because the Greatest Membership of the 20th century. Actual Madrid has thousands and thousands of followers in all corners of the world, with 371 million followers on social networks, and is for the third yr in a row probably the most helpful soccer membership in Europe in keeping with The European Elite 2020 report, ready by consultancy KPMG. Actual Madrid is probably the most helpful soccer model on this planet for Model Finance for the third yr in a row and achieved the very best file within the Transparency Index of soccer golf equipment final season. Extra details about Actual Madrid C.F. is accessible at www.realmadrid.com, probably the most visited soccer membership web site for the fifth consecutive yr.
About DD3 Acquisition Corp. II
DD3 (NASDAQ: DDMX, DDMXU, DDMXW) was fashioned for the aim of getting into right into a merger, capital inventory alternate, asset acquisition, inventory buy, reorganization or different comparable enterprise mixture with a number of companies or entities. DD3’s efforts to determine a potential goal enterprise usually are not restricted to a specific business or geographic area. www.dd3.mx/en/spac
Codere with accountable gaming
Codere is firmly dedicated to the event of a gaming provide with all of the ensures for the person. With this purpose, the group carries out its exercise by implementing the most effective accountable gaming practices, selling transparency and supporting public insurance policies for the person ensures, the safety of weak teams and the sustainability of the business. In 2020, Codere Argentina was acknowledged with the SAGSE Award for the Greatest CSR Technique in Latin America for its Accountable Gaming Program.
Further Details about the Enterprise Mixture and The place to Discover It
Codere On-line Luxembourg, S.A. (“Holdco”), Servicios de Juego On-line, S.A.U. (along with its consolidated subsidiaries upon consummation of the Proposed Enterprise Mixture, “Codere On-line”), DD3 Acquisition Corp. II (“DD3”) and the opposite events thereto have entered right into a enterprise mixture settlement (the “Enterprise Mixture Settlement”) that gives for DD3 and Codere On-line to grow to be wholly-owned subsidiaries of Holdco (the “Proposed Enterprise Mixture”). In reference to the Proposed Enterprise Mixture, a registration assertion on Kind F-4 and Modification No.1 to such registration assertion on Kind F-4 (as amended, the “Kind F-4”) has been filed by Holdco with the U.S. Securities and Alternate Fee (“SEC”) that features a preliminary proxy assertion referring to DD3’s solicitation of proxies from DD3’s stockholders in reference to the Proposed Enterprise Mixture and different issues described within the Kind F-4, in addition to a preliminary prospectus of Holdco referring to the provide of the securities to be issued in reference to the completion of the Proposed Enterprise Mixture. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE FORM F-4 AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. After the Kind F-4 has been declared efficient, the definitive proxy assertion/prospectus shall be mailed to DD3’s stockholders as of a file date to be established for voting on the Proposed Enterprise Mixture. Stockholders can even have the ability to receive copies of such paperwork, with out cost, as soon as obtainable, on the SEC’s web site at www.sec.gov, or by directing a request to Codere On-line Luxembourg, S.A., 7 rue Robert Stümper, L-2557 Luxembourg, Grand Duchy of Luxembourg.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Ahead-Wanting Statements
This press launch contains “forward-looking statements” throughout the that means of the “protected harbor” provisions of the US Non-public Securities Litigation Reform Act of 1995. All statements aside from statements of historic reality contained on this press launch, together with any statements as to Holdco’s, Codere On-line’s, DD3’s or the mixed firm’s future outcomes of operations and monetary place, deliberate services, enterprise technique and plans, targets of administration for future operations, market dimension and potential progress alternatives, aggressive place, expectations and timings associated to business launches or the consummation of the Proposed Enterprise Mixture, potential advantages of the Proposed Enterprise Mixture and PIPE investments, technological and market developments and different future circumstances, are forward-looking statements. These forward-looking statements are supplied for illustrative functions solely and usually are not meant to function, and should not be relied on by any investor as, a assure, an assurance, a prediction or a definitive assertion of reality or chance. Holdco’s, Codere On-line’s, DD3’s and the mixed firm’s precise outcomes might differ from their expectations, estimates and projections and, consequently, you shouldn’t depend on these forward-looking statements as predictions of future occasions. Phrases akin to “anticipate,” “estimate,” “undertaking,” “finances,” “forecast,” “anticipate,” “intend,” “plan,” “might,” “will,” “may,” “ought to,” “imagine,” “predict,” “probably,” “potential,” “proceed,” and comparable expressions (or the destructive variations of such phrases or expressions) are meant to determine such forward-looking statements. These forward-looking statements embrace, with out limitation, Holdco’s, Codere On-line’s and DD3’s expectations with respect to the timing of the completion of the Proposed Enterprise Mixture.
These forward-looking statements contain important dangers and uncertainties that would trigger the precise outcomes to vary materially, and doubtlessly adversely, from these expressed or implied within the forward-looking statements. Most of those elements are outdoors Holdco’s, Codere On-line’s and DD3’s management and are tough to foretell. Components that will trigger such variations embrace, however usually are not restricted to: (1) the incidence of any occasion, change, or different circumstances that would give rise to the termination of the Enterprise Mixture Settlement; (2) the result of any authorized proceedings which may be instituted towards Holdco, Codere On-line and/or DD3 following the announcement of the Enterprise Mixture Settlement and the transactions contemplated therein; (3) the shortcoming to finish the Proposed Enterprise Mixture, together with as a consequence of failure to acquire approval of DD3’s stockholders, sure regulatory approvals, or fulfill different closing circumstances within the Enterprise Mixture Settlement; (4) the incidence of another occasion, change, or different circumstance that would trigger the Proposed Enterprise Mixture to fail to shut; (5) the impression of COVID-19 on Codere On-line’s enterprise and/or the power of the events to finish the Proposed Enterprise Mixture; (6) the shortcoming to acquire and/or keep the itemizing of Holdco’s unusual shares or warrants on NASDAQ following the Proposed Enterprise Mixture; (7) the danger that the Proposed Enterprise Mixture disrupts present plans and operations on account of the announcement and consummation of the Proposed Enterprise Mixture; (8) the power to acknowledge the anticipated advantages of the Proposed Enterprise Mixture, which can be affected by, amongst different issues, competitors, the power of Codere On-line and the mixed firm to develop and handle progress profitably, and retain its key staff; (9) prices associated to the Proposed Enterprise Mixture; (10) adjustments in relevant legal guidelines or laws; (11) the quantity of redemptions by DD3’s stockholders in reference to the Proposed Enterprise Mixture; and (12) the chance that Holdco, Codere On-line or DD3 could also be adversely affected by different financial, enterprise and/or aggressive elements. The foregoing checklist of things shouldn’t be unique. Further data regarding sure of those and different threat elements is contained in DD3’s most up-to-date filings with the SEC and the Kind F-4, and, after the Kind F-4 has been declared efficient by the SEC, shall be contained within the definitive proxy assertion/prospectus to be mailed to DD3’s stockholders in reference to the Proposed Enterprise Mixture. All subsequent written and oral forward-looking statements regarding Holdco, DD3, Codere On-line, the mixed firm, the Proposed Enterprise Mixture or different issues and attributable to Holdco, Codere On-line or DD3 or any particular person appearing on their behalf are expressly certified of their entirety by the cautionary statements above. Readers are cautioned to not place undue reliance upon any forward-looking statements, which converse solely as of the date made. Every of Holdco, Codere On-line and DD3 expressly disclaims any obligations or endeavor to launch publicly any updates or revisions to any forward-looking statements contained herein to mirror any change of their expectations with respect thereto or any change in occasions, circumstances or circumstances on which any assertion relies, besides as required by regulation.
No Provide or Solicitation
This press launch shouldn’t be a proxy assertion and doesn’t represent a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Enterprise Mixture. This press launch additionally doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase any securities, nor will
there be any sale of securities in any states or jurisdictions by which such provide, solicitation or sale could be illegal previous to registration or qualification beneath the securities legal guidelines of any such jurisdiction. No providing of securities shall be made besides via a prospectus assembly the necessities of part 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Individuals within the Solicitation
Holdco, Codere On-line and DD3 and their respective administrators, govt officers and different members of their administration and staff, beneath SEC guidelines, could also be deemed to be contributors within the solicitation of proxies of DD3’s stockholders in reference to the Proposed Enterprise Mixture. Data concerning the names, affiliations and pursuits of DD3’s administrators and govt officers is ready forth within the closing prospectus for DD3’s preliminary public providing filed with the SEC on December 10, 2020, in addition to in different paperwork DD3 has filed with the SEC. Data concerning the individuals who might, beneath SEC guidelines, be deemed contributors within the solicitation of proxies of DD3’s stockholders in reference to the Proposed Enterprise Mixture is ready forth within the Kind F-4. Data in regards to the pursuits of Holdco’s, Codere On-line’s and DD3’s contributors within the solicitation, which can, in some circumstances, be totally different than these of Holdco’s, Codere On-line’s and DD3’s fairness holders usually, can also be set forth within the Kind F-4. Shareholders, potential traders and different individuals ought to learn fastidiously the preliminary proxy assertion/prospectus included within the Kind F-4, and, when it turns into obtainable, the definitive proxy assertion/prospectus, earlier than making any voting or funding choices. Chances are you’ll receive free copies of those paperwork, as soon as obtainable, from the sources indicated above.
Further data:
comunicacion@codere.com
Contacts:
Traders
Ryan Lawrence, ICR
Ryan.Lawrence@icrinc.com
332-242-4321
Guillermo Lancha, Codere
Guillermo.Lancha@codere.com
(+34) 628-928-152
Media
Brian Ruby, ICR
Brian.Ruby@icrinc.com
203-682-8268
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1 Codere On-line refers to, collectively, Codere On-line Luxembourg, S.A., Servicios de Juego On-line, S.A.U. and their respective subsidiaries which is able to type a part of the group whose mother or father shall be Codere On-line Luxembourg, S.A. upon consummation of the enterprise mixture with DD3.
2 Codere On-line refers to, collectively, Codere On-line Luxembourg, S.A., Servicios de Juego On-line, S.A.U. and their respective subsidiaries which is able to type a part of the group whose mother or father shall be Codere On-line Luxembourg, S.A. upon consummation of the enterprise mixture with DD3.
3 At the moment supplies companies to Codere On-line as a non-employee unbiased contractor.
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