Codere Online climbed from 85th to 77th in the ranking of Spain’s most valuable brands as reported by Brand Finance. The gaming operator remains the sole brand from the gaming industry in Spain’s Top 100 and has held this place since 2010, alongside companies such as Zara and Movistar. Expansion in Spain and Mexico over the past year increased Codere Online’s market scope and the brand also strengthened its image by forming partnerships with Real Madrid and C.F. Monterrey football clubs. Codere Online reported that it earned more than 87 million euros in net gaming revenue in Spain this year till March 2025 and recorded more than 50k active players each month. Founded in 2014, Codere Online is a part of the Codere Group which also has a land based gaming business present in many Latin American countries.
Positive Aspects
- Codere Online climbed to the 77th spot, showing the brand has more value and higher recognition in Spain.
- Only Codere Online represents the gaming sector in the respected ranking, keeping its leader role among online gaming companies.
- This company has secured a stable place in the Top 100 each year since 2010, seated next to other large Spanish firms.
- This year, until March 2025, Codere Online declared net gaming revenue above 87 million euros and showed a strong user count, confirming performance in its main market.
Negative Aspects
- Though at number 77, Codere Online did see an improvement which was only of 8 spots which may in fact point out that the growth of their brand is slowing down or is not keeping up with the leaders.
- After receiving more than 87 million euros from the net gaming business, Codere Online could still face future problems growing if others in the sector increase revenue faster.
- Its press release talks about relying on football team partnerships for getting noticed, which could be a risk if these agreements do not last or work out.
FAQs
- What’s the New Milestone for Codere in Brand Value?
In 2024, Codere rose 8 places to take the 77th position in Spain’s top brand value report.
- When did Codere Enter the Top list of Spanish Brands?
Codere has remained on the Top 100 list since the year 201, and has maintained its presence in the list, continuously for over 15 years.
- Which Partnerships Does Codere Have for Brand Awareness?
Codere works with football clubs like Real Madrid and C.F. Monterrey to improve its brand exposure.
- What Are Some of the Markets That Codere Online Deals With?
The Spanish market, Mexico, Colombia, Panama, and Argentina are the active markets of the operator.
- How Much Net Gaming Revenue Did Codere Get in Spain?
Codere reported a net gaming revenue in Spain of over 87 million euros as of March 31, 2025.