Codere Argentina

What Codere Argentina does

Codere Argentina, legally Codere Online Argentina S.A., operates the licensed online betting and casino platform codere.bet.ar within the Ciudad Autónoma de Buenos Aires (CABA). It is the Argentine digital arm of the international Codere Group and holds operating permits DI-2021-238-GCABA-LOTBA and DI-2023-359-GCABA-LOTBA issued by Lotería de la Ciudad de Buenos Aires (LOTBA S.E.). The company is legally restricted to offering its services to users physically located inside CABA and reports no other operating geographies.

The platform combines a sportsbook with a full online casino. The sportsbook covers pre-match and in-play wagering on football (Argentine Liga Profesional, Copa Libertadores, Champions League, Premier League, La Liga), basketball (NBA), tennis (Grand Slams), Formula 1, MLB, UFC/MMA, and cycling, with features including real-time live odds, cashout, combined/parlay bets, and a free-bet system. The casino vertical offers slots (including Argentine-themed content), table games (roulette, blackjack, baccarat), progressive jackpots, and a live dealer suite streamed from third-party providers Evolution Gaming, Playtech, and MGS. Distribution runs through a responsive web platform and a dedicated iOS application (Apple App Store id6746794569), with WhatsApp, Mercado Pago, and social channels used for customer support, payments, and acquisition.

The business model is take-rate based: the company earns the built-in margin on quoted sportsbook odds (vig/juice) and the house edge on casino games (RTP differential and live dealer rake). Customer acquisition is freemium, anchored by a welcome bonus of up to $350,000 ARS, ongoing free-bet promotions, and content marketing via blog.codere.bet.ar and major social platforms. With 427 employees and headquarters at Reconquista 1088, piso 7°, Buenos Aires, the company functions as a localized, regulated distribution and customer-experience layer over vendor-provided gaming technology, with no disclosed revenue, funding events, or M&A activity in the source data.

Name

Codere Argentina

Legal name

Codere Online Argentina S.A.

Website

https://codere.bet.ar

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

Codere Argentina (Codere Online Argentina S.A.) operates codere.bet.ar, a licensed online sports betting and casino platform serving individual consumers exclusively within Ciudad Autónoma de Buenos Aires under LOTBA S.E. permits.

Ownership category

akta.pro rank

Product category

Online Sports Betting & Casino

NAICS

Gambling Industries (7132)

SIC

Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Sportsbooks (Online & Mobile Operators) (MPAEACAA)

Keywords

• Online sports betting
• Online casino gaming
• Live dealer casino
• Mobile betting platform
• Regulated gambling

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Marketing or Sales, Personnel, Others

Revenue model

1. Sports Betting: Revenue generated from sports wagering including pre-match and in-play betting on football, basketball, tennis, F1, UFC, baseball, cycling, and other sports. The platform charges a margin on odds (vig/juice) and takes a percentage of losing bets.
2. Online Casino Gaming: Revenue from online casino products including slots, roulette, blackjack, baccarat, and live dealer games. Generates income through house edge on casino games, slot RTP (return to player) margins, and live casino rake.
3. Welcome Bonus Promotions: Attracts new customers with welcome bonuses up to $350,000 ARS, which may include matched deposits, free bets, or promotional credits that drive user acquisition and initial wagering activity.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Codere Argentina operates a licensed online sports betting and casino platform accessible via web and iOS mobile app. It offers pre-match and in-play wagering on football, basketball, tennis, F1, MLB, UFC, and cycling, alongside an online casino featuring slots, roulette, blackjack, baccarat, progressive jackpots, and live dealer games with Spanish-speaking croupiers. Distribution is digital-first, restricted to users within Ciudad Autónoma de Buenos Aires under LOTBA S.E. permits, with deposits processed through Mercado Pago and player support via WhatsApp.

Product overview

Codere Argentina operates as a licensed online sports betting and casino platform (operated by Codere Online Argentina S.A.) offering a comprehensive gambling ecosystem. The core offering consists of Apuestas Deportivas for pre-match and in-play sports wagering across football, basketball, tennis, F1, UFC, MLB, cycling, and other sports, paired with a Casino Online featuring hundreds of slots and table games. The platform extends through a Casino en Vivo for live dealer experiences in roulette, blackjack, and baccarat, complemented by progressive jackpot slots. Key product modules include Free Bets promotional credits and a dedicated iOS mobile app enabling 24/7 access to all betting and gaming functions. The product architecture combines a unified sportsbook with modular casino gaming components, all accessible via web and mobile.

Differentiator

Problem solved

Functional benefit

Products and services

• Apuestas Deportivas Online sports betting offering pre-match and in-play wagering on football (Liga Profesional, Copa Libertadores, Champions League, Premier League), basketball (NBA), tennis (Grand Slams), Formula 1, NFL, MLB, cycling, and UFC/MMA, with competitive odds, multiple bet types, and combined/parlay markets for adult Argentine consumers in CABA.
• Casino Online Digital casino product offering hundreds of slots, table games, and live dealer experiences accessible 24/7 via web and mobile for adult players in CABA, with frequent promotional offers.
• Casino en Vivo Live dealer casino featuring real-time streaming of roulette, blackjack, baccarat, and game shows with Spanish-speaking croupiers and chat interaction, targeted at adult players in CABA seeking an immersive local casino experience.
• Slots / Tragamonedas Online slot machines featuring hundreds of themes including Argentine cultural content, progressive jackpots, free spins, and 3D graphics across various column configurations and payline structures.
• Ruleta Online Online roulette games including European, American, and French variants plus live dealer versions with real croupiers, featuring themes inspired by Argentine football and cultural elements.
• Blackjack Digital blackjack games including multi-hand variants, live dealer tables, and VIP options with various betting limits and side bet features such as Lucky Lucky Blackjack.
• Baccarat Online baccarat including live dealer variants such as Peek Baccarat, Speed Baccarat, No Commission Baccarat, and Golden Wealth Baccarat with various betting options.
• Jackpots Progresivos Progressive jackpot slots featuring accumulating prize pools with daily, weekly, and special jackpots across multiple themed slot games.
• Free Bets Risk-free betting credits offered as part of registration bonuses, deposit matches, and cashback promotions allowing users to place bets without using their own funds, with winnings withdrawable while the free bet value is not.
• App de Codere Argentina (iOS) Native iOS mobile application providing full access to sports betting, casino games, live betting, and live streaming, enabling 24/7 access to betting markets, casino games, deposits (via Mercado Pago), and withdrawals from iPhone and iPad devices in CABA.
• Simulador de Apuestas Digital betting simulator allowing users to test wagering strategies using virtual funds across multiple sports (football, basketball, tennis, others), with manual and real quota options and real-time odd calculations, to practice without risking real money.

Quantifiable outcome

• Welcome bonus up to $350,000 ARS for new registered users
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core, major and minor.

• LOTBA S.E. (Lotería de la Ciudad de Buenos Aires)coreStrategic or Co-development PartnerLOTBA S.E. is the regulatory body that issues gambling licenses in Ciudad Autónoma de Buenos Aires. Codere operates under official permits DI-2021-238-GCABA-LOTBA and DI-2023-359-GCABA-LOTBA, enabling legal online betting and casino operations in CABA.
• Evolution Gaming (EVG)coreTechnology or IntegrationEvolution Gaming provides live casino technology including live roulette, blackjack, baccarat, and game show variants. Codere features EVG-branded live dealer games on their platform.
• PlaytechmajorTechnology or IntegrationPlaytech provides gaming content including slots and casino games. Mentioned in promotional banners as a key gaming provider partner.
• Mercado PagocoreTechnology or IntegrationMercado Pago is the primary payment processor for deposits and withdrawals. Deposits are credited instantly, providing seamless payment experience for Argentine users.
• FacebookminorGTM or Marketing PartnerFacebook advertising and social login integration for marketing campaigns and social sharing features.
• TwitterminorGTM or Marketing PartnerTwitter social media presence for brand marketing, customer engagement, and promotional announcements.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Betano (Kaizen Gaming): Online sportsbook and casino operator with material Latin American operations, including Argentina. Directly competes with Codere Argentina for the same CABA-licensed customer base with a similar sportsbook-plus-casino mobile-first product.
• Bet365: Global online sportsbook and casino operator with a full multi-vertical product suite (sports betting, live casino, slots). Directly comparable to Codere Argentina as a digital-first operator targeting sports bettors and casino players, though operating at much larger international scale.
• 1xBet: Global online sportsbook and casino with broad sports coverage and casino content. Comparable to Codere Argentina as a digital-only multi-vertical operator targeting sports bettors and casino players in Latin America.
• Caliente: Mexican online sportsbook and casino operator with a similar dual-vertical offering, local market dominance, and Spanish-language localization. Directly comparable to Codere Argentina as a regional Latin American digital betting operator.
• Betsson: Nordic-headquartered online gambling operator with a strong Latin American presence and similar dual sportsbook/casino offering. Closely comparable to Codere Argentina in product mix and regional focus, serving regulated LATAM markets.
• BetWarrior: Argentina-focused online sportsbook and casino operator. A direct local competitor to Codere Argentina, also targeting the regulated Argentine market with a sportsbook and casino product.

Broad incumbents

• Codere Online: The wider Codere Group's online gambling arm operating in multiple Latin American jurisdictions (Mexico, Colombia, etc.). Comparable to Codere Argentina as the same brand and tech stack deployed across multiple regulated markets.
• Betway: Global online sportsbook and casino brand with established Latin American presence. Comparable to Codere Argentina as a multi-vertical operator, though it operates across many more markets globally.
• William Hill: Long-established UK-headquartered sportsbook and casino operator with international digital operations. Comparable to Codere Argentina in product (sports betting, casino, live dealer) but at much larger incumbent scale and broader geographic reach.

Others

• Evolution Gaming: Leading B2B provider of live casino technology and games. Listed as a core content partner of Codere Argentina (supplying live dealer tables); not a competitor but a key ecosystem enabler comparable to one of the company's strategic supplier relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/codere
• Instagraminstagram.com/codere
• Xtwitter.com/coderearg
• LinkedInlinkedin.com/company/codere-argentina

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Codere Argentina