{"id":12066,"date":"2025-06-03T13:36:50","date_gmt":"2025-06-03T13:36:50","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=europe&#038;p=12066"},"modified":"2025-06-03T13:36:50","modified_gmt":"2025-06-03T13:36:50","slug":"nobody-wants-to-play-with-codere-fined-in-mexico-sanctioned-in-spain-and-under-nasdaq-threat","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/nobody-wants-to-play-with-codere-fined-in-mexico-sanctioned-in-spain-and-under-nasdaq-threat\/","title":{"rendered":"Nobody wants to play with Codere: fined in Mexico, sanctioned in Spain, and under Nasdaq threat"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">It\u2019s been a rough year for <strong>Codere<\/strong>, and now the hits are coming from across borders. The latest blow comes from <strong>Mexico<\/strong>, where authorities imposed a <strong>MX$4 million fine<\/strong> (approx. USD $240,000) for <strong>violations of gambling license conditions<\/strong>, as reported specialized media. The sanction targeted Codere for failing to comply with operational standards in its physical betting locations, reinforcing concerns about its internal controls and regulatory adherence.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The trouble doesn\u2019t stop there. Codere is also <strong>one of the most sanctioned operators in Spain<\/strong>, according to recent analysis by <em>Mundo Video<\/em>. The <strong>DGOJ<\/strong> (Direcci\u00f3n General de Ordenaci\u00f3n del Juego) fined Codere Online <strong>\u20ac162,500<\/strong> for a Facebook ad deemed to target minors, an explicit breach of Spain\u2019s advertising laws.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/codere-is-losing-the-bet-in-mexico\/\" target=\"_blank\" rel=\"noreferrer noopener\">Codere is losing the bet in Mexico.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, on the financial front, Codere Online is still reeling from <a href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/codere-online-faces-fresh-nasdaq-delisting-threat-over-missed-2024-report\/\" target=\"_blank\" rel=\"noreferrer noopener\"><u>the Nasdaq delisting notice<\/u><\/a> received in May 2025 for failing to submit its 2024 Form 20-F. While the company claims it has now rectified the issue, Nasdaq has not yet confirmed continued listing eligibility.<\/p>\n\n\n\n<p class=\"line-height1 has-large-font-size wp-block-paragraph\">Analysts warn this uncertainty could scare away investors and further destabilize its fragile stock position.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"555\" height=\"229\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/06\/nobody-wants-to-play-with-codere-fined-in-mexico-sanctioned-in-spain-and-under-nasdaq-threat2.jpg\" alt=\"\" class=\"wp-image-12068\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/06\/nobody-wants-to-play-with-codere-fined-in-mexico-sanctioned-in-spain-and-under-nasdaq-threat2.jpg 555w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/06\/nobody-wants-to-play-with-codere-fined-in-mexico-sanctioned-in-spain-and-under-nasdaq-threat2-300x124.jpg 300w\" sizes=\"auto, (max-width: 555px) 100vw, 555px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">To top it off, <a href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/ey-refuses-to-continue-auditing-coderes-accounts-they-have-expired\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ernst &amp; Young<\/a> stepped down as the group\u2019s auditor in late 2024 due to contract expiration and ongoing accounting delays\u2014raising red flags over financial governance. From <strong>Latin America to Europe and Wall Street<\/strong>, Codere appears cornered. And in an industry where trust is everything, the company\u2019s cascading crises may prove harder to bluff than a bad poker hand. For now, the message is clear: <strong>nobody wants to play with Codere<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s been a rough year for Codere, and now the hits are coming from across borders. The latest blow comes from Mexico, where authorities imposed a MX$4 million fine (approx. USD $240,000) for violations of gambling license conditions, as reported specialized media. The sanction targeted Codere for failing to comply with operational standards in its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12069,"menu_order":121,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[57,3889,3184],"class_list":["post-12066","europe","type-europe","status-publish","format-standard","has-post-thumbnail","tag-casinos","tag-codere","tag-europe","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nobody wants to play with Codere: fined in Mexico, sanctioned in Spain, and under Nasdaq threat - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/nobody-wants-to-play-with-codere-fined-in-mexico-sanctioned-in-spain-and-under-nasdaq-threat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nobody wants to play with Codere: fined in Mexico, sanctioned in Spain, and under Nasdaq threat - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"It\u2019s been a rough year for Codere, and now the hits are coming from across borders. The latest blow comes from Mexico, where authorities imposed a MX$4 million fine (approx. USD $240,000) for violations of gambling license conditions, as reported specialized media. 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