Codere SPAC Presentation Deck
Well-Positioned to Capitalize on the Large Untapped Hispanic Market
Opportunity in the US
▪ LatAm experience as foundation for future
success in US Hispanic market:
Soccer-first focus of sports betting business
leveraging Real Madrid (¹), Rayados and
Valderrama sponsorships
Casino product configuration tailored to Hispanic
customer (e.g. over-weight electronic bingo and
roulette versus traditional U.S. slot / table mix)
Adapted marketing messaging and promotional
campaigns based on cultural associations / affinity
Experienced Spanish-speaking call center /
customer service
Tested Spanish-language front end user interface/
experience
Experience operating under multiple regulatory
regimes across a number of jurisdictions
California
Texas
Florida
New York
Arizona
Illinois
New Jersey
Colorado
New Mexico
Georgia
Other (40 States)
Total US
Hispanic
Population (MM)(²)
15.3
11.1
5.3
3.7
2.2
2.2
1.8
1.2
1.0
1.0
13.5
58.4
Expected Date
of Regulation (3)
2023
2022
2023
Live (Retail Only);
Online Pending Launch
Legalized; Pending Launch
Live
Live
Live
2023
2023
(1)
Rights to the sponsorship agreement with Real Madrid expected to be licensed from Codere Group.
(2) Source: World Population Review.
(3) Source: Morgan Stanley research estimates as of January 2021. Market size represents retail / online sports betting only for states listed except NJ (which includes iGaming) due to Morgan Stanley projected pace of iGaming rollout.
C
2025E Market
Size ($MM) (3)
$186
$1,336
$64
$928
$39
$735
$1,809
$279
$8
$572
$9,308
$15,264
DD3
Acquisition Corp. II
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