Wednesday, October 21, 2020

Tag: blackstone

Blackstone MD discusses responsible gambling ahead of iGB Live! HQ

Haide Hong Blackstone MD
Gaming owners wishing to make their businesses more attractive to potential buyers, would be well advised to have in place a credible strategy around responsible gambling, according to Haide Hong, Managing Director of The Blackstone Group...

Blackstone Group acquires Cirsa

ICR 188 EUROPE CIRSA
The Blackstone Group has beaten off competition from rival private equity firms to buy Spanish gambling operator Cirsa, however the deal does not include the company's lucrative Argentinian business. Terrassa-based Cirsa Gaming Corp has been acquired by private equity funds managed by The Blackstone Group. The company operates 147 casinos, 178 salons, 70 bingo halls, over 2,000 sports betting points of...

Spanish casino giant Cirsa agrees purchase by Blackstone Group

Cirsa
Cirsa Gaming Corp has been acquired by private equity funds managed by The Blackstone Group for an estimated E2.5bn. The purchase of the Terassa-based casino and bingo hall operator, which recorded 2017 revenue of E1.7bn, followed a number of unsuccessful bids by several US hedge funds in February. Blackstone predicted upcoming “expansion of Cirsa both organically and through acquisitions and in...

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