Tuesday, March 28, 2023

Tag: Cirsa

Cirsa’s Q3 results boosted by LatAm and Italian business

Cirsa, Q3, result, LatAm, Italian, business
Spain’s largest casino operator, Cirsa Gaming Corporation chalked up an operating profit of €95m for Q3 2018, a 6.7 percent rise year on year. In a statement, the company reported an operating income of €367.3m, an increase of 5.3 percent compared to the same period in 2017. “The group’s performance in the third quarter reinforces the profitable growth it has experienced...

Luckia Group and Cirsa to open Vigo casino in April 2019

The president of Luckia Group, José González Fuentes, has confirmed that the company's new casino in Vigo, will open by April 2019 assuming the necessary permissions can be obtained. Following a meeting on 12 June with Alfonso Rueda, vice president of Galicia’s regional government, González stated that the final design for the project - a joint venture between Luckia Group...

Blackstone Group acquires 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 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...

Granada casino licence to be awarded between April and May

Granada vista
Cirsa, Orenes, and Novomatic have each submitted competing proposals for a licence to operate a casino in the southern province Adalusia’s Minister of Finance and Public Administration has welcomed the participation of three major operators in the bidding process for a new casino in Granada. María Jesús Montero stated that the expressions of interest the regional government had received were “good...

Cirsa reaps rewards of Latin America expansion

Full-year financial results from Cirsa Gaming Corporation in 2015 have shown that the company recorded growth across all of its core markets last year. Group wide, Spain-based Cirsa enjoyed a 16.5 per cent increase in revenue to E1.8bn, whilst EBITDA was bolstered 14 per cent to E380m. The company’s governance attributed the growth to the successful implementation of its “international expansion...