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Tag Archives: Cirsa

Spain – Cirsa closer to full ownership of Sportium

The National Commission on Markets and Competition (CNMC) has authorized the first phase of the purchase of 50 per cent of the Sportium sports betting chain by the Cirsa Group, meaning that the group has taken a crucial step in becoming the sole owner. In July GVC Holdings, the British company that owns Ladbrokes Coral,…

Spain – Cirsa operating profit up by over eight per cent

Cirsa has reported an operating profit of €214.7m in the first half of the year – 8.2 per cent more than in the same period in 2018. The company, however, has not disclosed the net result for the period, but said in a statement that its operating income from January to June totalled €761.8m, 7.6…

Spain – Cirsa must close two Barcelona bingo halls to buy Giga

The National Commission for Markets and Competence (CNMC) has authorised the acquisition of Giga Game System Operations, a slot hall operator and games distributor in Spain, in the first phase dependent on a number of commitments on behalf of Cirsa. The new deal affects the autonomous communities of Catalonia, Valencia and Aragon. The Spanish company…

Spain – GVC Holdings to sell 50 per cent stake in Sportium Sports Betting to Cirsa

GVC Holdings, the British company that owns Ladbrokes Coral, has announced an agreement to sell its 50 per cent stake in Sportium Sports Betting to Cirsa, the Spanish gaming company controlled by private equity firm Blackstone. The price of the operation, pending regulatory authorizations, amounts to €70m. GVC, which acquired the stake through the purchase…

Spain – Cirsa boosts revenue by eight per cent

Cirsa has reported an operating profit of €103.4m in the first quarter, eight per cent more than in the same period last year, boosted by revenues which rose to €379m. The multinational closed the first quarter with an increase in global revenues of 8.5 per cent, according to a company statement. Its casinos division registered…

Spain – Spanish giant Cirsa buys Giga Games

According to reports emerging in local press Cirsa has just closed an acquisition that will allow it to substantially increase its size in Catalonia and operate a casino for the first time in its home community. The gambling group told its bondholders that it has reached an agreement to acquire Giga Games System Operation from…

Spain – Cirsa increases 2018 revenues across all its jurisdictions

Cirsa Gaming generated an operating profit of €368.8m in 2018, up 5.1 per cent from 2017, despite the strong adverse impact of the euro’s exchange rate versus other currencies in the Latin American countries where the company operates. Operating income came in at €1,469.1m, a 5.2 per cent increase over the previous financial year. Joaquim…

Spain – Cirsa and Luckia see plans for Vigo pass through final hurdle

A new casino in the city of Vigo will be up and running this year now that the project has received planning permission. Permission was finally granted earlier this week by the government of Galicia. The casino will have a maximum capacity providing space for up to 508 customers. The new casino will generate 105…

Andorra – Rival bidders demand Andorra licence is annulled

Four gaming operators which lost during the bidding process for the single casino licence in Andorra have denounced ‘serious’ irregularities during the process by the General Council as reported in a statement by Casinos Austria, Cirsa, Genting and Partouche. The companies together with their local partners, have requested the application of “the annulment of the…