Tag Archives: Cirsa
Spain – Profits on the rise for Cirsa despite adding 25 new casinos in 2017
Spanish operator CIRSA has reported an operating profit in 2017 of €427m meaning a growth of 7.2 per cent compared to 2016 during a time of heavy investment for the company in terms of new properties. Cirsa incorporated 25 new casinos in Latin America in 2017 with 17 bought from Novomatic in Peru, one in…
Spain – Licence for new casino in Granada to be awarded soon
The casino licence for Granada will be awarded in April or early May according to the Minister of Finance and Public Administration of the Andalusia government MarÃa Jesús Montero. The Minister said it was “good news” that a number of prestigious companies in the sector had submitted bids as part of the public tender for…
Spain – Hedge funds continue to circle €2bn Cirsa ahead of non-binding bids
North American hedge fund giants including the Advent International, Apollo Global Management, Blackstone Group and Cerberus Capital Management are among the investors believed to be looking at a potential €2bn takeover of Spanish gaming giant Cirsa. Spanish casino and bingo-hall operator Cirsa, owned by billionaire Manuel Lao Hernandez, is expecting non-binding bids to be made…
Spain – Cirsa wants to invest €9m in Casino Cirsa Granada
Spanish operator Cirsa Gaming Corporation has announced that it has put forward a bid for the new casino licence in Granada. If the company is granted the license, then it will make an initial investment of €9m and employ 400 people. The new casino would be located in the Hotel Camino and would be the…
Andorra – Cirsa puts forward two proposals for a casino in Andorra
Spanish operator Cirsa Gaming Corporation has announced that it has put forward two bids for the casino licence now available in Andorra. The deadline to submit offers to manage the single Andorran casino ended October 31 and the bidding process is being organised by the Andorran Gaming Control Board (CRAJ). Cirsa stated: “For 15 years,…
Spain – Cirsa’s profits rise amidst rumour of major shake-up
Spanish operator Cirsa has reported an operating profit increase of 7.5 per cent in the first 9 months of 2017 over the same period last year reaching €320.4m. In the third quarter operating profit reached €108.2m, the highest result achieved by the company in a single quarter, improving by 7.0 per when compared to July…
Andorra – Big name operators enter race for Andorra’s casino licence
Nine international business groups have put forward bids for the new casino licence in Andorra, including Cirsa (Spain), Genting (Malaysia) Sithel (Luxembourg) and French companies Partouche and Barriere as well as a group made up of local business people. The deadline to submit offers to manage the single Andorran casino ended Last Tuesday (October 31st)….
Spain – Cirsa’s profits continue to rise
Spanish operator Cirsa has reported an operating profit increase of €106.2m for the second quarter, representing an increase of 7.7 per cent compared to the same period last year. Meanwhile operating income from the period April to May stood at €429.4m, up 7.6 per cent compared to the same period last year. According to the…
Spain – CIRSA defends meetings with President of Valencia
Spanish operator CIRSA has reacted strongly to a report in newspaper El Confidencial which stated that its executives had held meetings in private with the head of the government of the Spanish autonomous community of Valencia Ximo Puig to put a stop to new gaming laws. The article argued that the new law will put…
