Tag Archives: Blackstone

Blackstone eyes ‘IPO on the horizon’ for CIRSA

A year following its €2 billion acquisition of Grupo CIRSA, US private equity fund Blackstone Group, is reported to be assessing ‘future options’ for the Spanish market gambling group. Spanish business news source Economia Digital, reports that Blackstone eyes an ‘IPO on the horizon’ for its CIRSA vehicle. Blackstone, which maintains one of gambling’s biggest investment portfolios, is reported to …

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CIRSA completes €390 million bond placement eyeing future investments

Spanish gambling firm Grupo CIRSA has confirmed that it has secured a €390 million bond placement with private investors. Issuing a market filing, CIRSA majority owned by US private equity firm Blackstone, confirms that 120 institutional investors have backed its bond arrangement, which maintains a 4.75% annual interest rate, with debt maturity triggered in 2025. In its update, CIRSA governance …

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SuperBet Romania secures £175 million Blackstone backing

US private equity fund Blackstone Group LLP continues to expand its European gambling investment portfolio, confirming that it has invested €175 million in Romania and CIS market bookmaker SuperBet. The transactions sees the US PE firm secure a minority stake in SuperBet, Romania’s largest sports betting operator, through its strategic vehicle ‘Blackstone Tactical Opportunities’. Founded in 2008 by industry investor …

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Blackstone continues Spanish affair acquiring Giga Games

Spanish Gambling firm Grupo CIRSA has confirmed that it has acquired slot machine distributor and gaming hall operator Giga Games, from Spanish private leisure and gambling fund Conei Corporacion. The transaction sees the Lao Hernandez family engage once more with US private equity group Blackstone, who last year acquired CIRSA from Spanish gambling tycoon Manuel Lao Hernandez for approximately €1.5 billion. …

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CIRSA states its intent on dominating ‘All Spanish Markets’ under Blackstone

Publishing its private accounts, Spanish gambling firm Grupo CIRSA has detailed solid corporate progress and growth, completing its first year under the ownership of US multi-national private equity firm Blackstone. The Spanish legacy gambling group records 2018 group revenues of €1.4 billion, combined with operating profits of €368 million, up 5% on its 2017 performance. Issuing a corporate statement, Joaquim …

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CIRSA explores further international opportunities despite LATAM woes

Spanish gambling firm Grupo CIRSA has overcome all-round LATAM currency woes to post a successful Q2 2018 trading update, as the company continues its expansion plan under the ownership of Blackstone Capital. Publishing its latest corporate update, CIRSA governance reports a 3% increase in group revenues to €358 million for Q2 2018. Despite recording circa €3 million in negative LATAM …

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Blackstone & Codere eye Televisa Play City MX quick sale

Mexican media and entertainment group Televisa has confirmed that its seeks to sell its entire gambling portfolio, operating under the ‘Play City Casino’ and ‘Play City Apuestas’ brands. Televisa currently operates a total of 17 Play City casino/betting establishments across Mexico, having been one of the few companies granted a land-based gambling license by the Vicente Fox government in 2005. …

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Blackstone eyes tricky Codere Spain buyout

Spanish business news source OK Diario has reported that US multi-national private equity firm Blackstone is preparing a bid for Grupo Codere, Spain’s largest gambling operator. The private equity firm, seeks to create the world’s leading Spanish-language gambling/betting group, merging its recently acquired Grupo CIRSA asset with Codere’s enterprise. In its report, OK Diario details that Blackstone executives have turned …

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New business & partnerships deliver for Paysafe Group this H1 2017

Publishing its H1 2017 interim results, digital payments services provider Paysafe Group plc has reported an 11% increase in group revenues to $538 million. The leading industry payments provider, Paysafe is currently the subject of a £3 billion takeover deal by the combination of private equity firms CVC Capital and Blackstone (bid proposed on August 2017). Closing its H1 2017, …

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Paysafe board recommends £2.96bn offer from CVC and Blackstone

Major payments provider Paysafe is to be acquired by private equity giants CVC and Blackstone after the company’s board gave a great light to the 590p per share offer that was put on the table last month. The deal values Paysafe at £2.96bn and brings the company, which recently bought affiliate scheme business Income Access, under the ownership of two …

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