Tag Archives: CIRSA

Sportium moves for ‘omni drive’ with UNO app launch

Ladbrokes and Grupo Cirsa, Spanish market sports betting joint-venture Sportium have announced the launch of its ‘UNO’ app accounts, seeking to unify engagements across its digital and land-based properties. Launching its new product, Sportium states that it has delivered Spain’s first omni-channel discipline for sports betting consumers, with UNO accounts allowing customers to cash-out winnings across all 3,000 Sportium Spanish …

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Euro quartet demands that Andorra expel Jocs SA

A quartet of European gambling operators’ formed by Casinos Austria, Genting Group, Partouche France and Grupo CIRSA (Spain) have confirmed a combined lawsuit against the Principality of Andorra for awarding its sole national casino licence to regional enterprise Jocs SA. Last October the gambling operators demanded that Andorra’s executive and Gaming Control Board (CRAJ), move to annul the decision to …

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Sportium CEO Alberto Eljarrat seeks to deliver ‘new horizons’ for Spanish racing

Grupo Cirsa and Ladbrokes Spanish sportsbook joint-venture Sportium continues its commitment to modernizing Spanish horseracing, announcing that it has secured an exclusive partnership with ‘Gran Hipódromo Dos Hermanas’ – Andalucía’s biggest and most prestigious racetrack. The agreement sees Sportium become the lead betting services supplier to Apuesta Hípica y Deportiva Iberia (AHD Iberia), the province’s sole racetrack operator. Moving forward, …

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Andorra confirms review of controversial casino tender

The executive of the Principality of Andorra has confirmed that it will require a month to review the complaint placed by European gambling operators against the issuing of the nation’s sole casino license to regional enterprise Jocs SA. Yesterday, Antoni Marti first minister of Andorra confirmed that the casino tender complaint put forward by European operators – Casinos Austria, Genting …

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European giants question irregularities of Andorra casino tender

Four European gambling operators have demanded that the Andorran government suspend its pending casino licence, granted to regional enterprise Jocs SA. Citing a number of ‘grave tender process indiscretions’, Casinos Austria, Genting Group, Partouche France and Grupo CIRSA have ordered that Andorra’s government fully nullify its casino licence approval, awarded to Jocs SA last May. Seeking to support its tourism …

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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 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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Organic Cirsa fails to escape LATAM currency woes

Presenting its final trading update as an independent enterprise, Spanish gambling operator Grupo Cirsa SA reports progress on its home and LATAM expansion projects, despite its corporate performance being hindered by severe LATAM currency impacts. Reporting strong growth across its Spanish home market properties (Spanish EBIT up 10%), Cirsa reports combined group revenues of €4.17 billion. Nevertheless, Spanish growth could …

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Blackstone confirms acquisition of Grupo Cirsa

US multinational private equity firm Blackstone Group has expanded its industry portfolio acquiring Spanish gambling operator Grupo Cirsa and its related assets. Deal stakeholders have chosen not to disclose financial terms, however Cirsa advisors have previously stated that the firm’s sale would target a €2 billion valuation. The Spanish operator’s outright sale has been mooted for a long time by …

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New Codere leaders quash Cirsa merger speculation

The new executive leadership team of Spanish gambling firm Grupo Codere has dismissed reports that the company is seeking to merge with main Spanish market rival Grupo Cirsa. This January, Codere announced the appointments of Vicente Di Loreto as Group CEO, supported by Norman Sorensen Valdez as Executive Chairman. The new leadership team is supported by Codere’s debt-controlling private equity …

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