Tag Archives: CIRSA

Belgium igaming platform supplier GAMING1 has confirmed the appointment of former Stars Group Inc executive David Carrion as Chief Marketing Officer (CMO), leading the firm’s imminent international B2B expansion. Joining the firm’s C-level executive team, Carrion has been tasked with expanding ‘international awareness’ of GAMING1’s products and services as the company undertakes its commercial expansion beyond 2020. GAMING1 highlighted Carrion’s …

Spanish gambling and leisure firm Grupo CIRSA SA has confirmed the inbound appointment of Antonio Grau as new Chief Financial Officer (CFO). Grau will join the CIRSA executive leadership team this October replacing incumbent CFO David Royo, who during Q2 trading announced that he had chosen to end his 13-year tenure leading CIRSA financial units. An expert in corporate financing, …

Codere SA will escape bankruptcy after the embattled Spanish gambling group secured new terms on its debt arrangement with US debt-holders.  The Bolsa Madrid gambling group is reported to have secured a 12-month funding arrangement with a US hedge fund which will guarantee a €120-150 million credit line for the company to fund its operations and repay its deferred debt …

Sportium, the flagship bookmaker property of Spanish gambling conglomerate Grupo CIRSA, has completed a network securities upgrade led by multinational IT infrastructure and engineering group Dell EMC. The project saw Sportium revamp its entire IT securities infrastructure operating across its network of 3,000 retail betting points servicing +8,000 wagering terminals. Sportium’s systems upgrade was led by Dell EMC’s technology security …

Spain’s Competition & Markets Authority (CNMC) will allow Grupo CIRSA to acquire bookmaker Sportium outright, permitting the Blackstone owned operator the right to purchase Ladbrokes 50% joint-venture shareholding. The CNMC had been forced to review CIRSA’s pending €70 million acquisition of Ladbrokes JV stake in Sportium, which would see CIRSA control Spain’s biggest wagering network made-up of 3,000 retail betting …

Following a review by Spain’s Competition & Markets Commission (CNMC), Grupo CIRSA has been ordered to restructure its Catalonian commercial presence in order to complete its acquisition of slot machine and arcade hall operator Giga Games. CNMC has ordered CIRSA governance to dispose of two of its Barcelona bingo halls, whilst further demanding that the Blackstone owned gambling group ‘terminate …