Tag Archives: Colombia

Stable CIRSA refinances corporate debt bonds  

The board of Grupo CIRSA has announced that it has agreed to terms on a new €615 million debt-bond placement, helping the Spanish gambling group improve its financial liquidity by refinancing its previous debt arrangements.    The bond placement will carry an annual interest rate of 4.5%, with its maturity clause triggered from 2027 onwards, and has been underwritten by the …

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Scientific Games debuts OpenGaming in Colombia via Betsson partnership

Scientific Games Corporation has debuted its OpenGaming ecosystem in Colombia this week with Betsson Group which last year acquired a 70% stake in one of the country’s first licensed operators, Colbet. Initially, Colbet customers can access games developed by SG’s in-house studios, along with content supplied by its newly acquired business Lightning Box, as well as third-party providers Big Time Gaming and ReelPlay. The full OpenGaming portfolio is set to …

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Winner Group & Sportium merger sees CIRSA transform its Colombia vision 

Blackstone-owned Grupo CIRSA has reorganised its Colombian market presence, allowing its Winner Group CIRSA casino subsidiary to take control of the Sportium Colombia brand.  The move was sanctioned as CIRSA aims to support Winner Group’s ambitions to become ‘Colombia’s leading gambling operator for land-based and online gambling disciplines’. Established in 1997, CIRSA’s Winner Group subsidiary operates 72 gambling venues (arcades, …

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DIMAYOR upgrade sees Genius Sports overhaul Colombian football media rights 

DIMAYOR, the governing body of Colombia’s professional football leagues, has overhauled its entire media management and data gathering provisions, expanding its existing relationship with Genius Sports. The partnership will see Genius Sports launch a ‘new betting engagement commercial strategy’ optimising the media and data rights for DIMAYOR’s Liga BetPlay, Torneo BetPlay, Copa BetPlay and Superliga BetPlay competitions.  As result, all …

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CIRSA improves trading outlook following positive LatAm reopenings

Grupo CIRSA, the Blackstone-owned Spanish gambling group, revealed that 2021 trading is ‘on par with company expectations’ as its global land-based units continue to be impacted by COVID circumstances.  Publishing a Q1 2021 trading overview, the CIRSA registered group operating profits of €28.6 million, generated from corporate revenues totalling €156 million. CIRSA underscored that period operating profits were generated against …

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Betsson invests in JDP Tech to cater for LatAm venture requirements

Betsson AB has agreed to invest €8.8 million in JDP Tech Ltd, a specialist payment processing firm for South American market transactions. The deal, undertaken through Betsson’s venture investment subsidiary Perch AB, will see the Stockholm-listed online gambling group acquire a 50% stake in JDP Tech. “This allows Betsson to secure customer payment flows for the continued expansion in Latin …

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Playtech outrides hazardous 2020 ahead of consensus 

Playtech Plc has published a trading update informing investors that its full-year 2020 corporate performance is expected to be ‘ahead of market consensus’. The FTSE250 technology group anticipates reporting a ‘solid financial performance for 2020’ through delivering an adjusted EBITDA expected to be ‘at least €300 million’. Providing a review of its  2020 activities, Playtech underlined that the company had …

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William Hill acquires majority stake in Alfabet Colombia to open LatAm vision

William Hill Plc has secured its first South American sportsbook venture after confirming that it has acquired a ‘majority stake’ in Colombian-licensed operator Alfabet SAS. Closing its 2020 trading, the FTSE250 betting group stated that Colombia will be ‘the ninth regulated betting market in which William Hill will have an active presence’. Operating in Colombia since 2018, Alfabet SAS is …

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Entain eyes early 2021 debut for Bwin Colombia

Entain Plc (formerly GVC Holdings) expects to launch its Bwin sportsbook property for the regulated Colombian online gambling market next month. Martin Lycka, Entain’s Senior Vice President of US Regulatory Affairs & Responsible Gambling, told SBC Noticias about the fast-moving developments for the FTSE100 betting group within Colombia. Having recently secured a Colombian online gambling licence by federal regulator Coljuegos, …

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Juan Pérez Hidalgo resigns as Coljuegos President

Coljuegos has confirmed to SBCNoticias that Juan B. Pérez Hidalgo has ended his five-year tenure as President of Colombia’s national regulatory authority for gambling.  Updating stakeholders, Coljuegos confirmed that it has secured the appointment of César Augusto Valencia as inbound President, with Pérez Hidalgo choosing to formally end his presidency effective immediately, A South American executive of international packaging conglomerate …

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