Tag Archives: Grupo Cirsa

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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Sportium continues racing revolution with ARC’s ‘European Racing Channel’

Ladbrokes and Grupo Cirsa‘s Spanish sports betting joint-venture Sportium continues its directive on revamping horseracing as a wagering proposition for Spanish market consumers, announcing that it has launched Arena Racing Company’s ‘European Racing Channel’ across its entire retail network. Expanding its existing broadcast agreement with ARC, Sportium’s + 3,000 betting point network will transmit European Racing Channel content, showcasing some +45,000 …

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Private Equity giants monitoring Cirsa Spain movements

Speculation is growing with regards to Spanish gambling firm Grupo Cirsa’s future, as a number of private equity firms are reportedly monitoring the Barcelona-based operator. This week, Bloomberg News reports that PE firms Blackstone Group and Cerebeus Capital Management, two seasoned investors in global gambling enterprises, are weighing up bids for the Spanish casino and bingo-hall operator. Furthermore, former Caesar …

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Sportium readies for Colombia market launch

Spanish licensed online sports betting operator Sportium (sportium.es) continues its South American expansion, announcing that it will enter the Colombian online betting market. The Ladbrokes and Grupo Cirsa Spanish joint-venture launch in Colombia follows a successful South American debut in Panama, where its services have gained a strong foothold. Speaking to Spanish media, Sportium CEO Alberto Eljarrat detailed that his …

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Sportium confirms 2-year extension to LFP La Liga partnership

Spanish operator Sportium has confirmed that it has renewed its official betting partnership with La Liga de Fútbol Profesional (LFP), the governing body of La Liga, Spain’s highest level of professional football for a further two years. Sportium the Spanish joint-venture firm backed by Ladbrokes UK and Spanish legacy gambling operator Grupo Cirsa has acted as LFP betting partner since …

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South American expansion aids Cirsa 2015 profit gains

Presenting its full year 2015 results, Spanish gambling operator Grupo Cirsa detailed that it had recorded growth in all core markets. Cirsa would post full-year group revenues of €1.8 billion representing a 16.5% increase on 2014 performance.  Its revenue uplift would transfer to an improved group EBITDA of €380 million up 14% on FY 2014 results. Detailing performance drivers, Cirsa …

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CIRSA secures new €500 million bond

Spanish gambling operator Grupo CIRSA has completed a bond issue worth €500 million over an extended eight year period (2023). CIRSA governance confirmed that its new bond issue and restructure was led by Deutsche Bank, who have raised the bond capital from European and American investment funds. With CIRSA gaining approval on its new bond issuance, the company will cancel …

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