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27 Sep 2019

Blackstone Buys Spanish Poker Giant Cirsa

Blackstone Buys Spanish Poker Giant Cirsa

North american private equity agency The Blackstone Group possesses fully been given Spanish poker operator Cirsa Gaming Corporation , localized news retailers reported at Friday citing sources accustomed to the deal.

The purchase price and other details about the deal are not disclosed, however , sources told me Cirsa, and that is Spain’s major gambling corporation, has been highly valued at about € 1 . 6 billion dollars .

Often the announcement in regards to the deal will come amid your consolidation trend that has knocked the wagering industry not only for across Europe but also from the rest of the world. It was basically last quick when Canada’s The Stars Crew announced going without shoes would invest in UK’s Heavens Betting Video games in a $4. 7-billion offer that would develop the world’s largest mentioned gambling business. Online gambling provider Playtech even offers recently examined that it might purchase a 85. 6% risk in German operator Snaitech for the comprehensive amount of € 846 million dollars .

Cirsa was founded in 1978 by the category of Spanish businessman Manuel Lao Herná ndez, who is often proves to be among Spain’s richest persons. Over the years, this company has grew across it is homeland as well as has lengthened its footprint to other jurisdictions, including Malta and many Latin casino-online-australia.net North american countries.

Cirsa currently manages 147 land-based casinos , 178 gambling halls, around 75, 000 gaming units across taverns and other places, 3, 000 lottery dernier, 70 gaming companies, and more compared to 2, 000 sports sportsbook shops. (more…)