Superbet has launched ‘The Magic Feeling of #SuperSport’ as its new lead advertising campaign within its home market of Romania. The campaign, developed by Bucharest creative marketing agency Rusu+Bortun, sees Superbet promote its full range of live betting markets covering Romania’s most popular sports. Adjusting to a period with no sports activity during the 2020 pandemic, Superbet – Romania’s biggest …
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Paysafe Group has confirmed its intentions to re-list as a public company, following its takeover by US special purpose acquisition company ‘Foley Trasimene Acquisition Corp II’ for $9 billion. This afternoon, Paysafe published its deal prospectus under the ownership of Foley Trasimene, the ‘blank cheque company’ formed by finance and sports magnet Bill Foley, to acquire the global multichannel payment …
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Pan-Eastern European betting firm Superbet Group has expanded its online casino portfolio, after confirming that it has acquired a 60% stake in Lucky7 Ventures. Superbet stated that its transaction follows an initial venture investment in Lucky7, allowing the online casino start-up to develop its multi-market operations targeting growth in Europe and the Americas. Founded in 2019 by former Dunder co-founder …
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US private equity fund Blackstone Group has moved to safeguard its investment in Spanish gambling operator Grupo CIRSA purchasing €120 million of the firm’s debt notes. Last week, CIRSA published headline Q1 trading figures, revealing that company growth had been wiped out during March, with the company being forced to shut down its entire retail presence across Spain and South …
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Superbet is looking for a new Chief Executive in its home market of Romania after confirming the departure of incumbent Vlad Ardeleanu from the betting group’s executive leadership team. This weekend, Romanian business news sources reported that Ardeleanu had chosen to end his five-year tenure leading Superbet’s home market initiatives. Confirming his exit, Ardeleanu stated that he had chosen not to …
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Basque Country operator Grupo Kirol operating firm of Kirolbet has moved to deny rumours that it will sell its flagship business to US private equity fund Blackstone Group. Yesterday afternoon, Spanish business news source El Confidencial reported that Blackstone had sanctioned a €100 million bid to acquire Kirolbet’s entire Basque Country gambling operations. The deal would see Blackstone expand its …
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A year following its €2 billion acquisition of Grupo CIRSA, US private equity fund Blackstone Group, is reported to be assessing ‘future options’ for the Spanish market gambling group. Spanish business news source Economia Digital, reports that Blackstone eyes an ‘IPO on the horizon’ for its CIRSA vehicle. Blackstone, which maintains one of gambling’s biggest investment portfolios, is reported to …
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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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Amaya Gaming Group has agreed a sensational US$4.9bn (£2.9bn) deal to acquire The Rational Group, operator of the world’s biggest online poker brands PokerStars and Full Tilt Poker. The deal is backed by Blackstone Group LP’s credit division, GSO Capital Partners, which will buy more than $600 million in convertible preferred shares and other securities. Deutsche Bank, Barclays and Macquarie …
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