Tag Archives: Blackstone

CIRSA explores further international opportunities despite LATAM woes

Spanish gambling firm Grupo CIRSA has overcome all-round LATAM currency woes to post a successful Q2 2018 trading update, as the company continues its expansion plan under the ownership of Blackstone Capital. Publishing its latest corporate update, CIRSA governance reports a 3% increase in group revenues to €358 million for Q2 2018. Despite recording circa €3 million in negative LATAM …

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Blackstone & Codere eye Televisa Play City MX quick sale

Mexican media and entertainment group Televisa has confirmed that its seeks to sell its entire gambling portfolio, operating under the ‘Play City Casino’ and ‘Play City Apuestas’ brands. Televisa currently operates a total of 17 Play City casino/betting establishments across Mexico, having been one of the few companies granted a land-based gambling license by the Vicente Fox government in 2005. …

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Blackstone eyes tricky Codere Spain buyout

Spanish business news source OK Diario has reported that US multi-national private equity firm Blackstone is preparing a bid for Grupo Codere, Spain’s largest gambling operator. The private equity firm, seeks to create the world’s leading Spanish-language gambling/betting group, merging its recently acquired Grupo CIRSA asset with Codere’s enterprise. In its report, OK Diario details that Blackstone executives have turned …

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New business & partnerships deliver for Paysafe Group this H1 2017

Publishing its H1 2017 interim results, digital payments services provider Paysafe Group plc has reported an 11% increase in group revenues to $538 million. The leading industry payments provider, Paysafe is currently the subject of a £3 billion takeover deal by the combination of private equity firms CVC Capital and Blackstone (bid proposed on August 2017). Closing its H1 2017, …

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Paysafe board recommends £2.96bn offer from CVC and Blackstone

Major payments provider Paysafe is to be acquired by private equity giants CVC and Blackstone after the company’s board gave a great light to the 590p per share offer that was put on the table last month. The deal values Paysafe at £2.96bn and brings the company, which recently bought affiliate scheme business Income Access, under the ownership of two …

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Blackstone acquires majority shareholding in Clarion Events

iGaming Business (Clarion Gaming subsidiary) has today revealed that parent operating company Clarion Events has been acquired by London private equity firm Blackstone. The industry news source did not reveal any details regarding the sum of acquisition but stated that new owner Blackstone had taken over the majority shareholding from Providence Equity Partners who had acquired the company in 2015 …

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