Tag Archives: CIRSA

GAMING1 hires David Carrion as CMO for imminent international expansion

Belgium igaming platform supplier GAMING1 has confirmed the appointment of former Stars Group Inc executive David Carrion as Chief Marketing Officer (CMO), leading the firm’s imminent international B2B expansion. Joining the firm’s C-level executive team, Carrion has been tasked with expanding ‘international awareness’ of GAMING1’s products and services as the company undertakes its commercial expansion beyond 2020. GAMING1 highlighted Carrion’s …

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CIRSA confirms Antonio Grau as inbound CFO

Spanish gambling and leisure firm Grupo CIRSA SA has confirmed the inbound appointment of Antonio Grau as new Chief Financial Officer (CFO). Grau will join the CIRSA executive leadership team this October replacing incumbent CFO David Royo, who during Q2 trading announced that he had chosen to end his 13-year tenure leading CIRSA financial units. An expert in corporate financing, …

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Codere avoids total collapse with 12-month credit line 

Codere SA will escape bankruptcy after the embattled Spanish gambling group secured new terms on its debt arrangement with US debt-holders.  The Bolsa Madrid gambling group is reported to have secured a 12-month funding arrangement with a US hedge fund which will guarantee a €120-150 million credit line for the company to fund its operations and repay its deferred debt …

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CIRSA focuses on Spanish reopening following Q1 wipeout

CIRSA has reported that strong January and February growth was wiped-out by Coronavirus circumstances, which forced the Spanish gambling operator to shut down its entire retail gambling presence. The Blackstone Group owned operator reported that company performance had been in-line with expectations until March, as Q1 operating revenues declined by 6% to €355 million. Publishing its top-line results, CIRSA revealed …

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Sportium upgrades entire security infrastructure with Dell EMC

Sportium, the flagship bookmaker property of Spanish gambling conglomerate Grupo CIRSA, has completed a network securities upgrade led by multinational IT infrastructure and engineering group Dell EMC. The project saw Sportium revamp its entire IT securities infrastructure operating across its network of 3,000 retail betting points servicing +8,000 wagering terminals. Sportium’s systems upgrade was led by Dell EMC’s technology security …

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CIRSA gains competition clearance on Sportium takeover

Spain’s Competition & Markets Authority (CNMC) will allow Grupo CIRSA to acquire bookmaker Sportium outright, permitting the Blackstone owned operator the right to purchase Ladbrokes 50% joint-venture shareholding. The CNMC had been forced to review CIRSA’s pending €70 million acquisition of Ladbrokes JV stake in Sportium, which would see CIRSA control Spain’s biggest wagering network made-up of 3,000 retail betting …

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CIRSA orders Catalan makeover to complete Giga Games acquisition

Following a review by Spain’s Competition & Markets Commission (CNMC), Grupo CIRSA has been ordered to restructure its Catalonian commercial presence in order to complete its acquisition of slot machine and arcade hall operator Giga Games. CNMC has ordered CIRSA governance to dispose of two of its Barcelona bingo halls, whilst further demanding that the Blackstone owned gambling group ‘terminate …

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GVC Holdings confirms Sportium JV disposal

FTSE100 GVC Holdings has this morning disclosed that it will sell its 50% stake in Spanish bookmaker Sportium to joint-venture partner Grupo CIRSA for €70 million. GVC secures its interest in Sportium, through its ownership of Ladbrokes, who in 2007 launched Sportium entering a 50/50 partnership with CIRSA. Last May, Spanish business news sources reported that CIRSA had filed a …

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Crowded field pitches up for BA online gambling tender

As anticipated the upcoming Buenos Aires online gambling tender will see a raft of international gambling operators’ partner with Argentine enterprises seeking to secure one of seven IPLyC licenses.  Setting a 25 June deadline for final applications, this May, BA’s regulatory gambling body IPLyC published its ‘official criteria for competition’, outlining key venture requirements to compete for BA-7 licenses. Though …

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Argentine players seek international tie-ups to secure BA-7 licenses

Argentine news reports of a ‘diverse cast’ of national and international operators vying to secure one of seven Buenos Aires province online gambling licenses. On Monday, the Buenos Aires executive closed its ‘window of submissions’ for operators seeking to join BA’s regulated online gambling marketplace. Argentina’s first legislative code for online gambling was approved last April, as BA districts sanctioned the …

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