Tag Archives: Giga Games

Blackstone reviews CIRSA options as pandemic wipes out IPO potential

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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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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CIRSA completes €390 million bond placement eyeing future investments

Spanish gambling firm Grupo CIRSA has confirmed that it has secured a €390 million bond placement with private investors. Issuing a market filing, CIRSA majority owned by US private equity firm Blackstone, confirms that 120 institutional investors have backed its bond arrangement, which maintains a 4.75% annual interest rate, with debt maturity triggered in 2025. In its update, CIRSA governance …

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Blackstone continues Spanish affair acquiring Giga Games

Spanish Gambling firm Grupo CIRSA has confirmed that it has acquired slot machine distributor and gaming hall operator Giga Games, from Spanish private leisure and gambling fund Conei Corporacion. The transaction sees the Lao Hernandez family engage once more with US private equity group Blackstone, who last year acquired CIRSA from Spanish gambling tycoon Manuel Lao Hernandez for approximately €1.5 billion. …

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