Tag Archives: Joaquim Agut

CIRSA demands that Ladbrokes offload stake in Sportium joint-venture

Spanish business news source Economia Digital reports that Grupo CIRSA has sued joint-venture partner Ladbrokes (GVC Holdings) in relation to the ownership structure of its ‘Sportium’ subsidiary. Economia Digital reports that, in July 2018, CIRSA governance filed a Madrid Court challenge against Ladbrokes stating that Sportium joint-venture terms and agreements had been completely altered by GVC Holdings £4 billion takeover of …

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Blackstone confirms acquisition of Grupo Cirsa

US multinational private equity firm Blackstone Group has expanded its industry portfolio acquiring Spanish gambling operator Grupo Cirsa and its related assets. Deal stakeholders have chosen not to disclose financial terms, however Cirsa advisors have previously stated that the firm’s sale would target a €2 billion valuation. The Spanish operator’s outright sale has been mooted for a long time by …

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CIRSA continues strong 2015 momentum with Spain & Latin America expansions

Spanish gambling operator Grupo CIRSA has continued its strong 2015 momentum, reporting profits up 16% to €280 million for its year to date performance (period ending 30 September). The Barcelona based operator would record a 19.5% revenue uplift to £1.2 billion driven by sufficient expansion in its Latin American markets notably Costa Rica and Peru. To date, the operator maintained …

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CIRSA on the up with improved 2014 results

Spanish gambling operator Grupo CIRSA were pleased to announce an improved corporate performance for 2014 as the company finished 2014 strongly. The Barcelona based operator recorded improved revenues of 22% to €360 million for full year 2014. The improvement in revenue performance carried through to CIRSA’s top line metrics as the operator recorded a 2014 net profit of €56 million. …

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