Mikel López de Torre has stepped down as Digital Director of Sportium, the Spanish sportsbook property of Grupo CIRSA. Announced on LinkedIn, López de Torre confirmed the end of his near decade-long tenure as Digital Director of Sportium, beginning in 2014, during which he led the sportsbook’s online sales, operations, and marketing units. CIRSA launched the Sportium brand in 2007 …
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Sportium named Manchester City LatAm betting partner
Sportium has become Manchester City’s latest sports betting partner, in a regional agreement focused on Latin American markets. As theofficial Latin American betting partner of the side, the Spanish company will receive digital and in-stadia branded assets at the Etihad Stadium, whilst co-branded content will be produced for its customers in the region. The deal is the Premier League club’s …
Read More »Winning Post: LatAm… Get local or die tryin
Whilst operators are highly motivated by the commercial opportunity offered by LatAm jurisdictions as the sector’s next boom markets. Regulus Partners warns of the perils of not executing a native approach to service ‘new world’ customers… Peru and Chile are likely to be joining Mexico, Colombia, and Argentina (province by province) as major LatAm countries which are offering domestically regulated …
Read More »Winner Group & Sportium merger sees CIRSA transform its Colombia vision
Blackstone-owned Grupo CIRSA has reorganised its Colombian market presence, allowing its Winner Group CIRSA casino subsidiary to take control of the Sportium Colombia brand. The move was sanctioned as CIRSA aims to support Winner Group’s ambitions to become ‘Colombia’s leading gambling operator for land-based and online gambling disciplines’. Established in 1997, CIRSA’s Winner Group subsidiary operates 72 gambling venues (arcades, …
Read More »CIRSA improves trading outlook following positive LatAm reopenings
Grupo CIRSA, the Blackstone-owned Spanish gambling group, revealed that 2021 trading is ‘on par with company expectations’ as its global land-based units continue to be impacted by COVID circumstances. Publishing a Q1 2021 trading overview, the CIRSA registered group operating profits of €28.6 million, generated from corporate revenues totalling €156 million. CIRSA underscored that period operating profits were generated against …
Read More »CIRSA stands by global portfolio despite €255 million loss
Grupo CIRSA, Spain’s largest gambling operator, has published its 2020 financial accounts, revealing group-wide operating losses of €255 million. CIRSA, which is fully owned by US private equity fund Blackstone Group, cites that its financial performance had ‘rebounded’ during the second half of 2020 trading, as the company posted a better than anticipated full-year EBITDA of €126 million. Nevertheless, CIRSA …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »Sportium declares its ‘Panama intent’ for 2020
Spanish bookmaker Sportium has confirmed that it will enter Panama’s sports betting marketplace in 2020, and plans to launch 20 new betting points across the nation. Accompanied by Panama’s most famous sporting son, boxing legend Roberto ‘Hands of Stone’ Duran, last week Sportium leadership held a conference in Panama City’s Majestic Casino – a property which will serve as one of …
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