CEJUEGO calls for equal gambling rules for public and private operators in Spain
CEJUEGO’s proposals seek consistent regulatory treatment for public and private operators and assessment of existing restrictions before further rules.
Business and regulatory developments involving CIRSA. Open in the feed
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Lottomatica, Casino Figueira, Sociedade Figueira Praia, CeJuego, ONCE, Blackstone
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CEJUEGO’s proposals seek consistent regulatory treatment for public and private operators and assessment of existing restrictions before further rules.
The signed plan sets out CIRSA’s proposed merger into Lottomatica, giving investors a formal agreement following September’s disclosure.
Board approvals advance the merger plan setting terms for Lottomatica to absorb CIRSA.
Lottomatica and CIRSA’s merger plan has board approval ahead of November votes, with BDO confirming the exchange ratio’s fairness.
The approved cross-border merger plan sets terms and conditions for absorbing CIRSA into Lottomatica.
Cirsa shareholders would receive 0.668 Lottomatica shares per share under the merger plan approved by both boards.
Investors have Morales-Hermo’s favourable assessment that the all-share merger would improve the combined group’s retail and online operations.
Offshore betting prohibitions and absent online licensing routes limit operators’ regulated entry options in Morocco, Tunisia and Egypt.
Corporate and regulatory approvals remain conditions for completing the combination of Cirsa and Lottomatica.
Investors gain management’s assessment of the merger, with Angelozzi citing CIRSA’s eight leadership positions to support his confidence.
Lottomatica’s merger assessment links confidence in Cirsa’s management with lessons from earlier deals that failed after excessive changes were sought.
The proposed Lottomatica–Cirsa merger would create the second-largest listed gaming operator worldwide by EBITDA.
The merger values Cirsa at six times its expected 2026 EBITDA of €800m.
Cirsa shareholders would hold 32.5% of the combined company, subject to shareholder and regulatory approvals.
The merger would combine the operators under Lottomatica and support CIRSA’s online expansion using Lottomatica’s digital capabilities.
Higher online revenue did not translate into increased divisional EBITDA.
The transaction would expand CIRSA’s Portuguese casino interests.
The investment extends Cirsa’s Portuguese presence into land-based casinos.
The acquisition expands Cirsa’s ownership interests in Portuguese casinos.
The acquisition expands CIRSA’s Portuguese land-based casino business.
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