Cirsa has acquired a majority stake in Paraguay’s Slots del Sol, giving the Spanish group an online casino operation and an entry into a new regulated Latin American market. Cirsa said it will fund the transaction with available cash and does not expect a significant effect on leverage.
The acquisition gives Cirsa an established online and land-based casino platform in Paraguay’s regulated market.
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Capula Investment Management disclosed a stake of slightly more than 1% in Cirsa and a short position of 0.5% in Lottomatica to Spain’s CNMV. The positions were valued at approximately €30m and €35m respectively, as the proposed integration awaits a vote by Lottomatica shareholders scheduled for 23 November.
Capula Investment Management has disclosed a stake of just over 1% in Cirsa and a 0.5% short position in Lottomatica to Spain’s CNMV during the companies’ proposed integration. The Cirsa stake is valued at about €30m and the Lottomatica short position at around €35m.
CIRSA is exploring opportunities to expand its omnichannel presence in Spain, chief executive Antonio Hostench said during an analyst conference. The model under consideration would combine Sportium sports betting with other in-person gaming products in venues; Hostench said the company might complete an operation before year-end but gave no locations or agreements. Chairman Joaquim Agut said CIRSA viewed its decision not to enter Brazil positively.
Cirsa said it had agreed to merge with Lottomatica, with completion expected in the second quarter of 2027, subject to shareholder approval. Cirsa shareholders would receive 0.668 newly issued Lottomatica shares per share, giving them 32.5% of the combined company; the agreement also provides for a €262 million Cirsa dividend before the exchange.
It was reported that CIRSA’s online division generated €169m in Q2 revenue, increasing 22.4% year-on-year. Online EBITDA declined 1.1% to €30.7m despite growth in betting and casino turnover.
Cirsa announced plans on 18 June to raise €460m through an initial public offering in Spain, with applications planned for the Barcelona, Bilbao, Madrid and Valencia exchanges. The company is seeking €400m in new capital and about €60m through secondary share sales; completion and timing remain subject to market conditions and CNMV approval.