The investment fund Blackstone is hungry, very hungry even! After jumping on the French casino group JOA, the US giant has decided to set its sights on the largest operator of casinos in Spain: Cirsa Gaming Corp. The biggest casinotier spanish In late April, Blackstone – a specialist in acquisitions and acquisitions – announced that it had reached an agreement with Cirsa to take control of the firm’s casino, bingo and sports betting operations in Spain, Italy and Latin America.
Only Argentine operations were excluded from the deal. The purchase price of the Spanish monster will be between €2 and €2.5 billion. According to the information provided on this deal, Sports Betting Blackstone’s main rival to buy Cirsa was Apollo Global Management. Apollo is best known for being the largest shareholder in Caesars Entertainment. Last year, Sports Betting Blackstone announced that it had taken control of the French casino firm JOA. Since then, the number 3 French aims to want to double volume by 2022.
On the side of Cirsa, the statistics are quite impressive since the Spanish group has 147 casinos, 178 gaming halls, 70 bingo halls and more than 2,000 sports betting lounges.