Таг Арцхивес: Цирса
Spain – Cirsa and Luckia see plans for Vigo pass through final hurdle
A new casino in the city of Vigo will be up and running this year now that the project has received planning permission. Permission was finally granted earlier this week by the government of Galicia. The casino will have a maximum capacity providing space for up to 508 customers. The new casino will generate 105…
Andorra – Rival bidders demand Andorra licence is annulled
Four gaming operators which lost during the bidding process for the single casino licence in Andorra have denounced ‘serious’ irregularities during the process by the General Council as reported in a statement by Casinos Austria, Cirsa, Genting and Partouche. The companies together with their local partners, have requested the application of “the annulment of the…
Spain – Cirsa achieves operating profit growth of over six per cent for quarter
Cirsa Gaming Corporation recorded an operating profit of €95m in the third quarter of the year, from July to September, 6.7 per cent more than in the same quarter of 2017. In a statement, the company said that it had posted operating income of €367.3m, 5.3 per cent more than in the same period in…
Andorra – Casinos Austria, Genting, Partouche, Barrière and Cirsa challenge Andorra licence
Four of the groups that took part in the bidding process for the casino in Andorra have requested legal safeguards from the government so that the granting of the license to the winner Jocs, be suspended as a precautionary measure. The four operators – Casinos Austria, Genting, Partouche and Cirsa – have asked the Andorran…
Spain – Cirsa profits on the rise despite Latin America currencies devaluation
Cirsa Gaming Corporation has reported an operating profit of €90m for the second quarter of the year, 3.8 per cent more than in the same period last year. As reported by the company on Thursday (27 September) in a press release, operating income stood at €358.9m 3.2 per cent higher than the previous year. These…
Latin America – Cirsa’s Lat Am casinos hit by Euro devaluation
Spanish gambling company Cirsa has reported an operating profit in the first quarter of 2018 of €106.8m, 0.7 per cent more than the same period in 2017. The improvement was despite the unfavourable impact of €16.1m, as a result of the devaluation against the euro of all Latin American currencies. Operating income stood at €423.5m,…
Panama – Cirsa notifies Panamanian authorities of Blackstone deal
Spanish gambling company Cirsa has officially notified the Panamanian authorities and other countries of the sale of its casinos, to the Private equity firm Blackstone Group. The marketing and communication department in Spain informed Panama America that they have already made the corresponding arrangements to formalise the operation in Panama and with respect to the…
Spain – Blackstone wins out in race to buy Cirsa
Private equity firm Blackstone Group has beaten off competition from Apollo Global Management to buy Spanish gambling company Cirsa. The cost of the acquisition was not revealed although Cirsa had previously said it wanted between €2bn and €2.5bn. Joaquim Agut, CEO of Cirsa since 2006, will also assume the chairmanship of the Group. Since its…
Spain – New casino in Vigo could be operational this year
The President of the Luckia Group, José González Fuentes, and the manager of Cirsa, Braulio Pérez, have met with the mayor of Vigo, Abel Caballero, and the councillor for Commerce, Ángel Rivas to discuss plans that will give the go ahead for a new casino in the city of Vigo. Under current plans, the new…
