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Cirsa's Q1 2025 revenue reached 577 million euros, with online gambling driving overall growth.

Cirsa's Q1 2025 revenue reached 577 million euros, with online gambling driving overall growth.

Spanish gaming company Cirsa announced its financial results for the first quarter of 2025, with quarterly revenue reaching 576.7 million euros, a year-on-year increase of 12.5%, driven primarily by the strong performance of its online business. EBITDA for the quarter grew 9.1% to 178.8 million euro

25like·0comment06-06
Blackstone postpones Cirsa's IPO due to market volatility.

Blackstone postpones Cirsa's IPO due to market volatility.

While the initial plan anticipated the start of the stock market operation for today, Thursday, March 13, it was decided to wait until, at least, after Easter.Spain.- Blackstone, owner of Cirsa, has decided to postpone the company's IPO, initially scheduled for before Easter, due to geopolitical unc

30like·0comment03-19
Cirsa IPO on Hold as Blackstone Reacts to Market Uncertainties

Cirsa IPO on Hold as Blackstone Reacts to Market Uncertainties

Cirsa IPO on Hold as Blackstone Reacts to Market UncertaintiesLate last month, we reported that the private equity firm, Blackstone, may consider introducing initial public offering (IPO) for Cirsa, the leading Spanish gambling company. Going public on Madrid’s stock exchange may raise between $746

33like·0comment03-18
Focus on Asia: The waiting game

Focus on Asia: The waiting game

Recent rumors suggesting that U.S. private equity giant Blackstone could make a move to acquire Australia’s ailing Star Entertainment Group echo similar talk that has been doing the rounds across the industry over the past few months, particularly since Star revealed that it is on the brink of going

31like·0comment03-12
Casino operator CIRSA nets peak profit in 2024 as owner Blackstone keeps Spain waiting

Casino operator CIRSA nets peak profit in 2024 as owner Blackstone keeps Spain waiting

CIRSA has declared 2024 its “best year in business”, achieving a record €699 million [$731 million] in operating profits. This marks the third consecutive year of record-breaking performance since Blackstone acquired the company in 2018.Revenue rose 8% year-on-year, reaching €2.15bn, compared to €1.

28like·0comment02-23
Superbet secures $1.6B refinancing from Blackstone and HPS to accelerate global expansion, tech investment

Superbet secures $1.6B refinancing from Blackstone and HPS to accelerate global expansion, tech investment

Superbet has finalized a €1.3 billion ($1.6 billion) refinancing agreement with its long-time investors, Blackstone and HPS Investment Partners. The new financing package is expected to provide the necessary capital for Superbet’s continued expansion, technological advancements, and entry into high-

30like·0comment02-13
Superbet Announces Important €1.3B Injection of Capital

Superbet Announces Important €1.3B Injection of Capital

Superbet Announces Important €1.3B Injection of CapitalSuperbet, the Romanian group that wants to “bring exciting, technology-powered entertainment in Sports & Gaming to millions of customers around the world,” has completed a €1.3 billion ($1.34 billion) refinancing agreement with Blackstone.Th

31like·0comment02-12
Blackstone shows interest in buying another Australian casino operator

Blackstone shows interest in buying another Australian casino operator

The New York-based private equity firm already acquired Crown Resorts in 2022.Australia.- The US investment fund Blackstone Group is reportedly interested in acquiring The Star Entertainment Group, which is going through financial challenges. The group bought Crown Resorts in 2022, and it is believe

25like·0comment02-05
Blackstone Could Wait for Star to Be Placed Under Administration

Blackstone Could Wait for Star to Be Placed Under Administration

Blackstone Could Wait for Star to Be Placed Under AdministrationBlackstone, a major alternative asset manager with over $1 trillion in assets under management, is reportedly eyeing ASX-listed group that owns and operates The Star Sydney, The Star Gold Coast, and Treasury Brisbane, Star Entertainment

26like·0comment02-05
CIRSA secures 68% stake in CasinoPortugal following regulatory approval

CIRSA secures 68% stake in CasinoPortugal following regulatory approval

Grupo CIRSA, a Spanish gambling operator owned by Blackstone, has received regulatory approval to acquire a 68% majority stake in CasinoPortugal.pt.The acquisition, initially proposed in September 2024, was approved by Portuguese regulatory bodies, including the Competition Authority (AdC), the Comi

29like·0comment01-09
CIRSA nets 68% stake in CasinoPortugal as Blackstone IPO lingers

CIRSA nets 68% stake in CasinoPortugal as Blackstone IPO lingers

Grupo CIRSA has received regulatory approval to acquire a majority stake in CasinoPortugal, expanding the online portfolio of the Blackstone-owned Spanish gambling group.On Friday, CIRSA confirmed it had secured approval from Portuguese authorities to acquire a 68% stake in CasinoPortugal.pt, a deal

32like·0comment01-07
Blackstone to partially float Cirsa in Madrid IPO, eyes to raise up to $1.1 billion

Blackstone to partially float Cirsa in Madrid IPO, eyes to raise up to $1.1 billion

U.S. private equity giant Blackstoneplans to list shares of Cirsa, a Spanish gaming company, on the Madrid stock exchange in the first half of 2025, aiming to raise between €700 million and €1 billion ($732 million to $1.1 billion), according to Spanish newspaper Expansión. The listing is expected

28like·0comment2024-12-02
Blackstone set to list CIRSA in Spain

Blackstone set to list CIRSA in Spain

Everi Holdings‘ stockholders have voted to approve the pending simultaneous acquisition of Everi and IGT’s Gaming & Digital business by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management.Apollo Global’s deal for Everi and IGT’s Gaming & Digital bu

27like·0comment2024-11-29
Blackstone to list Cirsa shares in Spain IPO next year

Blackstone to list Cirsa shares in Spain IPO next year

Private equity investor Blackstone plans to list shares of Spanish gambling company Cirsa in the first half of 2025 in an initial public offering, local newspaper Expansion reported on Monday, citing unidentified market sources.Blackstone would raise between 700 million euros and 1 billion euros ($7

22like·0comment2024-11-29
Blackstone Plans Spain IPO for Cirsa in 2025

Blackstone Plans Spain IPO for Cirsa in 2025

Blackstone Plans Spain IPO for Cirsa in 2025Blackstone, the US-based private equity firm, is getting ready to put some of its shares in the Spanish gambling company Cirsa on the Madrid stock exchange at the start of 2025.IPO Planned as Blackstone Eyes €700M to €1B Market ValuationThe company wants t

31like·0comment2024-11-29
Blackstone injects nearly $337 million into struggling Crown Resorts

Blackstone injects nearly $337 million into struggling Crown Resorts

Blackstone has provided nearly AU$500 million ($337 million) in financial support to Crown Resorts in 2023, according to the Australian Financial Review. The capital injection comes as the casino operator grapples with ongoing regulatory challenges and a decline in high-roller customers. The funding

0like·0comment2024-10-21
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