Zona de Azar Spain – Cirsa Receives Approval to Acquire 68% of CasinoPortugal

Spain.- January 6th 2025 www.zonadeazar.com Cirsa Group, a multinational company in the gaming and entertainment sector headquartered in Spain and owned by Blackstone, has received approval from Portuguese authorities to acquire a 68% stake in CasinoPortugal.

The transaction, which was approved in the last quarter of 2024, will be financed with available cash, meaning it will not affect the company’s debt. This move represents a key step for Cirsa in its plans to go public.

Founded in 2017, CasinoPortugal specializes in online gaming, including casinos and sports betting. The Portuguese company is expected to generate revenue of EUR 15 million in 2024 (approximately USD 15.4 million), establishing itself as a significant player in the sector.

As highlighted, this acquisition strengthens Cirsa’s international expansion strategy, increasing its presence in the European gaming market and positioning it to capitalize on the growth of the sector in Portugal.

Edited by: @MaiaDigital www.zonadeazar.com