Blackstone continues Spanish affair acquiring Giga Games
Thursday 02 de May 2019 / 13:49
2 minutos de lectura
(Spain).- Spanish Gambling firm Grupo CIRSA has confirmed that it has acquired slot machine distributor and gaming hall operator Giga Games, from Spanish private leisure and gambling fund Conei Corporacion.
The transaction sees the Lao Hernandez family engage once more with US private equity group Blackstone, who last year acquired CIRSA from Spanish gambling tycoon Manuel Lao Hernandez for approximately €1.5 billion.
Operating CIRSA, the US hedge fund has moved to acquire Giga Games, a company founded, and majority owned by Juan Lao Hernandez, brother of Manuel.
Spanish news sources maintain that Manuel Lao holds no equity in Giga Games, an enterprise founded by Juan Lao back in 1998, following his split from CIRSA’s executive team, which saw him sell his entire shareholding back to the family.
Deal parties have chosen not to disclose any terms related to the approved transaction. However Spanish news sources report that Giga Games had booked-in an operating income of €120 million during 2018.
Securing the deal, Blackstone will merge all Giga Games properties and services under CIRSA – an asset which Blackstone seeks to convert into the leading Spanish language global gambling group.
Absorbing Giga Games, CIRSA secures operating contracts for more 9,000 gaming machines servicing Spanish bars and adult premises.
Furthermore, CIRSA will double its gaming hall presence within its home province of Barcelona, and gain new properties in Valencia, the Balearic and Canary Islands.
Categoría:Gaming
Tags: CIRSA, Blackstone,
País: Spain
Event
GAT EXPO CARTAGENA 2025
28 de April 2025
Colombian Olympic Committee, GAT Expo, and Colombian Official Esports Announce Historic Partnership to Promote Esports as an Olympic Discipline in Colombia
(Cartagena) - The Colombian Olympic Committee (COC) and GAT Esports have sealed a strategic partnership to promote esports as part of the country's professional sports ecosystem. The announcement was made at a formal ceremony held at the gaming industry products and services exhibition hall, attended by Marco Emilio Hincapié, President of Coljuegos, COC executives, José Aníbal Aguirre, CEO of GAT Esports, media, and special guests.
Wednesday 30 Apr 2025 / 12:00
GAT Expo 2025: Novelties, technology, innovation, and high-level networking in the magical city of Cartagena
(Cartagena, SoloAzar Exclusive).- Today concludes GAT Expo Cartagena 2025, which has taken place this week with the presence of 23 countries and more than 70 international brands in the historic city of Cartagena de Indias, with its cobblestone streets, flower-filled balconies, and centuries-old walls.
Wednesday 30 Apr 2025 / 12:00
Successful Start to GAT Expo Cartagena 2025, Which Continues with Two Days of Gaming Sector Exhibitions
(Cartagena, SoloAzar Exclusive).- Perfect attendance and strong performance were the highlights yesterday at the GAT Academy conference series at the start of GAT EXPO Cartagena, which continues today and tomorrow with the exhibition of products and services from important companies in the gaming sector, both traditional and online.
Tuesday 29 Apr 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.