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
SBC Summit Americas 2025
13 de May 2025
Uplatform Aims to Redefine iGaming Success with Networking, Localization, and Customer Journey Mapping
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas, Uplatform emphasized the power of strategic networking, data-driven localization and CJM to help operators thrive in the competitive iGaming market. María, Head of Marketing, shares how understanding regional nuances and focusing on overlooked player touchpoints can elevate brands from mere presence to lasting trust. Dive into her insights on industry trends, innovation, and why creativity is a rare gem in expos.
Monday 16 Jun 2025 / 12:00
ProntoPaga Drives the Fintech Revolution with SmartPIX and SmartRouting in LATAM
(Fort Lauderdale, SoloAzar Exclusive).- Evans Concha, CTO and Founder of Pronto Paga, shared the main innovations launched this year and how they impact the regional fintech industry. With a firm commitment to new technologies and cybersecurity, the company is positioning itself as a leader in the sector. Discover how it is redefining the future of digital payments in this article.
Friday 13 Jun 2025 / 12:00
Pay4Fun consolidates its position as a 100% Pix Payment Gateway and expands its reach in LatAm
(Fort Lauderdale, SoloAzar Exclusive).- Pay4Fun strengthens its position as a 100% Pix payment gateway with direct integration with the Central Bank, guaranteeing maximum security and efficiency in transactions. At SBC Summit Americas, Leonardo Baptista highlights the role of networking and innovation in an environment where technology and regulation are key. Discover how Pay4Fun is shaping the future of digital payments.
Thursday 12 Jun 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.