Spain’s largest casino operator, Cirsa Gaming Corporation SA, has reportedly been purchased by American private equity management firm The Blackstone Group via a deal that is rumored to be worth as much as €2.5 billion ($3 billion).
According to a Sunday report from CalvinAyre.com, The Blackstone Group overcame competition from fellow New York-based rival Apollo Global Management to buy Cirsa Gaming Corporation SA and will now take control of the gaming firm’s casino, sportsbetting and bingo operations in Latin America, Italy and Spain.
CalvinAyre.com reported that Cirsa Gaming Corporation SA, which was established by billionaire Spanish businessman Manuel Lao Hernandez in 1978, is responsible for some 147 casinos offering around 75,000 slots as well as approximately …