Cirsa enters Paraguay with the acquisition of Slots del Sol
Cirsa Group, a multinational gaming sector company owned by Blackstone, announced the acquisition of a majority stake in Slots del Sol, an online casino company in Paraguay. The operator offers an online casino through slotsdelsolonline.com, in addition to two casinos and two gaming halls in the country, an omnichannel structure that the company described as fully aligned with its strategy.
For Cirsa, Paraguay represents an adjacent market that fits its international diversification plan, offering a stable and growing economy and, in the gaming sector, stable regulation for many years. The Spanish company expects that, due to its incremental characteristics, the transaction will be highly positive in terms of value creation and profitability.
Joaquim Agut, executive chairman of Cirsa, stated that the acquisition reinforces the group's strategic commitment to accelerating growth in online gaming, and described Paraguay as an attractive and very stable regulated market, with solid fundamentals, where Slots del Sol provides a leading platform to continue expanding its online capabilities in the region.
For his part, Antonio Hostench, CEO of Cirsa, highlighted the performance of Slots del Sol and its capabilities in online operations, and affirmed that combining the group's global experience with the local knowledge of the acquired firm will drive future growth and improve the margins of the online gaming business. The company specified that the operation will be financed with available cash and that it does not expect it to have a significant impact on the group's leverage.
Tags: Cirsa Group, Slots del Sol, Blackstone, acquisitions in Paraguay, Joaquim Agut