CIRSA has announced the CIRSA Paraguay acquisition with the purchase of a majority stake in Slots del Sol.  The acquisition also strengthens CIRSA’s omnichannel business by combining online and land-based gaming operations.

• Slots del Sol operates Paraguay’s largest online casino through slotsdelsolonline.com. The company also owns two casinos and two gaming halls in the country, giving CIRSA an established omnichannel presence. The CIRSA Paraguay acquisition adds a new regulated market to the group’s international portfolio.
• CIRSA said the purchase price multiple is consistent with previous acquisitions completed by the company. The deal will be funded with available cash and is not expected to have a material impact on the group’s leverage.
• CIRSA Executive Chairman Joaquim Agut said: “This acquisition reinforces CIRSA’s strategic commitment to accelerating growth in the online gaming space.” He added that Paraguay is an attractive regulated market and that Slots del Sol provides a strong platform for further regional expansion. The CIRSA Paraguay acquisition is expected to support the group’s online growth plans.
• CIRSA CEO Antonio Hostench said Slots del Sol has built a strong online operation and that CIRSA will combine its international experience with the local team’s expertise. He said the transaction is expected to improve the margins of the company’s online gaming business. CIRSA will continue working with the founding shareholders following the acquisition.
•  Slots del Sol has been operated by Entretenimientos del Sur S.A. and was holding a CONAJZAR licence valid for operating an online casino alongside two casinos and two gaming halls.

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