Efficiency is doing the thing right. Effectiveness is doing the right thing.
—Peter F. Drucker
30th April 2018  
 
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The Story

The Spanish gaming giant has been acquired through private equity funds managed by The Blackstone Group, allowing the latter to own Cirsa’s properties in Spain, Italy, and Latin America.

 

Cirsa walks away from the deal with a €2b-€2.5b paycheck.

The agreement will allow the Blackstone Group to get Cirsa’s casino, bingo, and sports betting operations which are spread in over 147 casinos, 178 salons, 70 bingo halls, over 2k sports betting points of sale and over 75k gaming machines globally. Aside from the gambling operations, Cirsa’s sports betting operation is also part of the purchase. Joaquim Agut, who has been Cirsa’s CEO since 2006, will become the company’s new chairman.

 
 
 
 
 
 
 
 
 

Roman Bout on how Quintessence teaches partners proper marketing

In this interview with CalvinAyre.com’s Stephanie Tower, the Quintessence LLC executive recounts the experiences that led him to win the inaugural iGaming Asia Congress innovation Start-up Launchpad.

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CoinGeek supports Bitcoin.com in lawsuit over real Bitcoin

CoinGeek welcomes this opportunity to subject the merits of both BTC and Bitcoin Cash (BCH) to scrutiny in court.

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  ASIA
Bloomberry wins bid for $714M Solaire twin lots

The Philippine-listed casino operator has purchased the 16-hectare lot where Solaire Casino stands after two failed auction sales. 

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Fitch: Capacity rule stymies Japan gambling revenue

The international credit watcher pegged the Japan’s potential annual gaming revenue to $6b, a number that is well below the consensus of other financial analysts.

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  EUROPE
Svenska Spel’s online gambling growth outpaces int’l competitors

Sweden’s online gambling monopoly beat out its internationally-licensed competitors, generating a turnover of SEK5.63b (US$618m) in the first three months of 2018.

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  NORTH AMERICA
It’s his turn: Steve Wynn sues ex-casino worker for defamation

The embattled casino mogul is fighting back with a lawsuit against former Wynn Las Vegas artistic director Jorgen Nielsen, who Wynn claimed supplied the media false information about him.

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Casino relief bill gets Delaware Senate approval

A proposed legislation that seeks to give casinos in Delaware a new lease in life and continue to provide jobs to its constituents has breezed through the state Senate.

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  FACT YOU NEED TO KNOW
 

In April 2013, the Mohegan Sun in Uncasville, Connecticut, and Bally Technologies’ software powered approximately 1,100 slot machines for more than 5,000 participants. Two heats were played in a 24-hour period and the winner of the tournament won $50,000 in cash. The said event would go down in history as the largest slots tournament conducted.

 
 
 
 
 
 
 

Betsoft Gaming reaches new casinos via Groove Gaming deal

The agreement will entail Groove Gaming to add every game from the Slots3 series, along with the complete collection of Betsoft’s table games, to its library of more than a thousand titles.

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Congratulations to Sam Greenwood for winning the €100,000 Super High Roller at the European Poker Tour (EPT) Monte Carlo! Greenwood defeated Christoph Vogelsang in heads-up action to take the €1,520,000 first prize.
 
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