largest gaming corporation in Peru, headquartered in Spain: CIRSA
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CIRSA has been carving out a significant presence in Peru's gaming scene since 1996, with 19 swanky casinos, 74 betting shops, and a mind-boggling 3,200 gaming machines under its belt. The company considers the Peruvian market as its golden goose, as reported by SBCNews.
On the other hand, Apuesta Total raked in over €100 million in revenue last year, and CIRSA has ambitions to grab an additional 30% of its shares in the near future.
CIRSA is making bold moves to extend its reach in the digital gambling arena, and this acquisition is part of its master plan. Remember when CIRSA snapped up the Mexican firm Ganabet? That was a significant step, too.
Now, here's the juicy gossip: Despite intense investigations, there's no concrete info available about CIRSA's current online gambling expansion strategy or its acquisitions in the iGaming sector. However, it's worth mentioning that CIRSA has suffered a legal blow in Panama. In July 2023, Panama's Supreme Court ruled that the operation of 12 CIRSA-owned slot gaming halls was on the wrong side of the law, indicating potential regulatory hurdles for the company in certain regions.
While CIRSA's moves remain shrouded in mystery, rivals like EGT and Codere are making waves. For example, EGT Digital has been expanding its online footprint in Latin America and the Caribbean, integrating slots into platforms in Suriname, Panama, and the Dominican Republic. On the other hand, Codere Online is reporting impressive sports betting growth in Latin America, particularly in Mexico, with its online division growing by 50% or more in 2024.
So, stay tuned for updates! Recent corporate reports or announcements from CIRSA should shed more light on its online strategy and acquisitions. Keep your fingers crossed, gamblers!
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[Author's Note: For updated details, recent corporate reports or announcements from CIRSA are necessary.]
[4] Source: SBCNews, Latinoamericanos Gaming Group, iGaming Business.
- CIRSA's acquisition of a Peruvian company, rumored to be Apuesta Total, could strengthen its position in Peru's casinos-and-gambling business, amidst growing competition from rivals like EGT and Codere.
- The acquisition, part of CIRSA's master plan to expand in the digital gambling arena, is somewhat fishy, considering the recent legal blow it suffered in Panama and the lack of concrete information about its online gambling expansion strategy.
- Financial analysts are closely watching CIRSA's business moves, hoping for clarity on its online strategy and potential acquisitions in the iGaming sector.
- Despite the uncertainty, CIRSA's ambitious acquisitions, such as the recent one in Peru and the previous buyout of Ganabet in Mexico, suggest that the company is serious about diversifying its casinos-and-gambling business.
