CIRSA has announced the acquisition of a majority stake in Slots del Sol
The CIRSA Group has acquired a controlling stake in the Paraguayan operator Slots del Sol. This acquisition allowed the company to enter the Paraguayan gambling market, ensuring its presence both in the land-based casino segment and in the iGaming sector.
The terms of the transaction and the exact number of shares sold have not been disclosed. However, CIRSA has stated that it will finance the purchase using its existing cash reserves, avoiding any debt.
CIRSA also indicated that acquiring a majority stake in Slots del Sol aligns with its strategy of international diversification and provides access to a growing economy with stable regulation. Upon closing the deal, CIRSA will operate in seven Latin American markets: besides Paraguay, it conducts business in Colombia, Mexico, Peru, Panama, Costa Rica, and the Dominican Republic.