CIRSA has entered the Paraguayan gambling market after securing a majority stake in the online and land-based operator Slots del Sol.
Alongside two casinos and two gaming halls in the retail gaming market in Paraguay, CIRSA will also gain control of Slots del Sol’s online platform.
CIRSA noted that the Slots del Sol omnichannel structure is ‘fully aligned’ with its overall strategy and will allow it to continue to strengthen its omnichannel plans.
Joaquim Agut, Executive Chair of CIRSA, stated: “This acquisition reinforces CIRSA’s strategic commitment to accelerating growth in the online gaming space.
“Paraguay represents an attractive and highly stable regulated market, with strong fundamentals, and Slots del Sol provides us with a leading platform from which to continue expanding our online capabilities in the region.”
CIRSA also claimed that the transaction multiple is in line with its previous transactions and will be financed with available cash. It is not expected to have a significant impact on the group’s leverage, with the transaction ‘expected to be highly positive’ in terms of value creation and profitability.
Antonio Hostench, Chief Executive Officer of CIRSA, added: “Slots del Sol has demonstrated exceptional performance, with outstanding capabilities in online operations.
“We are delighted to partner with its founding shareholders and are confident that we will be able to combine our global experience and best-in-class capabilities with their local knowledge and expertise to drive future growth.
“The transaction will contribute to improving the margins of our online gaming business.”
CIRSA is scheduled to publish its financial results for the second quarter of 2026 later this month on 30 July.