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Cirsa Gaming Corp casts its spell over a throng of US hedge fund giants

Athira A

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As reported by multiple Spanish media, Cirsa Gaming Corp, one of the world leaders in gaming and leisure activities and the Spain’s largest casino and bingo hall operator casted a spell over several US hedge fund giants, like the Advent International, Apollo Global Management, Blackstone Group and Cerberus Capital Management who were all found to be swirling around Cirsa, competing for its fair hand.

Billionaire Manuel Lao Hernandez, Cirsa’s majority owner, disclosed last November that he had tapped financial advisory firm, Lazard to aid him in weighing several strategic options, including a potential initial public offering, the sale of a minority stake in the company or an outright transfer of ownership. Analysts have suggested that the company has a valuation that tops off around €2b.

None of the funds mentioned in the Spanish media reports deigned to comment on their potential interest in Cirsa. Unidentified gaming companies are also reportedly making tentative kicks at Cirsa’s tires. Lazard is requiring all interested parties to submit non-binding bids in the coming weeks.

While rumours circulated last November that Cirsa was contemplating a tie-up with its Spanish rival Codere, Codere’s new management dismissed the rumours, by affirming that they were more focused on righting Codere’s floundering ship. Not for nothing, but a Blackstone subsidiary was one of the private equity groups that bailed out Codere a few years ago.

Cirsa generates an annual revenue of roughly €1.6b and earnings of over €400m. The company’s most recent quarterly results showed record earnings of €108m in the three months ending, September 30.

In addition to its Spanish casino and bingo business, Cirsa is involved with UK bookmakers Ladbrokes on the Sportium sports betting joint venture. Cirsa also has land-based and online operations in multiple Latin American markets, including Mexico, Panama and (soon) Colombia.

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Week 46 slot games releases

George Miller

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Make sure you check out this week’s latest slot game releases!

 

We kicked off this week with Eye Motion and their new game called: “Beating Fruits” slot from Beating series. This is considered to be a 20 line slot game, which contains Wild, Scatter icons, has Free Spin, chance and high 97% return to player percent.

Beating Fruits slot game

 

Evoplay Entertainment, the innovative game development studio, announced that it is to showcase its new slot title at SiGMA 2018 later this month. The game, Syndicate, is a thrilling journey into east coast America’s unsavoury underworld, where the proceeds of crime give players the chance of landing 1024 possible winning combinations. “Our mission with every game is to revolutionise the iGaming user experience through innovative gameplay and we’ve designed Syndicate to offer features never seen before in the industry. – commented Kate Romanenko, Chief Business Officer at Evoplay.

Evoplay Entertainment-Syndicate slot

 

Novomatic surprised us with the presentation of its Voodoo Fortunes slot game. The game was presented for the first time in Mexico on the Panthera Curve 1.43 cabinet, which delivers the game in impressive 4K resolution on a 43ins curved display. Created by Winfinity Games, Voodoo Fortunes is part of the Fortunes game series and impressed at the event with its detailed graphics and engaging gameplay.

 Voodoo Fortunes slot

 

Quickspin’s latest 4×5 videoslot: Tiger’s Glory, is its most action-packed showdown yet, pitting tiger versus gladiator in a story of epic victory. With Enraged Tiger Free Spin bonus triggered when three or more Bonus Scatter symbols hit the reels, the players follow the story of the victorious tiger, with free spins awarded whenever the tiger wins in battle.

Quickspin’s Tiger’s Glory slot

 

Iron Dog Studio presented its latest slot video game, The Curious Cabinet. It is a 5×4 slot game where players explore an antique dresser in macabre settings. Each of the features in The Curious Cabinet has a supernatural history: a human heart is pierced with voodoo pins; a skull has cursed rubies in its eye sockets. And two spooky scatter symbols—a sinister doll and a keyhole with a monstrous eye on the other side—come to life as they expand with rich animations and reveal potentially spectacular payouts.

 The Curious Cabinet slot

 

Wazdan has launched another immersive HTML5 slots gam: Black Hawk Deluxe, which is the thrilling sequel to their incredibly popular Black Hawk. Set in the impressive haunted grounds of a spooky castle, this 4-reel, 3-column slot from the master games-maker includes a soundtrack to send shivers up the spine with rattling chains of ghosts abandoned in the dungeons and a menacing Black Hawk who soars and swoops charged by vicious lighting strikes that frizzle across the screen adding an air of terror to the quest for gold and treasure.

Wazdan's Black Hawk Deluxe horror game launch

 

Nolimit City introduced their latest release – Welcome to Ice Ice Yeti! Nolimit’s cutest and most rewarding game to date! Ice Ice Yeti is designed to appeal to players of all kind – with expanding reels from 5×4 growing up to 5×7, the game is a definite pleaser to all those seeking the biggest rewards after a good chase. Boasting over 16,000 ways of possible winning combinations and over 8820x multiplier possible win, this is Nolimit’s most volatile game to date.

Ice Ice Yeti slot

 

Yggdrasil Gaming has released its first ever branded slot game – Nitro Circus, an adrenaline-fuelled game featuring Nitro Circus’ biggest stars, greatest stunts and craziest vehicles. Yggdrasil’s exclusive Nitro Circus slot brings the adrenaline fuelled action of the arena to online casinos. The stand out feature of the game is the unique Nitro Jump which is inspired by the infamous 15-metre Giganta Ramp seen in Nitro Circus’ live shows.

Yggdrasil’s Nitro Circus Slot Game

 

Leading casino supplier Play’n GO announced the release of their latest slot game, Dragon Maiden; an epic slot adventure full of flame and fortune! This new slot centres around Geneth the Dragon Maiden, a legendary warrior who is the key to conquering the fearsome Red Dragon, unlocking its awesome power and the untold riches it guards.

Play’n GO new slot

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Asia

Philippines casino shows strong results

Niji Ng

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Philippines casino shows strong results
Photo Source: vigattintourism.com
Reading Time: 1 minute

 

Resorts World Manila, an integrated resort in the Philippines posted impressive results for the third quarter to September 30. The company reported an overall revenue of PHP4.7bn (€68.8m), which higher than the revenue of PHP3.5bn (€58.3m) in the previous comparative quarter.

The above figure is only the revenue from gaming activities. Non-gaming businesses, including hotel, F&B and other retail, reported a revenue of PHP5.9bn (€ 98.4m) and the year-to-date to PHP16.9bn (€261.8m). The net profit for the year-to-date was PHP1.8bn (€30m).

Resorts World Manila has been operating as a casino and hotel since 2009. Operator Travellers International Hotel Group also has other hotels and an events and convention centre.

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Canada

BCLC okays Gateway casino in Delta

Niji Ng

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BCLC okays Gateway casino in Delta
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British Columbia Lottery Commission (BCLC) has approved the Delta Cascades Casino project.

The Gateway Casinos & Entertainment Ltd casino project to be constructed in Delta will feature 500-slot machines and will start functioning in 2019.

The project is worth €47 million and will provide up to 700 new jobs in Delta, Gateway Casinos & Entertainment Ltd. said.

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