Cirsa, the Spanish gaming and leisure multinational, has acquired a majority stake in Slots del Sol, a Paraguayan land-based and online gaming operator.
With this acquisition, Cirsa enters Paraguay and continues growing through acquisitions, a promise it made when it went public on July 9, 2025.
Although the exact percentage of the stake has not been disclosed, the deal gives Cirsa full control of the slotsdelsolonline.com brand and Slots del Sol’s physical operations (two casinos and two gaming halls). Slots del Sol received authorization from the regulatory body Conajzar in 2020 to operate an online casino in the country.
The financial details of the transaction have also not been disclosed, but the company chaired by Joaquim Agut has stated that the deal’s multiple is in line with previous purchases.
“This acquisition reinforces Cirsa’s strategic commitment to accelerating growth in the online gaming sector,” said Agut. During the first quarter of 2026, the Blackstone-controlled firm recorded net revenue of 623 million euros. The online channel accounted for 23 percent of the total, with 143 million.
“Paraguay represents an attractive and very stable regulated market, with solid fundamentals, and Slots del Sol provides us with a leading platform from which we can continue expanding our online capabilities in the region,” Agut noted.
For his part, Antonio Hostench, Cirsa’s CEO, added that “Slots del Sol has demonstrated exceptional performance, with outstanding capabilities in online operations. We are delighted to partner with its founding partners and confident that we will be able to combine our global expertise and best-in-class capabilities with their local knowledge and experience to drive future growth. The deal will help improve the margins of our online gaming business.”
Growth through acquisitions
The owner of Sportium has promised an investment of between 400 and 500 million euros over three years for acquisitions.
Recently, the company has carried out several acquisitions. In 2025, it acquired a 50 percent stake in the Grand Casino La Mamounia in Marrakech, Morocco, as well as four casinos in Peru. In 2024, it also bought a majority stake in the Peruvian retail and online betting company Apuesta Total.
At the latest shareholders’ meeting, Agut noted that they are “exploring new opportunities and geographies”, and are studying complementary acquisitions in Latin America, as well as in Western European markets “both in the online and retail channels.”
“Our solid capital structure allows us to support future M&A operations,” he emphasized.
Cirsa’s entry into Paraguay comes after the announcement that it will issue bonds worth 500 million euros to refinance its debt. It also coincides with the company’s first anniversary on the Spanish stock exchanges.