Cirsa Acquired Comatel's Slot Machine Division for 28.5 Million Euros

✦ Meridian Analysis

Cirsa, the Catalan casino operator controlled by Blackstone, completed the acquisition of the recreational slot‑machine division of the family‑run Comatel group for €28.5 million in December. The deal was structured as an asset sale of the Amusement Machines subsidiary, which together with other transferred entities generated €12 million of revenue and €3.6 million of profit. By purchasing the carve‑out, Cirsa adds the assets to its portfolio, while Comatel retains its online‑betting platform and continues to invest in its hotel and hospitality assets. No lenders or external financiers were identified in the announcement. Deal professionals will be looking for the undisclosed terms of the financing package, the advisers involved and any regulatory clearances required for the transfer of the amusement‑machine licences. The timetable for integrating the Amusement Machines unit into Cirsa’s existing operations and the potential impact on Cirsa’s balance sheet ahead of the Lottomatica merger also remain to be detailed.

The Meridian Weekly