Grupo CIRSA has received regulatory approval to acquire a majority stake in CasinoPortugal, expanding the online portfolio of the Blackstone-owned Spanish gambling group.
On Friday, CIRSA confirmed it had secured approval from Portuguese authorities to acquire a 68% stake in CasinoPortugal.pt, a deal under review since CIRSA’s initial approach in September 2024.
Mergers and acquisitions in Portugal’s gambling sector require the approval of the Portuguese Competition Authority (AdC), the Comissão de Jogos (Gambling Commission), and the Serviço de Regulação e Inspeção de Jogos (SRIJ), the licensing and inspection authority reporting to Turismo de Portugal.
Portuguese authorities deemed CIRSA’s investment legitimate, determining that the new ownership of CasinoPortugal would not disrupt the competitive dynamics of Portugal’s online gambling market.
