Cirsa has completed the acquisition of a 68 per cent stake in online betting and gaming operator CasinoPortugal.
The move marks Cirsa’s entry into the Portuguese markets after the move cleared regulatory and approval hurdles.
Cirsa announced the deal to acquire a majority stake in CasinoPortugal in September.
“This acquisition is consistent with our M&A strategy focused on the online space and positions Cirsa as a significant player in the relevant Portuguese online gaming and sports betting market, which is among the fastest growing markets in Europe,” the company said.
“[The] transaction will be funded from available cash at Cirsa, and the impact on Cirsa Group pro-forma leverage is not significant.”
