CIRSA has acquired a majority stake in Paraguayan online casino operator Slots del Sol, marking the gaming group’s entry into the country’s regulated market.

Slots del Sol operates an online casino alongside two land-based casinos and two gaming halls in Paraguay, providing CIRSA with an established omnichannel presence in the market.

The acquisition forms part of the Spanish-focused-and-listed firm’s international diversification strategy and its efforts to accelerate growth across online gaming.

Latin America has been a key part of that diversification strategy, with CIRSA now active in seven markets – Paraguay, Colombia, Peru, Panama, Costa Rica, the Dominican Republic and Mexico.

The Slots del Sol acquisition will be financed using available cash and is not expected to have a significant impact on the group’s leverage. 

CIRSA’s Executive Chairman, Joaquim Agut, said: “This acquisition reinforces CIRSA’s strategic commitment to accelerating growth in the online gaming space. 

“Paraguay represents an attractive and highly stable regulated market, with strong fundamentals, and Slots del Sol provides us with a leading platform from which to continue expanding our online capabilities in the region.”

CIRSA’s increasing focus on iGaming

CIRSA said the transaction is expected to support value creation and profitability while strengthening its position in a growing market.

Paraguay’s gambling market generated PYG215.9bn (£26.6m) in 2025 – its highest figure on record – in a year in which the market was officially liberalised. 

The valuation of this deal has not been disclosed, but it does come just two months after the company reported its Q1 2026 results, which revealed that it had shaved total net financial debt from €2.64bn (£2.24bn) to €2.05bn. 

It does also signal a further focus on the firm’s iGaming operations, following some struggles on the sports betting sides.

The impact of the 2026 World Cup on CIRSA’s sportsbook is yet to be seen but will be highly-anticipated by investors, particularly with Spain making a deep run in the tournament. 

“Slots del Sol has demonstrated exceptional performance, with outstanding capabilities in online operations,” added Antonio Hostench, Chief Executive Offier of CIRSA. 

“We are delighted to partner with its founding shareholders and are confident that we will be able to combine our global experience and best-in-class capabilities with their local knowledge and expertise to drive future growth. 

“The transaction will contribute to improving the margins of our online gaming business.”