Spanish gaming and entertainment group CIRSA has strengthened its Latin American footprint by acquiring a majority stake in Paraguayan operator Slots del Sol, marking its first entry into the country’s regulated gambling market. Financial terms of the transaction were not disclosed.
The deal gives CIRSA control of one of Paraguay’s leading online casino brands while also adding an established land-based presence through two casinos and two gaming halls. The acquisition aligns with the company’s omnichannel strategy of combining digital gaming operations with physical venues across regulated markets.
CIRSA said Paraguay represents an attractive destination due to its stable regulatory framework and growing economy. The company expects the acquisition to strengthen its position in a market with long-term growth potential while supporting higher profitability and value creation. The purchase will be financed using existing cash reserves and is not expected to materially affect the group’s leverage.
The expansion adds Paraguay to CIRSA’s growing Latin American portfolio, which already includes operations in Colombia, Peru, Mexico, Panama, Costa Rica and the Dominican Republic. The company has increasingly focused on expanding its online gaming business through acquisitions in regulated jurisdictions.
The move also comes as Paraguay’s gambling industry continues to evolve following recent regulatory reforms that opened the market to greater private-sector participation. Industry data shows the country’s gambling sector reached record revenue in 2025 after the liberalisation of the market, making it an increasingly attractive destination for international operators.
For CIRSA, the acquisition continues a broader acquisition-led growth strategy that has seen the company complete more than 130 transactions over the past decade while expanding across Europe and Latin America. The group also recently completed a €500 million bond issuance to strengthen its financial position and support ongoing corporate activities.