Spanish gaming group Cirsa has purchased a controlling interest in Slots del Sol, marking its first market entry in Paraguay. The transaction was announced on Monday and expands the company’s regulated digital gambling operations across Latin America.
Slots del Sol operates the online platform Slotsdelsolonline.com alongside two land-based casinos and two gaming halls within the country. The acquisition aligns with Cirsa’s regional strategy, which already includes partnerships in Peru, Colombia, and Mexico. Executive chairman Joaquim Agut noted that Paraguay represents a regulated market with established fundamentals.
CEO Antonio Hostench stated that combining Cirsa’s international experience with the local operator’s expertise will improve online division margins. The purchase was funded through existing cash reserves and will not affect the group’s financial leverage. Hostench described the move as part of an ongoing merger and acquisition strategy.
Paraguay Market Expansion
The deal follows Paraguay’s legislative decision to eliminate its state gambling monopoly last year. Industry data shows the national gambling sector generated PYG 215.9 billion ($32.6 million) in 2025, a 22.9 percent increase over the previous year. Lower regional tax rates and regulatory reforms have positioned the country as a destination for international operators.Cirsa listed on Spanish stock exchanges in July 2025 with a target valuation of €2.5 billion. The group has completed more than 130 acquisitions since 2015. A recently placed €500 million debt issuance will fund the redemption of a €375 million bond scheduled to mature in 2028.
Source: company statements and iGB.