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The enlarged group could deliver up to €4 billion in capital returns over the three years following the completion of the deal.
Cirsa has followed an aggressive acquisition strategy in recent years, most recently entering the land-based casino market in Portugal by acquiring a majority stake in Sociedade Figueira Praia, S.A., the owner and operator of Casino Figueira.
Prior to that, Cirsa entered the Paraguay market through an acquisition of the online slots operator Slots del Sol, while it also acquired the leading Peruvian operator Apuesta Total in 2024.
How to play Rainbow Reels
In the second quarter of 2026, Flutter’s US revenue fell 6% to $1.683 billion, while sportsbook revenue fell 15%. US adjusted EBITDA fell sharply, and Flutter subsequently reduced its guidance. Despite this, FanDuel retained the number-one US sportsbook position, with Flutter reporting a 39% share of US sportsbook gross gaming revenue.
Ben Robinson, managing partner at Corfai, argues that the American listing achieved what it was supposed to achieve. The problems came afterwards. “The question was which arm of the K-shaped market Flutter would end up on. We have the answer now. Capital is concentrated in a narrow band of technology names and everything else is being marked on earnings.”
A US listing can improve access to capital without making the underlying business more attractive. London has a capital-markets problem. Gambling has an investment problem. The two overlap, but they are not the same thing.
How to play Rainbow Reels
Spinomenal has added another Mesoamerican title to its portfolio. 3 Aztec Spells is a five-reel slot with fixed paylines and an Aztec theme, and it went live on September 21, 2026.
The news here is less about any single mechanic than about continuity. 3 Aztec Spells is the latest entry in Spinomenal’s ongoing habit of grouping releases into recognizable, numbered families built around repeatable themes.
For an experienced slots reader, that pattern is the real story. The release reflects how Spinomenal keeps volume high by iterating on established formats rather than reinventing its core proposition with each launch.
