Organic Cirsa fails to escape LATAM currency woes

first_img Presenting its final trading update as an independent enterprise, Spanish gambling operator Grupo Cirsa SA reports progress on its home and LATAM expansion projects, despite its corporate performance being hindered by severe LATAM currency impacts.Reporting strong growth across its Spanish home market properties (Spanish EBIT up 10%), Cirsa reports combined group revenues of €4.17 billion.Nevertheless, Spanish growth could not sustain full Cirsa LATAM market currency declines against the Euro, which saw the company hit with a negative €14 million FX trading impact.Despite the adverse South American FX conditions, Cirsa governance states that it will continue to push its ‘organic growth’ agenda for its LATAM properties, focusing on Table and Slots inventory growth across its casino properties of Panama, Colombia, Peru, Dominica and Costa Rica.Closing a busy trading period, Cirsa governance would declare a corporate EBIT €41 million, in-line with 2017’s corresponding EBIT €42 million.Moving forward, Cirsa will now operate under the ownership of US private equity firm Blackstone Capital, who this April completed a reported €2 billion acquisition for the Spanish gambling enterprise.Under the terms of the deal, Cirsa’s Argentine arcade and casino properties will continue to be operated by the Lao Hernandez family.Updating corporate stakeholders on its current financial position, Cirsa governance details that it has active cash balance of €180 million, combined with an available credit facility of €75 million. StumbleUpon Submit Share CIRSA confirms Antonio Grau as inbound CFO July 17, 2020 Codere avoids total collapse with 12-month credit line  June 22, 2020 Related Articles Codere secures €250m credit lifeline on aggressive interest rates  July 14, 2020 Sharelast_img read more

Wellington Police Notes: Wednesday, May 20, 2015

first_imgWellington Police notes: Wednesday, May 20, 2015:•12:40 a.m. Officers investigated a Burglary in the 200 block W. 4th, Wellington.•6:57 a.m. Ronald S. Freeman, 26, Wellington was issued a notice to appear for seatbelt violation. •8 a.m. Officers investigated disorderly conduct and obstruction of law enforcement officers by known suspects in the 500 block E. 16th, Wellington.•8:10 a.m. Julianna M. Tomlin, 26, Argonia, was arrested, charged and bonded with driving while license is suspended, no proof of insurance and seatbelt violation.•8:20 a.m. Tyler W. Stover, 35, Mayfield, was issued a notice to appear for seatbelt violation.•8:55 a.m. Roger L. Ray, 72, Milan, was issued a notice to appear for seatbelt violation.•10:40 a.m. Micky L. Byers, 61, Wellington was arrested and charged with disorderly conduct and obstruction of law enforcement officers.•1:10 p.m. Eric P. Rhodes, 45, Wellington was issued a notice to appear for dog at large.•2 p.m. Non-Injury accident in the 900 block N. Boundary, Wellington involving vehicles operated by Larry C. Schilling, 68, Wellington and William D. Moreland, 18, Medford, Okla.•2:05 p.m. Larry C. Schilling, 68, Wellington was issued a notice to appear for inattentive driving.•4:55 p.m. Carrie R. Womack, 53, Wellington was issued a notice to appear for expired registration, expired drivers’ license and no proof of Insurance.•6:12 p.m. Officers took a report of a child custody dispute in the 1300 block N. Olive, Wellington by a known subject(s).•7:06 p.m. Jake B. Roepke, 26, Derby, was issued a notice to appear for expired registration and seatbelt violation.•7:17 p.m. Dejuana L. Parker, 23, Wellington was issued a notice to appear for seatbelt violation.•7:35 p.m. Timothy R. Fairbanks, 57, Wellington was issued a notice to appear for seatbelt violation.•7:52 p.m. Brittin L. Meridith, 19, Wellington was issued a notice to appear for seatbelt violation.last_img read more