The casinos operate in Costa Rica under the brand name, Fiesta Casinos.
The purchase allows Cirsa to enter the Costa Rican market with seven casinos and over 1,200 slot machines, becoming the largest gaming and entertainment company in the country.
Cirsa said it aims to “add his experience and knowledge in the field of casinos, which will provide nationwide a uniquely different gaming and entertainment option.”
The net cash received for the Group`s approximate 50% share was about US$8.1 million. As part of the sale, Thunderbird entered into a 36-month non-compete agreement in Costa Rica.
Cirsa was founded in 1978 in Terrasa, Spain by Manuel Lao Hernández.