BUZZ-Blackstone's gambling company Cirsa falls after online betting unit slumps

Blackstone Inc.

Blackstone Inc.

BX

0.00

** Shares in Blackstone-backed Cirsa CIRSA.MC fall 2.1% after the Spanish gambling company posted earnings growth in Q1 but profits from its online betting business fell

** Core earnings of the online betting unit fell by 12%

** Its Q1 core earnings grew about 8%, but its quickly-expanding online betting business suffered due to the progressive increase in gaming taxes in Peru, Cirsa said

** Including the session's fall, the stock has lost about 10% of its value since the beginning of the year​


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