CIRSA has acquired a 50% stake in the Grand Casino de La Mamounia in Marrakech, reinforcing its strategic growth plans in the luxury gaming sector.

Target Information

CIRSA, a leading gaming and entertainment company, has announced its acquisition of a 50% stake in the Grand Casino de La Mamounia, through its subsidiary, CIRSA International Business Corporation. This prestigious casino is situated within the historic Hotel La Mamounia in Marrakech, Morocco, which is renowned for its luxury and elegance. Recognized internationally, the Grand Casino de La Mamounia is a benchmark in the luxury gaming sector, promising exclusivity and premium experiences to its patrons.

Industry Overview in Morocco

The Moroccan gaming industry has undergone significant transformations in recent years, positioning itself as a prominent destination for tourists and locals alike. The country’s strategic location, combined with its rich cultural heritage, attracts a diverse clientele seeking premium leisure activities, including gaming. As one of the few nations in North Africa to allow casinos, Morocco maintains a unique regulatory framework that supports growth while ensuring responsible gaming practices.

Marrakech, in particular, has emerged as a vibrant hub for tourism and entertainment, with its luxurious accommodations, iconic landmarks, and thriving nightlife. The presence of high-profile establishments, such as the Grand Casino de La Ma