Blackstone acquired Cirsa, which operates casinos and betting shops across Spain and Latin America, in 2018 for an undisclosed sum.

Cinco Dias said Blackstone had contracted investment bank Lazard to advise on the deal, which it aims to carry out around April next year.

Blackstone and Cirsa did not immediately respond to requests for comment.

($1 = 0.8830 euros)

(Reporting by Nathan Allen; Editing by David Goodman)