CIEB On Other Exchanges
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Mexico
OTC US
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Company Description

Contact Info

Av. Industria Militar S/N

Delegación Miguel Hidalgo

Col. Residencial Militar

Mexico City, DF 11600

Mexico

Phone: 52 55 5201 9000

Fax:

Corporacion Interamericana de Entretenimiento, S.A.B. de C.V. provides live entertainment in Mexico, through concerts, theater productions, family events, automobile races and other sporting events. CIE Las Americas includes a nationwide network of pari-mutuel gaming (Yaks) and off-track betting (Sports Books) facilities; additionally, the Las Americas Complex, comprises Latin America’s convention and exhibition center (Centro Banamex); Mexico’s horse racing facility (Hipodromo de las Americas), a naturethemed family park (Granja Las Americas), and seven restaurants, all headquartered in a 52-hectare parcel of land in the heart of Mexico City. The company operates in the nascent gaming industry in Mexico, with approximately 9,000 terminals installed in its 46 locations across Mexico, with strategic partners that provide the game supply in the market. The company operates as a recipient of advertising expenditures in Mexico after the two national TV broadcasters. The company holds a 24% financial interest in Time for Fun, a leading live entertainment group in Brazil. It engages in the promotion, production, ticketing, venue management, concession sales and sponsorships for live entertainment in South America. In addition, it operates radio stations in Argentina. The company operates amusement park in Latin America. Significant Events The company has strategic alliances with content providers, such as Cirque du Soleil, Disney and National Association for Stock Car Auto Racing, Inc.

 

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Price/Cash Flow 11.9x
TEV/Sales 0.2x
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