Home Business StrategyCirsa Expands Presence in Portugal with Casino Figueira Acquisition

Cirsa Expands Presence in Portugal with Casino Figueira Acquisition

by Sienna Marques
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Cirsa Expands Presence in Portugal with Casino Figueira Acquisition

Cirsa has made a significant entry into the Portuguese gambling market by acquiring a 51% stake in Sociedade Figueira Praia, the operator of Casino Figueira. The financial specifics of this acquisition have not been disclosed. This move enhances Cirsa's footprint in Portugal, following its earlier purchase of the online platform CasinoPortugal.pt, enabling the company to engage customers through both online and offline channels.

Joaquim Agut, Cirsa's executive president, stated, "Casino Figueira becomes the first land-based casino for Cirsa in Portugal, representing a new milestone in our history. This acquisition, together with that of CasinoPortugal.pt in 2024, reinforces our ability to offer an integrated gaming and entertainment proposition through online and offline channels."

The new acquisition allows Cirsa to diversify its revenue streams across different entertainment avenues, with both online and offline operations now situated in one location. This strategic maneuver boosts the company's market presence, as Cirsa continues to expand its share in various countries. Recently, the company ventured into the Paraguayan market with its investment in Slots del Sol, recognized for its successful gaming operations.

In 2025, Cirsa recorded an operational revenue of €2.34 billion, while its operational profit stood at €753.5 million. The company is listed on the Madrid Stock Exchange, where its stock performance has not met expectations.

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