Cirsa has made a significant move into the Portuguese land-based market with the acquisition of a majority stake in Sociedade Figueira Praia, S.A., which owns and operates Casino Figueira. This deal, announced on Monday, aligns with Cirsa’s omnichannel strategy in Portugal and complements its existing online operator, CasinoPortugal, acquired in late 2024.
Casino Figueira, located in Figueira da Foz, is noted by Cirsa as one of the oldest casinos on the Iberian Peninsula, having held a gaming license since 1948. The company indicated that the financial details of this transaction are consistent with its past acquisitions and that it will be financed through existing cash reserves, which means it should not significantly impact Cirsa's leverage profile.
Antonio Hostench, Cirsa's CEO, highlighted that this acquisition is a pivotal moment for the company's expansion strategy within Europe. "Casino Figueira is a landmark asset within Portugal’s entertainment industry, with a strong track record and a management team that brings deep market expertise," he remarked, emphasizing how this transaction strengthens Cirsa's presence in Portugal and furthers its omnichannel growth objectives in Europe.
Joaquim Agut, Executive Chairman of Cirsa, noted that this entry into the Portuguese land-based sector, combined with the acquisition of CasinoPortugal, enhances the company’s ability to provide a fully integrated gaming and entertainment experience across online and retail sectors.
Cirsa’s aggressive mergers and acquisitions strategy continues, as just last week it secured its position in the Paraguayan market by acquiring a majority stake in the local online slots operator, Slots del Sol. The company is also active in Latin America, having partnered with Apuesta Total in Peru and operating Sportium in Colombia.
In June 2025, Cirsa successfully launched its IPO on Spanish stock exchanges with an anticipated raise of €400 million ($457.3 million), which aims to expedite its growth plan and fund further acquisitions. Since 2015, Cirsa has completed over 130 acquisitions.
The company reported an 8% increase year-on-year in Q1 operating revenue, reaching €623 million, while profit stood at €194 million. This sustained growth was attributed to a clearly defined strategy, strong operational execution, and a solid financial position. Cirsa's robust results and liquidity are expected to bolster its growth plans, potentially accelerating corporate M&A activities in the upcoming months. Financial results for Q2 2026 are set to be released on July 30.
