Cirsa has made its entry into the Portuguese land-based gaming sector by acquiring a controlling interest in Sociedade Figueira Praia, S.A., the entity behind Casino Figueira. Announced on Monday, this acquisition is part of Cirsa's broader omnichannel strategy in Portugal, complementing its earlier purchase of online operator CasinoPortugal in late 2024.
Casino Figueira, located in Figueira da Foz, is touted by Cirsa as one of the oldest casinos on the Iberian Peninsula, having held a gaming licence since 1948. Cirsa reports that the financial terms of this transaction align with its previous acquisitions and will be funded using existing cash resources, meaning it will not significantly affect the company's leverage profile.
Cirsa CEO Antonio Hostench stated that this acquisition represents a significant step in the company’s expansion efforts across Europe. He described Casino Figueira as a landmark asset within the Portuguese entertainment sector, highlighting its excellent track record and the management team’s deep market knowledge.
“This transaction reinforces our presence in Portugal and represents a decisive step forward in our omnichannel growth strategy in Europe,” Hostench affirmed.
Cirsa's Executive Chairman, Joaquim Agut, added that with the acquisition of CasinoPortugal, this move into the Portuguese land-based market will bolster the company’s capacity to deliver a fully integrated gaming and entertainment experience across both online and retail platforms.
Cirsa’s aggressive merger and acquisition strategy remains evident, as just last week the company expanded into Paraguay by acquiring a majority stake in the local online slots operator, Slots del Sol. In Latin America, Cirsa has established a presence in Peru through a partnership with Apuesta Total and operates in Colombia under the brand Sportium.
In June 2025, Cirsa launched an initial public offering on Spanish stock exchanges with an anticipated raise of €400 million ($457.3 million), a move aimed at accelerating its growth and funding future acquisitions. Since 2015, Cirsa has completed over 130 acquisitions.
In its first quarter results, the company reported operating revenue of €623 million and a profit of €194 million, reflecting an 8% year-over-year increase. Cirsa credits its sustained growth to a well-defined strategy, strong operational execution, and a solid financial standing.
The company asserts that its robust performance and liquidity will facilitate the advancement of its growth plan, including an acceleration of corporate acquisitions in the upcoming months. Cirsa is scheduled to announce its financial results for the second quarter of 2026 on July 30.
