Cirsa has made a significant move into the Portuguese market by acquiring a majority stake in Sociedade Figueira Praia, S.A., which operates Casino Figueira. The company announced this deal on Monday, stating that it fits seamlessly with its overall omnichannel strategy in Portugal. This acquisition complements its previous purchase of CasinoPortugal in late 2024.
Casino Figueira, situated in Figueira da Foz, claims to be one of the oldest casinos on the Iberian Peninsula, having held a gaming license since 1948.
Cirsa reported that the transaction terms are in line with its past acquisitions. The funding will come from its existing cash reserves, and the company does not anticipate this purchase will significantly impact its leverage profile.
Antonio Hostench, CEO of Cirsa, emphasized the importance of this acquisition for the company's growth in Europe. He remarked, “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. This transaction reinforces our presence in Portugal and represents a decisive step forward in our omnichannel growth strategy in Europe.”
Joaquim Agut, Executive Chairman of Cirsa, added that the combination of the CasinoPortugal acquisition and the entry into the Portuguese land-based segment would enhance the company’s capacity to provide a fully integrated gaming and entertainment experience across both online and retail platforms.
Cirsa's strategy of aggressive mergers and acquisitions continues, as evidenced by its recent entry into the Paraguayan market through the acquisition of a majority stake in the online slots operator Slots del Sol. The company also has a presence in Latin America, notably in Peru through a partnership with Apuesta Total and in Colombia with Sportium.
Cirsa raised €400 million ($457.3 million) from its IPO on Spanish stock exchanges in June 2025, a move aimed at accelerating growth and funding future acquisitions. Since 2015, the company has completed over 130 acquisitions.
In the first quarter of the year, Cirsa reported operating revenue of €623 million and profit of €194 million, reflecting an 8% increase year-on-year. The company credits its ongoing success to a clearly defined strategy, solid operational execution, and a strengthened financial condition. Cirsa stated that its robust results and liquidity would bolster its growth plans, potentially leading to increased M&A activities in the near future.
The financial results for the second quarter of 2026 are set to be released on 30 July.
