Cirsa has made its foray into the Portuguese land-based gaming market by acquiring a majority stake in Sociedade Figueira Praia, S.A., which operates Casino Figueira. The announcement, made on Monday, marks a strategic move in line with Cirsa's omnichannel approach in Portugal, which previously included the acquisition of online operator CasinoPortugal in late 2024.
Casino Figueira, based in Figueira da Foz, is described by Cirsa as one of the oldest casinos on the Iberian Peninsula, holding a gaming license since 1948. The company noted that the financial terms of the acquisition align with other transactions it has made in the past and that the purchase will be covered using existing cash reserves, suggesting minimal impact on Cirsa's leverage profile.
Cirsa's CEO, Antonio Hostench, emphasized the significance of this acquisition in advancing the company’s European expansion initiatives. 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." Hostench added that this move strengthens Cirsa's presence in Portugal and is a vital step in their European omnichannel growth strategy.
Executive Chairman Joaquim Agut highlighted that this entrance into the land-based sector complements the earlier CasinoPortugal acquisition, enhancing Cirsa's ability to provide a seamless gaming and entertainment experience across online and retail formats.
Cirsa’s aggressive strategy for mergers and acquisitions continues, 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 been active in Peru through a partnership with Apuesta Total and operates in Colombia with Sportium.
In a significant move earlier this year, Cirsa went public on Spanish stock exchanges in June 2025, with expectations to raise €400 million ($457.3 million) to support its growth strategy and future acquisitions. To date, Cirsa has completed over 130 acquisitions since 2015.
For the first quarter of 2026, Cirsa reported an 8% increase in operating revenue year-on-year, reaching €623 million, with a profit of €194 million. The company attributes this growth to a clearly defined strategy and strong operational performance. Cirsa anticipates that its robust financial position will enable further acceleration of its corporate acquisitions in the near future. Financial results for the second quarter of 2026 are set to be released on July 30.
