Cirsa has made its entry into the Portuguese land-based gaming market by acquiring a majority stake in Sociedade Figueira Praia, S.A., which operates Casino Figueira. The company announced this deal on Monday, highlighting that it fits seamlessly with its omnichannel strategy in Portugal, adding to the online presence set by CasinoPortugal, acquired in late 2024.
Casino Figueira, located in Figueira da Foz, is touted by Cirsa as one of the most historic casinos on the Iberian Peninsula, having maintained a gaming licence since 1948.
Cirsa indicated that the financial details of the acquisition align with previous purchases the company has made. The acquisition will be financed using existing cash resources and is not anticipated to significantly affect Cirsa’s leverage profile.
Antonio Hostench, Cirsa's CEO, expressed that this acquisition is a significant step in their European expansion plans. "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 stated. Hostench further noted that this move solidifies Cirsa's presence in Portugal and is a vital advancement in their omnichannel growth objectives across Europe.
Joaquim Agut, Cirsa's Executive Chairman, emphasized that, together with the CasinoPortugal acquisition, entering the Portuguese land-based market enhances the company’s capability to offer a fully integrated gaming and entertainment experience through both online and retail channels.
Cirsa's expansion through mergers and acquisitions is steadfast, with recent developments including a move into the Paraguayan market via the acquisition of a majority stake in local online slots operator Slots del Sol. In the Latin American sector, Cirsa has also partnered with Apuesta Total in Peru and is operational in Colombia with Sportium.
In June 2025, Cirsa planned an initial public offering on Spanish stock exchanges, aiming to raise €400 million ($457.3 million) to fuel its growth strategy and support future acquisitions. Since 2015, Cirsa has completed over 130 acquisitions.
The company reported an 8% year-on-year increase in Q1 revenue, reaching €623 million, with profits standing at €194 million. Cirsa attributed this ongoing success to a well-defined strategy, robust operational execution, and a strengthened financial foundation. Their strong financial performance is expected to bolster their growth plan, potentially accelerating corporate M&A activities in the upcoming months.
Cirsa is set to announce its financial results for Q2 2026 on July 30.
