Cirsa has made its entry into the Portuguese land-based gaming market by acquiring a majority stake in Sociedade Figueira Praia, S.A., the operator of Casino Figueira. The company announced this acquisition on Monday, aligning it with its omnichannel strategy in Portugal, which complements its existing online operations through CasinoPortugal, acquired in late 2024.
Casino Figueira, located in Figueira da Foz, is recognized by Cirsa as one of the oldest casinos on the Iberian Peninsula, having held a gaming license since 1948.
Cirsa stated that the transaction multiple is consistent with its previous acquisitions, and it will utilize existing cash resources to finance the deal, meaning it is not expected to significantly influence Cirsa’s leverage profile.
Antonio Hostench, Cirsa's CEO, emphasized the importance of this acquisition in the context of the company's European expansion. 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, noted that together with CasinoPortugal, entering the Portuguese land-based market would enhance Cirsa’s capacity to deliver a fully integrated gaming and entertainment offering across both online and retail channels.
Cirsa's aggressive acquisition strategy is evident, as just last week, it entered the Paraguayan market through the acquisition of a majority stake in the local online slots operator, Slots del Sol. In Latin America, Cirsa is already active in Peru via a partnership with Apuesta Total and operates in Colombia with Sportium.
In June 2025, Cirsa went public on Spanish stock exchanges, aiming to raise €400 million ($457.3 million), which is expected to speed up its growth strategy and fund future acquisition plans. Since 2015, the company has completed over 130 acquisitions.
In its first quarter earnings report, Cirsa reported operating revenue of €623 million and a profit of €194 million, reflecting an 8% year-on-year increase. The company attributed its ongoing success to a well-defined strategy, robust operational execution, and a strong financial position. Cirsa also indicated that its solid results and liquidity would bolster its growth framework and could accelerate corporate M&A activities in the upcoming months. The company plans to disclose its Q2 2026 financial results on July 30.
