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. This acquisition, announced on Monday, aligns with Cirsa's omnichannel strategy in Portugal and enhances its existing online presence through CasinoPortugal, which it acquired in late 2024.
Casino Figueira, situated in Figueira da Foz, is noted by Cirsa as one of the most historic casinos on the Iberian Peninsula and has held a gaming licence since 1948. The company indicated that the transaction terms conform to its previous acquisition patterns and will be financed using its current cash resources, meaning it should not significantly affect Cirsa's leverage metrics.
Cirsa's CEO, Antonio Hostench, characterized the acquisition as a significant step in the company’s European expansion ambitions. "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 commented.
Hostench emphasized that this move solidifies Cirsa's presence in Portugal and is a decisive progression in its omnichannel growth strategy across Europe.
Joaquim Agut, the Executive Chairman of Cirsa, mentioned that this entry into the Portuguese land-based sector, along with the CasinoPortugal acquisition, boosts the company’s capacity to provide a fully integrated gaming and entertainment experience across both online and retail platforms.
Cirsa’s expansion efforts are not limited to Portugal. Just last week, the company entered the Paraguayan market, taking a majority stake in local online slots operator, Slots del Sol. Cirsa also maintains a presence in Latin America through its partnership with Apuesta Total in Peru and operations with Sportium in Colombia.
The company went public on Spanish stock exchanges in June 2025, aiming to raise €400 million ($457.3 million) to support its growth and future acquisition strategies. Since 2015, Cirsa has completed over 130 acquisitions.
For the first quarter, Cirsa reported operating revenue of €623 million and a profit of €194 million, representing an 8% year-on-year increase. The company attributed this growth to a well-defined strategy, robust operational execution, and a strengthened financial position, which it believes will facilitate an acceleration of corporate M&A activity in the coming months.
