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Tag Archives: Cirsa

Spain – CIRSA confirms full recovery with all core businesses outperforming pre-COVID trading

Spanish and Lat Am operator CIRSA saw a full recovery in 2022 with all core business division able to ‘return and outperform pre-COVID 2019 trading.’ CIRSA generated €1,741.2m in operating revenues and an operating profit of €552.5m in 2022. In 2022, results developed very favourably quarter after quarter, both in terms of revenue growth and operating…

Morocco – Cirsa buys third casino in Morocco with Casino de Tanger deal

Spanish casino operator CIRSA, owned by Blackstone has become the biggest operator in Morocco by snapping up the Casino de Tanger, the largest casino of seven in the country.  Situated on the shores of the Atlantic Ocean, the casino overlooks the Bay of Tangier and Strait of Gibraltar and offers several slot rooms as well as…

Spain – CIRSA manages €100.6m of operating profit in the third quarter

Spanish operator CIRSA managed to generate €100.6m of operating profit in the third quarter of 2021. The capacity in productive hours from July to September stood at 89 per cent, notably improving from the 62.4 per cent of the previous quarter From July to September, operating income was €335m. In the first nine months of 2021,…

Colombia – Ainsworth A-Star installed in Colombia

Cirsa has installed Ainsworth’s A-STAR Curve and A-Star Dual cabinets at its Hollywood Casino Bogotá and Casino Caribe La Playa in Medellín. The install includes slot titles such as Path to Wealth, Vault to Riches, Magic Wheel 7’s, and Mega Choice Super Star on A-STAR Curve. Born Free, Multi Win 8, Captain’s Quest and Super…

Spain – Reopenings see Cirsa record a profit of €81.1m in its second quarter

The relaxation of restrictions due to the COVID-19 pandemic helped Spanish-based operator Cirsa to generate an operating profit of €81.1m during its second quarter. The operator said: “The substantial improvement in revenue was also derived from a precise execution of the commercial action plans and the implementation of a broad program of measures to improve…

Spain – Cirsa activates €175m from credit line with six banks

Spanish betting giant Cirsa called on €175m it had available in a credit line contracted with a total of six banks, as a precautionary measure before the closure of its casino, bingo and betting halls due to the COVID-19 pandemic. The company, owned by Blackstone since 2018, raised its cash resources to more than €350n….

Spain – Cirsa imposes mass temporary layoffs

Spanish gaming company Cirsa has presented a temporary employment regulation file (ERTE) which affects 83.5 per of the workforce in Spain which is made up of about 5,300 people. Cirsa justified the measure as it has had to close its casinos, bingo halls and gaming rooms throughout Spain as a consequence of the coronavirus prevention…

Spain – Cirsa reports nine per cent increase in profits

Cirsa Gaming Corporation has recorded an operating profit of €333.4m during the first nine months of the year, reflecting a nine per cent growth over the same period last year. The company reported operating income of €1,154.2m until the third quarter of the year a 7.3 per cent increase compared to the same period in…

Argentina – Supreme Court to decide fate of Buenos Aires’ floating casino

The future of the two casino ships moored to the harbour in Buenos Aires has been left to the Supreme Court. The highest court must decide whether to accept a complaint filed by the Government of Buenos Aires against a judicial measure that allows the operating company of the floating gambling halls to continue operating…