Cirsa Acquires Majority Stake in Historic Portuguese Casino Figueira
2026-07-20
Source: iGaming Business
Also reported by: Yogonet
Cirsa takes majority control of Casino Figueira in Portugal, complementing its online acquisition, as part of an aggressive M&A push that also includes a recent entry into Paraguay. The company cites cash funding and a strong financial position to support further deals.
Cirsa has further extended its European footprint by taking a majority stake in Sociedade Figueira Praia, the company that owns and operates Casino Figueira in Portugal. The deal, disclosed on Monday, marks the operator's first move into the country's land-based gaming sector.
The acquisition aligns with Cirsa's omnichannel strategy in Portugal and complements its existing online presence, CasinoPortugal, which was acquired in late 2024. Located in Figueira da Foz, Casino Figueira has held a gaming license since 1948 and is described by Cirsa as one of the most historic casinos on the Iberian Peninsula.
Portuguese Land-Based Entry
The transaction will be funded through existing cash resources and is not expected to materially affect Cirsa's leverage profile, the company noted. Cirsa CEO Antonio Hostench called the move a significant step for the group's European expansion plans, stating: “Casino Figueira is a landmark asset within Portugal’s entertainment industry.” Executive Chairman Joaquim Agut added that combining this land-based property with the earlier CasinoPortugal acquisition strengthens the company's ability to deliver a fully integrated gaming and entertainment offering across both online and retail channels.
Broader M&A and Financial Context
The Portugal deal follows a rapid series of acquisitions. Last week, Cirsa entered Paraguay by acquiring a majority stake in online slots operator Slots del Sol. It already has operations in Peru through a partnership with Apuesta Total and in Colombia via Sportium. The company has completed more than 130 acquisitions since 2015.
Cirsa went public on Spanish stock exchanges in June 2025, raising €400 million to accelerate growth and fund future M&A. In the first quarter of 2025, operating revenue reached €623 million and profit hit €194 million, up 8% year-on-year. The company attributed these results to a clearly defined strategy, solid operational execution, and a strengthened financial position. Cirsa is scheduled to release its Q2 2026 financial results on 30 July.