International edition
June 22, 2021

In the first quarter 2007

Cirsa obtained an operating benefit of 80 million euros

(Spain).- During the first semester of the current year, Spanish gaming group Cirsa reported sales for 815 million euros and an operating benefit (Ebitda) of 80 million euros, an 11 % more than in the first semester 2006.

T

hese results, already positive, are even more positive if we consider that, on that period, numbers have decreased due to the interruption of the activity of the casino in Buenos Aires for forty days due to an atypical conflict between trade unions, something that has been solved definitely.

All the gaming divisions have had a good performance: Operational division has obtained very good results, due to a better collection of recreational machines in the national market and the 95 recreational halls currently operating. Italy also reported an important improvement in its result.

The Bingo division is a growing trend and the activity in Mexico continues increasing. At the end of the year, it expects to have 20 bingo halls.

The casino division has experienced an important growth in the different countries in which it operates, mainly in Panama and Venezuela, canceling out the impact occurred in Buenos Aires.

At last, B2B division presents a considerable improvement of its results, because of the increment of sales of slots and the improvement in the efficiency of its associated industrial process.

As a new sporting bet business, Cirsa expects to start such activity in Madrid Council within the last quarter of the current year under the trend Sportium. Besides, the company has applied for the contest in order to obtain one of the three licenses that the Vasque Government will grant next November.

The project of Rosario complex, in Argentina, one of the most important in Latin America, which includes a casino, a five-star hotel and a convention center, is planned to open at the beginning of 2009

Finally, last June Cirsa acquired the 75% of Colombian society Winner Group, owner of 21 casinos in such country, which totalize 100 table games and 2,250 slots. Winner Group experimented a 18 million euros benefit on the previous year.

With these results, Cirsa ratifies its international expansion, improves considerably its results, consolidates its financial situation and reaffirms itself as leader in the gambling sector.

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