International edition
September 27, 2020

Its income from its land-based casino division rose 10 %

Financial results show an increment of Cirsa international expansion

(Spain).- Giant Spanish gaming and leisure firm Cirsa Gaming Corporation has released its financial results for 2008 showing a 17.2 % rise in operating profits to 193 million euros while revenues hit 1.7 billion euros.

T

he Barcelona-based firm revealed that income from its land-based casino division rose 10 % due to the “optimisation of the number of machines and tables in existing establishments” alongside growth in Argentina, Venezuela, Ecuador, the Dominican Republic and Panama.

It stated that its business-to-business division now has a record 53 % share of the domestic market after selling 39,609 units into the hotelier sector last year including 23,500 of its The Pearl Of The Caribbean machines. The section’s turnover increased 25 % due to the ‘interconnection of casino and gaming hall machines’ alongside the development of its own coinless technology and improvements in efficiency.

Cirsa’s slots division saw its total income rise by 8% due to increased daily collections in Spain and the placement of 6,800 machines in Italy. The unit opened 20 new gaming rooms in Spain over the year featuring electronic bingo and roulette machines to bring the total to 122 while its Sportium sportsbetting subsidiary started operations in Madrid and now has a total of 55 sales outlets taking in 85,000 bets and distributing 12 million euros in prizes.

Finally, Cirsa revealed that its bingo unit has survived recent contractions in the domestic market by offering a new range of machines alongside electronic bingo and enhanced service and hotelier offers. The unit closed three gaming rooms in Madrid in December but has recently opened a pair, one each in Bilbao and Puerto De Santa Maria, while its market in Mexico is continuing to expand with 22 gaming rooms and 3,300 machines.

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