International edition
September 24, 2020

Italy and Latin America were main growth factors

Cirsa increased 21% its operational benefit in the first quarter

(Spain).- Cirsa Gaming Corporation obtained an operacional benefit of 70 million euros in the first quarter of the year, a 21% more than the same period last year. According to information released by the company, operating income has been 438 million euro, a 7% more, thanks to the positive performance of the activities in Italy and Latin America.

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n Italy, turnover of the new machines and the approval of VLTs have brought positive results, together with bingo, thanks to a change in legislation, which brings more percentage to jackpots with better tax collection.

In Latin America, the growth of the casino division continues, thanks to the economic evolution in the continent and the good performance of the investments that took place mainly in Argentina, Colombia and Panama, Mexico also consolidates its growth.

Despite the decrease of the gambling sector in Spain, Cirsa expects to achieve its goals in the second quarter of the year. The group has 32 traditional casinos, 83 online casinos, 32,500 recreational machines, 88 bingo halls, 140 gambling venues, 139 sportsbooks centers and 2,583 Video Lottery Terminals in Spain, Italy and Latin America.

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