Industry News

Cirsa Gaming profit increase in 2018

Published

6 years ago

March 25, 2019

Niji Narayan

CIRSA achives €103.4 Million operating profit in the first quarter of 2019, an increase of 8%

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Spanish gaming company Cirsa Gaming Corporation posted a profit of €368.8 m for the financial year of 2018, in spite of the unfavourable exchange rate situation between Euro and Latin American currencies.

This corresponds to a 5.1 per cent year on year. Joaquim Agut, the company president and CEO, said: “The year was a key one for the company due to the purchase by Blackstone. I want to highlight the confidence shown by the new shareholder both in our strategic plan and in the team at Cirsa.”

He said that the company would continue to follow the plan, seeking organic growth. Cirsa is present in nine countries, mostly in Latin America, Italy and in its domestic market.

During the year it had acquired Casino Jaragua in the Dominican Republic, Winland in Mexico and Bingo Salou in Spain. It also acquired the Le Marage casino in Agadir, Morocco, and the El Fuerte and Dorado Mall locations in Panama.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.