CIRSA on the up with improved 2014 results

Spanish gambling operator Grupo CIRSA were pleased to announce an improved corporate performance for 2014 as the company finished 2014 strongly.

The Barcelona based operator recorded improved revenues of 22% to €360 million for full year 2014. The improvement in revenue performance carried through to CIRSA’s top line metrics as the operator recorded a 2014 net profit of €56 million.

CIRSA governance was pleased with the company’s progress in 2014, noting that its casino division had been witnessed substantial growth and improvement in Spain tough economic market. Governance further noted that the company had been active in finding new market expansions during 2014, with enterprise openings in Peru, Argentina Colombia and Panama.

Joaquim Agut CEO of CIRSA commented on company performance

It is worthwhile to note the effort that has been taken on-board by the entire management team and employees who make up our group. The rigorous execution of our plans has benefitted CIRSA in a challenging economic environment,”

Agut further noted that the company would continue to focus on investing in c’orporate efficiencies, productivity and improved product offerings’. CIRSA noted that its sports betting brand Sportium has established itself as the market leader in Spanish retail betting, and that the brand continues to expand its presence through digital verticals.

At present Grupo Cirsa operates 129 casinos, 71 bingo halls and over 1000 sports betting retail points.