Tag Archives: CIRSA

Sportium confirms 2-year extension to LFP La Liga partnership

Spanish operator Sportium has confirmed that it has renewed its official betting partnership with La Liga de Fútbol Profesional (LFP), the governing body of La Liga, Spain’s highest level of professional football for a further two years. Sportium the Spanish joint-venture firm backed by Ladbrokes UK and Spanish legacy gambling operator Grupo Cirsa has acted as LFP betting partner since …

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Group efficiency strategy pays off for Grupo Cirsa in 2016

Publishing its full-year 2016 results, Spanish gambling group Grupo Cirsa (Cirsa) has declared its ‘best year in business’, as the company benefits from the growth of its home market assets and Latin America operations. Detailing its FY 2016 financial breakdown, Cirsa would report flat-line group revenues of €1.6 billion. However, the company would benefit from its ‘group efficiency strategy’ which …

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South American expansion aids Cirsa 2015 profit gains

Presenting its full year 2015 results, Spanish gambling operator Grupo Cirsa detailed that it had recorded growth in all core markets. Cirsa would post full-year group revenues of €1.8 billion representing a 16.5% increase on 2014 performance.  Its revenue uplift would transfer to an improved group EBITDA of €380 million up 14% on FY 2014 results. Detailing performance drivers, Cirsa …

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CIRSA continues strong 2015 momentum with Spain & Latin America expansions

Spanish gambling operator Grupo CIRSA has continued its strong 2015 momentum, reporting profits up 16% to €280 million for its year to date performance (period ending 30 September). The Barcelona based operator would record a 19.5% revenue uplift to £1.2 billion driven by sufficient expansion in its Latin American markets notably Costa Rica and Peru. To date, the operator maintained …

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CIRSA secures new €500 million bond

Spanish gambling operator Grupo CIRSA has completed a bond issue worth €500 million over an extended eight year period (2023). CIRSA governance confirmed that its new bond issue and restructure was led by Deutsche Bank, who have raised the bond capital from European and American investment funds. With CIRSA gaining approval on its new bond issuance, the company will cancel …

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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. …

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