Cirsa, the Spanish multinational in gaming and leisure, has acquired a majority stake in Sociedade Figueira Praia, S.A, owner of the historic Casino Figueira in Portugal.
The announcement comes just days after Cirsa’s entry into Paraguay through the acquisition of Slots del Sol.
Although the financial terms of the deal have not been disclosed, the owner of Sportium has indicated that the multiples are in line with previous transactions. The deal will not have a “significant impact” on Cirsa’s debt, as it will be financed with available cash, according to the company.
Located in Figueira da Foz and holding a gaming licence since 1948, Casino Figueira will be Cirsa’s first physical establishment in Portugal and complements the acquisition of the CasinoPortugal.pt brand, made in 2024.
The company controlled by Blackstone has explained that the deal will allow it to offer an omnichannel proposition and strengthen its position in “one of Europe’s regulated markets with the greatest potential”.
It is worth noting that gross online gaming revenue in Portugal grew 13.7% year-on-year to reach 323.7 million euros during the first quarter of 2026, according to a report by the regulatory body SRIJ. Meanwhile, casinos and gaming halls generated 65 million euros in this period, 0.8% more than in 2025.
Antonio Hostench, CEO of Cirsa, has noted that “Casino Figueira is an emblematic asset within the entertainment sector in Portugal, with a solid track record and a management team with deep knowledge of the market. This deal strengthens our presence in Portugal and marks a decisive step in our omnichannel growth strategy in Europe”.
Cirsa manages around 500 casinos and gaming halls, more than 85,000 slot machines, and has a presence in 11 countries.
In recent years, the firm chaired by Joaquim Agut has remained very active in mergers and acquisitions. In 2025, it acquired a 50 percent stake in the Grand Casino de La Mamounia in Marrakech, Morocco, as well as four casinos in Peru. In 2024, it also acquired a majority stake in the Peruvian retail and online betting operator Apuesta Total.
International expansion brought profitability to Cirsa. The company recorded operating revenue of 2,340 million euros in 2025, while operating profit, before IPO costs (6.9 million euros), reached 753.5 million euros.