Spanish gaming group Cirsa has strengthened its position in Portugal by acquiring a majority stake in Sociedade Figueira Praia, the company that owns and operates Casino Figueira, marking its first move into the country’s land-based casino sector.
The acquisition adds one of Portugal’s oldest casinos to Cirsa’s portfolio and builds on the company’s existing presence in the market following its purchase of online operator CasinoPortugal in late 2024. Together, the two businesses support Cirsa’s strategy of offering integrated online and retail gambling services across Europe.
Located in the coastal city of Figueira da Foz, Casino Figueira has held a gaming licence since 1948 and is regarded as one of the Iberian Peninsula’s most established casino venues. The transaction will be financed using Cirsa’s existing cash resources, with the company saying the deal is not expected to materially affect its debt levels.
Chief Executive Antonio Hostench described the acquisition as another milestone in Cirsa’s European expansion, highlighting Casino Figueira’s long-standing reputation and experienced local management. Executive Chairman Joaquim Agut added that combining the land-based casino with CasinoPortugal would strengthen the group’s ability to provide customers with a seamless omnichannel gaming experience.
The deal continues Cirsa’s active acquisition strategy. Earlier this month, the company entered Paraguay through the purchase of a majority stake in online slots operator Slots del Sol. Across Latin America, Cirsa also has operations in Peru through its partnership with Apuesta Total and runs the Sportium brand in Colombia.
The Portuguese expansion follows regulatory approval for the transaction. Portugal’s Competition Authority previously cleared the creation of the joint venture structure related to the operation without raising objections.
Cirsa has accelerated its growth ambitions since listing on the Spanish stock exchange in 2025, with the IPO providing additional capital to support future acquisitions. The company has completed more than 130 acquisitions since 2015 as it continues to expand across Europe and Latin America.
Financially, the operator reported first-quarter 2026 operating revenue of €623 million and operating profit of €194 million, crediting strong execution and a solid balance sheet for its continued momentum. Cirsa has indicated that its liquidity position leaves room for further merger and acquisition activity, with second-quarter results scheduled for release on 30 July.