CIRSA reports an operating profit of €179 million for Q1 2025

CIRSA, a leading multinational in gaming and entertainment and the first company in the sector in Spain, generated 576,7 million euros in operating revenue and 179 million euros in operating profit in the first quarter of 2025, surpassing its previous quarterly records once again. 

The company ended 2024 with strong momentum, which has carried into the first quarter of this year. Driven by a clear well-defined strategy and solid operational execution, the year began with a 12.5% increase in operating revenue and a 9.1% increase in operating profit compared to the first quarter of 2024. The company also released its 2024 Sustainability Report, highlighting CIRSA’s commitment to responsible and sustainable growth, along with its strategic priorities in environmental, social, and governance (ESG) initiatives. The report’s release coincides with the confirmation of the company’s ESG rating by Sustainalytics (a Morningstar company), which awarded CIRSA 12.7 points, placing the Group in the ‘low risk’ category and ranking it second in the sector worldwide. The report and other ESG-related materials can be found on the company’s website.

Highlights of the first quarter of 2025

CASINOS

The Casino division sustained its positive momentum in the first quarter of 2025, building on the success of previous quarters. Over 15 renovations and expansions launched this quarter, underscoring a strong commitment to enhancing customer experience. Effective execution of commercial plans, CRM initiatives, and cost control measures, combined with the renewal of the slot machine portfolio, reflect a management approach focused on innovation and efficiency. The multichannel strategy—promoting Sportium’s online offering and executing cross-channel actions like the Sixers tournaments in Marbella and Valencia—demonstrates a comprehensive approach to elevate the customer experience across all channels.

SLOTS SPAIN

The Slots division sustained its strong momentum from 2024 into the first quarter of 2025, driven by the excellent performance of the new Manhattan Mirage models and the successful execution of commercial strategies, including an increase in points of sale both organically and through acquisitions. Revenue growth, coupled with disciplined cost management, led to improved margins and strong results for the quarter.

The industrial segment continues to perform well, fueled by the successful launch of the new Manhattan Mirage model for the Bars & Restaurants channel at ICE Barcelona, as well as the Twist & Link and Manhattan Mirage machines featuring uElite Next cabinets with TITO functionality. In the Interactive area, which specializes in gaming hall management systems, the rollout of Forward Systems installations continued to expand across Spain, further strengthening the division’s footprint.

SLOTS ITALIA

During the first quarter of 2025, Italy experienced a challenging business environment in both AWP and VLT segments. However, the integration of Royal Games helped offset the market’s weak momentum, reinforcing CIRSA’s position in the Bars & Restaurants channel.

Notably, the company’s gaming operator license, originally set to expire at the end of 2024, has been extended for two more years, until the end of 2026.

ONLINE GAMING AND BETTING

The online gaming and sports betting division achieved a 54.8% increase in revenue compared to the same period last year. Strong performance in key markets such as Spain and Italy, along with the addition of Peru and Portugal to the division’s scope, contributed significantly to this growth. The division’s sustained and profitable growth strategy—centered on customer management and multichannel development—enabled these excellent results.