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Spanish operator makes its debut in land-based gaming in Portugal, adding to its online platform CasinoPortugal
Spanish operator CIRSA has bought a majority stake in Sociedade Figueira Praia, the entity that owns and operates Casino Figueira in Portugal.
Located in Figueira da Foz, one of the main tourist destinations on the Portuguese Atlantic coast, Casino Figueira is one of the most emblematic establishments in the country. With a gambling license since 1948, already with the name of Casino da Figueira, it is one of the most historic casinos in the entire Iberian Peninsula. In addition to its gaming offer, the complex has an outstanding restaurant and events activity, consolidating itself as a benchmark for entertainment in the Portuguese country.
This acquisition is consistent with CIRSA’s omnichannel strategy and complements the acquisition of online operator CasinoPortugal made in December 2024, combining a strong digital platform with a land-based casino of reference. CIRSA is looking to complete the construction of a fully omnichannel proposal in Portugal, integrating online and face-to-face capabilities under the same growth strategy in what it says is ‘one of the most promising regulated markets in Europe.’
Joaquim Agut, Executive President of CIRSA, said: “Casino Figueira becomes the first land-based casino for CIRSA in Portugal, representing a new milestone in our history. This acquisition, together with that of CasinoPortugal.pt in 2024, reinforces our ability to offer an integrated gaming and entertainment proposition through online and offline channels.”
Antonio Hostench, CEO of CIRSA, added: “Casino Figueira is an emblematic asset within the entertainment sector in Portugal, with a solid track record and a management team with a deep knowledge of the market. We are very pleased to incorporate this casino and to have the support of its current partners in this new phase. This transaction strengthens our presence in Portugal and is a decisive step in our omnichannel growth strategy in Europe.”
The transaction will be financed with cash on hand and is not expected to have a significant impact on Grupo CIRSA’s leverage.
