Boosted by Latin America, Spanish-origin omnichannel CIRSA has delivered impressive Adjusted EBITDA of €187 million (US$219m) for its Q2 2025 – an increase of 9.2 percent, year-over-year.
With operations in Argentina, Colombia, Costa Rica, the Dominican Republic, Mexico, Panama, Italy and Morocco, CIRSA is now owned by U.S.venture capitalists Blackstone and has become one of the leading gambling holding companies in Europe.
The company reported operating revenue of €579 million (£500.2m), once again surpassing its best quarterly figures. And achieving a remarkable 68 consecutive quarters of growth.
Forty-nine percent of its EBITDA comes from operations in Spain, with the bulk of its remaining revenue coming from its Latin American operations.
“Our first quarterly results as a publicly-traded Group have been very positive and in line with our historical results,” said Joaquim Agut, Executive President of CIRSA.
iGaming
The earnings report highlighted the renovation of the Cuitláhuac Casino in Mexico and CIRSA’s Fantastic Casino in Lima, Peru.
The online gaming and sports betting division increased revenue by 63 percent and EBITDA by 120 percent, compared to the same period last year, even though the calendar was devoid of major sporting events.
In June, a strategic sponsorship agreement was signed with Liverpool FC that will allow for the use of the club’s brand assets and digital activations across all geographies.
CIRSA’s fastest-growing vertical is iGaming, with the segment generating €420 million (£362.93m) last year, some 20 percent of total revenue.
And in the first half of 2025 online revenue increased significantly, with the company reporting €139 million (£120.12m) of iGaming revenue in Q2, ending June 30.
