- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
Cirsa Invests in International Expansion amidst Stellar H1 Results

According to recent financial data, Spanish gaming and leisure giant Cirsa is on track to a complete recovery. The Blackstone-owned company has returned to pre-COVID levels for the first time after the pandemic. The operator plans to use this newly found momentum to fuel its expansion in Italy and Morocco.
Half One Results Indicate Steady Recovery
June was a pivotal month for Cirsa, Spain’s largest casino operator. The company recorded an H1 operating income of €778.4 million, marking a staggering 92.7% increase compared to the first half of 2021. June alone earned Cirsa €14.08 million, a substantial jump compared to the €105.56 million loss the operator had to swallow during the same period the previous year.
During a recent press release, company representatives stated that the favorable financial results resulted from skyrocketing income across all vectors. H1 revenue almost doubled compared to 2021 and has already surpassed pre-covid figures.
Cirsa owns 150 casinos, more than 82,000 gaming machines, roughly 80 bingo halls, and nearly 3,000 sports betting points. It also has several iGaming and online sports betting brands. The operator reported that the second quarter was particularly favorable to its casino business due to increased visits and the effective implementation of recovery plans.
Cirsa Confidently Invests in International Expansion
The Spanish company wasted no time and has seized the opportunity to translate its newly found momentum into expansion opportunities. The operator proudly announced that it had agreed to operate the only casino in the city of Tangier, one of Morocco’s most popular tourist destinations. While Cirsa already owns two venues in the North African country, the deal will significantly expand its presence in the area just as the nation reopens its casinos after the pandemic.
Cirsa also continues its substantial investments in Italy, which stands just behind its native Spain in market share. The company revealed it had closed the purchase of a 60% stake in Italian iGaming and online sports betting company Eplay24. Cirsa plans to leverage its experience and substantial presence in the area to boost the sportsbook’s relatively low popularity and make further headway in Italy.
The Company’s Crisis Management Efforts Paid Off
A return to profitability and record sales bode well for the future of the Spanish company. With the pandemic’s impact largely in the past, the operator is free to pursue its more ambitious plans. It has €197 million in cash and access to total liquidity of €331 million. The net debt dropped by 1.4% to €2,328.5 million compared to the end of the 2021 fiscal year, and trends indicate that 2022’s EBITDA should surpass 2019 by roughly €525 million.
Cirsa’s efforts to diversify its products and markets and shift its focus on the local customer base, paired with an omnichannel strategy, have allowed the company to surpass the coveted pre-COVID levels. A feat many high-profile operators are yet to achieve.
Deyan is an experienced writer, analyst, and seeker of forbidden lore. He has approximate knowledge about many things, which he is always willing to apply when researching and preparing his articles. With a degree in Copy-editing and Proofreading, Deyan is able to ensure that his work writing for Gambling News is always up to scratch.
Previous Article
Casino
September 8, 2022
Kindred and the Eagles Signed Another Partnership Extension
Must Read
Casino
September 2, 2025
55% of Filipino Gamblers, Unaware of Risks Tied to Illegal Sites
Casino
September 5, 2025
Sting Operation Leads to 28 Arrests in Florida’s Latest Gambling Case
Casino
September 1, 2025
Court Ruling Ends Cherokee Nation’s Bid for Russellville Resort Casino
More Articles
Business
September 5, 2025
Vancouver’s Parq Casino Eyes Expansion with 300 New Slot Machines
Industry
September 5, 2025
Sweden’s Gambling Market Shows Modest Growth amid Policy Debates
Business
September 5, 2025
Allwyn Posts Unaudited Q2 Report, Highlights Strong Results
Industry
September 5, 2025
Jefferies Improves Its Macau Casino Forecasts
Casino
September 5, 2025
Sting Operation Leads to 28 Arrests in Florida’s Latest Gambling Case
Casino
September 5, 2025
High Roller Launches Kassuuu Casino in Finland
Industry
September 5, 2025
India Hikes GST on Real Money Gaming and Betting to 40%
Casino
September 4, 2025
Penn Entertainment to Open New Tower at M Resort in December
Legal
September 4, 2025
Koi Nation’s Sonoma Casino Plans Stall After Federal Court Ruling
Casino
September 4, 2025
Two Players Win Slot Jackpots at Delaware Park Casino
Slots
September 4, 2025
Appease the Restless Gods in Play’n GO’s Rise of Olympus Extreme
Casino
September 4, 2025
Crypto Casinos Are Targeting Self-Excluded Gamblers in the UK