VIE 5 DE DICIEMBRE DE 2025 - 07:01hs.
With a €2.5bn valuation

Cirsa launches on Barcelona stock exchange

Spanish casino operator Cirsa, owned by Blackstone, has made Spanish history by launching on the Barcelona stock exchange, securing a €2.5bn valuation and raising €400m in fresh capital on its first day of trading. The company offered 26.6 million new shares with the idea of reducing their debt and 'generate the maximum value' for its clients and stockholders to be able to 'better compete in a globalized world,' president Joaquim Agut, said on Wednesday (9) after the bell.

Joaquim Agut added that among over 250 international investors, there were major investors including BlackRock, Santander and Norges. “There has been a lot of interest,” he said.

Agut concluded: “Today we have experienced a historic moment for Cirsa, the ringing of the bell at the Barcelona Stock Exchange. This marks the beginning of a new stage for our Group and reaffirms our commitment to sustainable growth and long-term value creation. Thank you to all the people who have made it possible.

Between 2025 and 2027, Cirsa hopes to boost its M&A investment capacity with an organic cash flow generation of €400 million to €500 million.

Cirsa, which operates roughly 450 casinos in 11 countries, generated €576,7m in operating revenue and €179m in operating profit in the first quarter of 2025, surpassing its previous quarterly records once again.

Driven by a clear well-defined strategy and solid operational execution, the year began with a 12.5 per cent increase in operating revenue and a 9.1 per cent increase in operating profit compared to the first quarter of 2024.

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.

Source: GMB