Cirsa

Cirsa Enterprises is Spain's largest casino operator, founded in Terrassa, Catalonia in 1978 by Manuel Lao Hernández and still headquartered there. It runs 447 casinos and gaming halls and more than 83,000 slot machines across eleven regulated markets, spanning Spain, Italy and much of Latin America. Blackstone bought the group in 2018 and took it public on 9 July 2025, pricing the offer at 15 euros a share for a valuation of around 2.5 billion euros in what was one of the largest gambling listings on the Bolsa de Madrid. The group reported record net operating revenue of 2.15 billion euros for 2024, up 8%, with EBITDA of 699 million euros, a third consecutive year of record results. It also owns the Spanish betting brand Sportium.

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