Spanish gaming group Cirsa reported third-quarter revenue of €628 million, up 12% year on year, and operating profit of €195 million, an increase of 6.8%. The company said operating profit would have reached €203 million, up 11.1%, excluding costs related to its proposed merger with Lottomatica.
Online activity leads growth
Online gaming and sports betting was Cirsa’s fastest-growing division. Amounts wagered increased 43.4% in the quarter, net revenue rose 19% and deposits increased 39.4%. Cirsa did not disclose how much of the increase in wagers and deposits translated into profit. The group also opened a casino in Cartagena de Indias and entered Paraguay with two casinos and two gaming halls.
Merger timetable
Cirsa expects to finish 2026 at the upper end of its previously communicated guidance range. It has called an extraordinary shareholders’ meeting for 30 November to advance its proposed merger with Lottomatica. The online growth figures are relevant to the group’s mix shift, but should not be interpreted as a standalone profit margin for the digital division.