Grupo CIRSA has achieved a significant corporate milestone by officially securing a position in the ‘Top-100’ index of the Madrid Stock Exchange.
Authorized by the Management Committee of Spanish Stock Exchanges (IGBM), this accreditation cements CIRSA’s status as one of Spain’s highest-valued publicly listed companies effective January 2, 2026. The gambling giant joins IT firm Izertis SA as a new addition to the index, filling the vacancy left by the delisted Grupo Minor.
Post-IPO Success and Financial Outlook
The inclusion in the IGBM follows a transformative 2025 for CIRSA. In July, the group executed a highly anticipated IPO that raised approximately €400 million in fresh capital. While private equity firm Blackstone retains a controlling 78% stake, the listing successfully established a market valuation of roughly €2.6 billion, with shares trading steadily in the €14–15 range.
Chairman Joaquim Agut expressed high confidence in the company’s trajectory, projecting 2025 to be the strongest financial year in CIRSA’s history. The group anticipates revenues exceeding €2.2 billion and EBITDA surpassing €700 million. Agut emphasized that the fresh capital will be pivotal in strengthening the balance sheet and funding selective mergers and acquisitions.
Strategic Expansion in South America
CIRSA’s growth strategy focuses on three core pillars: solidifying leadership in Spain, reducing its €2.3 billion debt, and accelerating expansion across South America. The company has already moved quickly on the latter, closing 2025 with the acquisition of four land-based casinos in Peru, three in Lima and one in Cusco.
This latest transaction expands Grupo CIRSA’s Peruvian portfolio to 25 properties and consolidates the market leadership gained through the earlier acquisition of ApuestaTotal. By focusing on fully regulated jurisdictions and maintaining financial discipline, management aims to demonstrate proven value creation, with a medium-term target of doubling the group’s valuation to over €4 billion.
