This figure represents a 9.5 percent year-over-year increase.
Press release.- CIRSA recorded in the third quarter of 2024 operating revenues of EUR 531m and an operating profit of EUR 173m, a 9.5 percent increase year-over-year.
"These results confirm the solid growth trend of the company's business thanks to its strategy of focusing on key markets and continuously improving the offer and quality of service, which means surpassing operating revenues by 7.8 percent and operating profit (Ebitda) by 9.5 percent compared to the third quarter of 2023," the company explained.
In the first nine months of 2024, the company has accumulated an Ebitda of EUR 508m and operating revenues of EUR 1.564m.
It is worth noting the acquisition of Apuesta Total, a leading company in sports betting and online gaming in Peru, which reaffirms the group's significant commitment to the online channel in regulated markets. With this acquisition and organic growth in this division, the online channel gains importance in the group, increasing its revenues from 14 percent of the total group in the third quarter of 2023 to 21 percent in this quarter.
These results reaffirm the forecast that the company communicated last June for the entire year and which respond to the good implementation of the operational plans by the different business units, all in an environment of macroeconomic and global geopolitical uncertainty.
Casinos
The results of the Casino division for the third quarter of 2024 continue with the good trend thanks to the improvement of results compared to the previous quarter. Work continues on the roadmap marked in recent years with the selective renovation of facilities, having remodeled several establishments during this quarter and renewed the machine park to improve service and comfort for customers. Likewise, the division continues with the strict execution of commercial and productivity plans, to offset inflationary increases mainly in Latin American countries.
Slots Spain
The division continues with excellent results, both in revenues and Ebitda, supported by sustainably meeting customer expectations. Unidesa's products, “Manhattan Boom” and “Pyramid Cash Bar”, are fundamental pillars in the execution of this strategy.
The execution of the planned commercial and efficiency plans has been decisive in the
favorable evolution of the results of the quarter.
See also: Cirsa prepares a new attempt to go public
Slots Italy
After a first semester of consolidating the operation and in a complex market environment, the division in Italy has managed to improve results compared to the general market trend, especially based on product improvement actions, support for sales points, and cost improvement implementations.
The focus on product, service, execution of commercial plans and productivity will be determining factors to achieve the planned goals in the last quarter of 2024.
Online Gaming and Betting
The provider will showcase its diverse portfolio in Mexico at booth A8, on November 26 and 27.
Press release.- Pragmatic Play will be presented at GAT Caribe Cancún in November. In this way, the provider continues to increase its presence in Latin America and the Caribbean.
The event, which will take place over two days, from November 26 to 27, brings together igaming industry professionals at the International Center of Cancún in Mexico, expanding GAT's event offerings to the physical and online markets of the region.
The exhibition will host two days of stimulating panels and networking opportunities, with experts from the Academia GAT Caribe Cancún leading talks, training, and debates on various topics for the future development of the gaming industry.
The provider will exhibit its diverse portfolio of slot games, live casino, virtual sports, and bingo content at Booth A8, in addition to inviting attendees to experience the excitement of its biggest Latin American hits in Pragmatic Play Experience.
On the other hand, Pragmatic Play will be the exclusive diamond sponsor of the event, highlighting the importance of industry exhibitions and the vital role the provider plays in them.
See also: Pragmatic Play surprised at SBC Summit Latin America with its candy experience
Víctor Arias, Vice President of Operations for Latin America at ARRISE powering Pragmatic Play, expressed: "Pragmatic Play is delighted to participate in GAT Caribe Cancún, which represents another opportunity for the provider to strengthen its commitment to the markets of Latin America and the Caribbean."
And he added: "As the only diamond sponsor of the event, the company looks forward to showcasing its cutting-edge content and connecting with industry professionals. Events like GAT Cancún are essential to drive the future of the igaming industry, and Pragmatic Play is excited to be part of the conversation again."
Pragmatic Play currently produces up to eight new slot titles per month, while also offering bingo and live casino games as part of its multi-product portfolio, available through a single API.
