Grupo CIRSA has been recognised as a ‘Top-100’ enterprise of the Madrid Stock Exchange and Spanish markets.
The accreditation was authorised by the Management Committee of Spanish Stock Exchanges (IGBM), confirming CIRSA’s inclusion among Spain’s highest-valued publicly listed companies as of 2 January 2026.
CIRSA is joined by IT and data-centre management firm Izertis SA as the two new additions to the IGBM Top-100. The index was reconfigured following the de-listing of hotel and leisure firm Grupo Minor in the fourth quarter of 2025, after its sale to NH Hotels.
2025 marked a transformative year for CIRSA, as the group completed its long-awaited listing on the Madrid Bolsa and associated Spanish exchanges. In July, private equity owner Blackstone executed a partial float of the gambling group, retaining a controlling 78% ownership stake following the IPO.
Since listing, CIRSA shares have traded within a €14–15 range, underpinning a market valuation of approximately €2.6bn.
The IPO raised around €400m in fresh capital, strengthening the group’s balance sheet and providing funding to accelerate international expansion and selective M&A activity across fully regulated jurisdictions.
Following the listing, Chairman Joaquim Agut expressed confidence that 2025 would be the strongest year in CIRSA’s history, with group revenues expected to exceed €2.2bn and EBITDA surpassing €700m.
As a publicly listed company, Agut reiterated CIRSA’s new ambitions “to become the highest-valued gambling enterprise, operating in Spanish markets.”
CIRSA’s new corporate strategy is built around three core pillars: maintaining leadership in Spain; accelerating expansion across South America in both land-based and online markets; and to steadily reduce group debt, which stands at approximately €2.3bn, on a quarter-by-quarter basis.
At the close of 2025, CIRSA advanced its M&A agenda in Peru, completing the acquisition of four land-based casino properties — three in Lima and one in the province of Cusco. The transactions will expand CIRSA’s casino portfolio in Peru to 25 properties, consolidating the company’s market leadership established earlier this year through the acquisition of ApuestaTotal Peru.
Commenting on the acquisition, CIRSA stated that the transaction “reinforces our leadership position in Peru and is fully aligned with our strategy of selective growth in 100% regulated markets, while maintaining financial discipline.”
Backed by the long-term support of Blackstone, Agut told investors that disciplined execution of the group’s strategy is expected to double CIRSA’s valuation to a mid-term target of +€4bn, with management now focused on demonstrating “a proven value creation during its first year as a Spanish-listed Plc”.