Cirsa Games

History

Cirsa was founded in 1978 by Manuel Lao Hernández in Terrassa, Catalonia, as a small gaming machine operator. Over the decades it expanded into casinos, slot machine routes, and betting halls across Spain and Latin America. In 2018, private equity firm Blackstone Inc. acquired the group for an enterprise value of about €2.2 billion. The Cirsa Games division emerged as the technology and B2B arm, focusing on hardware and software solutions. A major milestone was the 2025 initial public offering on the Madrid Stock Exchange, valuing the group at approximately €2.5 billion.

Business Model and Products

Cirsa Games operates as the interactive technology and systems arm, responsible for development, distribution, and operation of electronic gaming machines, instant lottery terminals, online casino platforms, and sports betting solutions. It serves both the group’s own casinos and gambling halls (447 venues, over 83,000 slot machines) and third-party operators through a full B2B suite. Key products include the Cirsa Gaming Platform (CGP) for omnichannel online casino, sports betting, and bingo management; eBingo terminals with networked progressive jackpots; instant lottery terminals; slot machine cabinets such as the Vortex series; a full sportsbook platform; interconnected recreational gaming systems for linked jackpots; and B2B content licensing via remote game server technology. The division also offers hardware rental and maintenance services.

Market Position and Recent Developments

Cirsa Games competes in the regulated gambling markets of Spain and several Latin American countries, including Peru, Colombia, Mexico, and Argentina. Its parent group is one of the largest European gambling operators, and the division benefits from deep market presence and regulatory compliance across ten jurisdictions. Recent growth initiatives include the acquisition of Apuesta Total in Peru in 2024 and the purchase of four Dreams casinos in Peru in 2025, strengthening Latin American operations. The division is known for its commitment to responsible gaming and operates under all relevant local licenses.

Leadership

The leadership of Cirsa Games is tied to the parent company Cirsa, as no separate management team for the division is publicly disclosed. Key executives include Joaquim Agut Bonsfills as Executive Chairman, Antonio Hostench as Group CEO, Antonio Feu as CEO and Executive Director, Antonio Folguera as Chief Financial Officer, and Juan Ignacio Trullas in a management role. These individuals oversee the group’s overall strategy, which includes the interactive division.