CIRSA narrows Q3 net loss as revenue growth continues

27th November 2014 9:48 am GMT

Spanish gaming operator CIRSA has reported a 17 per cent increase in net operating revenue to €345.0m for the third quarter of 2014, following year-on-year growth across all of its business segments.

CIRSA attributed the revenue growth to its latest acquisitions which helped to offset the negative impact of foreign exchange effects, particularly the 56 per cent depreciation of the Argentinean Peso.

Q3 2014 Net Operating Revenue

Euros (€)   Q3 2013 Q3 2014         Slots   133.0m 123.1m Casinos   163.7m 119.3m Bingo   42.8m 40.9m B2B   20.4m 17.4m TOTAL   345.0m 295.4m

CIRSA’s slots division saw net operating revenue increase [...]