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CIRSA back in the black despite currency exchange impact on Q2 revenue

8th September 2016 8:26 am GMT

Spanish gaming operator CIRSA returned to profit during the second quarter of 2016 despite posting a marginal decline in net operating revenue to €399.0m.

Revenue was down by 0.2 per cent year-on-year following an 8 per cent drop in net operating revenue from its land-based casino business, which offset growth in its bingo and slots divisions.

The operator saw Q2 EBITDA increase by 7 per cent to €98.6m, which it attributed to the improvement in its Spanish [...]

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