Cirsa's Profit Plunge: Forex Woes & Online Bets

Cirsa, a major Spanish gambling company, saw profits plunge 11% due to a €16 million hit from adverse foreign exchange rates impacting its casino division. Despite this, online betting revenue surged 64%, cushioning the blow. Backed by Blackstone after a recent IPO valuing the company at €2.52 billion, Cirsa remains focused on online growth to offset casino market volatility and meet its full-year profit targets. The company's ability to balance traditional casinos with its booming digital platform will be key to future success. Hosted on Acast. See acast.com/privacy for more information.