Due to a precise execution of the business plans and greater efficiency and productivity, as well as the opening of more properties, gaming operator Cirsa https://www.cirsa.com/en/ shared favorable numbers for its business in Q2 2021, after a difficult first trimester. In addition to the very important progress mentioned in revenue and operating profit, the capacity of the rooms in productive hours from April to June 2021 evolved (especially in Colombia, the Dominican Republic and Costa Rica), standing at 62.4%, an absolute improvement compared to 33% in the previous quarter.
Other aspects to be highlighted in this Cirsa financial report are the following: 1) progress in the Slots division in Spain; 2) very positive recovery of revenue in AWPs and VLTs in Italy; 3) good performance of the Halls division in Spain, thanks to the commercial strategies and the health and safety measures contemplated in the ‘Play Safe’ Plan; 4) the Bingo division in Spain experienced a recovery thanks to having all the rooms open; 5) Sportium’s Retail and Online divisions reached a level of activity similar to that before the pandemic, due to a progressive improvement against restrictions, the finishing of multiple sports competitions and the start of the Eurocup at the end of the quarter ; 6) better results and new business plans for gambling halls in Mexico, and 7) regarding Unidesa, the Industrial division continued the recovery that had already begun at the end of the first quarter due to the increase in sales in the Hospitality channel, while the Interactive area maintained its growth through the installation of new room management systems.
In Spain, the improvement trend from April to June 2021 was concentrated in most of the Autonomous Communities and in subsectors (casinos, bingo rooms, halls and the hospitality vertical), as well as in Sportium’s retail and online business. In Italy, the authorities allowed the return to activity in a staggered manner from the beginning of June, after more than seven months with closed operations. In Latin American countries, the general trend during the second quarter was a continuous opening of casinos, although still with strong restrictions on capacity, hours and complementary services due to the incidence of the pandemic, leaving a quarterly average of operating hours of 65%. Currently, Spain and Italy operate at 90% of productive hours, while Latin American countries reach 75%, percentages that the company foresees will keep on increasing in the coming months.
Cirsa is a global benchmark in gaming and leisure activity. Its entertainment offering in nine countries includes 151 casinos, more than 82,300 arcade machines, 80 bingo rooms, 242 halls, about 3,000 sports betting points and the industrial division. It also has online gambling licenses in Spain and Colombia.