CIRSA focuses on Spanish reopening following Q1 wipeout Ted Menmuir, SBC News · May 29, 2020 at 7:13 am CIRSA has reported that strong January and February growth was wiped-out by Coronavirus circumstances, which forced the Spanish gambling operator to shut down its entire retail gambling presence. The Blackstone Group owned operator reported that company performance had been in-line with expectations until March, as Q1 operating revenues declined by 6% to €355 million. Publishing its top-line results, CIRSA revealed that group Q1 operating profits fell by 14% to €89m as COVID-19 headwinds have interrupted all core CIRSA business units. Tracking the period 8-25 March, CIRSA was forced to shut down its entire operating presence across eight separate jurisdictions. At present, CIRSA’s only active business unit is Spanish online sportsbook Sportium, whose performance has been disrupted by the postponement of 2020’s global sports calendar.
