CIRSA CEO Antonio Hostench has said the company is targeting a slew of M&A opportunities in the near future, the impact of which could be seen as early as Q4 2025.
The Apuesta Total parent company reported net revenue of €120.7m (£106.1m) for its online gaming and betting arm for the third quarter of 2025.
The figure represented an 8.1% increase year on year (YoY), with strong performances in Spain, Peru and Portugal cited as key growth drivers.
Speaking on CIRSA’s Q3 earnings call today, 25 November, Hostench said that the company has plans to complete more acquisitions in the near future.
The company’s Q3 filings referenced the purchase of a land-based casino location in Morocco, following on from the acquisition of a 70% stake in Apuesta Total in July 2024. A stake in CasinoPortugal was also taken in 2024.
Hostench said: “For Q4, you should expect a big impact on M&A. We’ve just had the acquisition in Morocco, and we will hopefully be announcing in the coming weeks a few smaller acquisitions, but the real impact will be next year.
“Of those acquisitions, there are some which should be crystalising in the starting period for next year. We’ve said in the past that one of the characteristics of CIRSA’s M&A is not buying problems.
“At the time of making acquisitions, we are very conservative and very demanding in terms of return. Having said that, the opportunities we have in the pipeline are great.”
Hostench went on to add that the Brazilian market won’t feature in CIRSA’s M&A plans.
In September, the CEO suggested Brazilian M&A was a possibility if conditions in the market were to improve.
However, he added that CIRSA remains at a standstill in the South American country, with struggles against black market operators still a prominent issue.
Hostench continued: “In Brazil, we’re still in the same place that we were a few months ago, which is to wait and see. There are already changes in regulation and taxation expected to happen in that country.
“On top of that, the regulator is still not taking action to really ban the illegal market. So, we will keep having conversations with some of the local players that will be ready or would be open to the transaction, but we are still very sceptical.
“I don’t think you should expect us to take steps in Brazil for the coming 12 months.”
The post CIRSA CEO: M&A to have a “big impact” in the next quarter first appeared on EGR Intel.
Antonio Hostench talks up acquisition opportunities in the near future, while ruling out any further activity in the Brazilian market
The post CIRSA CEO: M&A to have a “big impact” in the next quarter first appeared on EGR Intel.