Spanish gaming operator Cirsa reported profits of 98.6m in the second quarter of 2016 - a rise of 7.4 per cent compared with the same period the previous year.
The company reported increased revenues and earnings in its Latin American casino division, partially mitigating the effects of significant devaluations in the Argentine peso and Columbian peso. General cost management and optimisation strategies also helped minimise the impact of exchange rates.
The company enjoyed strong demand and favourable market conditions in the Spanish casino sector while in Italy it maintained its strength in the AWP market, with new games being well received. Cirsa also reported continued strength in the VLT sector with strong income per machine and its latest Unidesa games proving popular.
Further growth came from its bingo division while its loyalty programmes also helped provide growth across a range of products. It reported strong performance across its multiplayer machines, electronic roulette and Sportium - its sports betting operator half owned by the UK’s Ladbrokes.
Also contributing to growth was its B2B division with Unidesa maintaining its strength within the Type B machine sector in Spain. Mexico was also a growth market for the company with improved acquisition and retention of new customers.
