Cirsa is totally centered on gaming (machines). This company was based in Barcelona in 1978 by Manuel Lao Hernández. Immediately, based on the website, the company employs greater than 12000 individuals, owns 200 subsidiaries and is current in additional than 70 nations.
The son of the founder — Manuel Lao Gorina continues to be devoted to the company as vice-president.
The present business is split in 4 divisions: Slots, Casinos, Bingos and the production of game-machines. The primary one (slots)make up about 47% of the gross sales and contribute 45% to the earnings (“ebitda”), the second largest division is devoted to bingo, which attributes 23% of the gross sales and 12% to the earnings. Casinos nevertheless present the best growth-rate additionally it is probably the most worthwhile.
One other division of more moderen origin is devoted to interactive and online games. The casino business of Cirsa began with a takeover of the emblematic casino in Marbella in 1985.
In addition to being current in Spain which includes 69% of the business, the company is current in Italy (12%), Argentina (6%) and different South American nations. The primary casino there was opened in 1990 within the Dominical Republic 제안서디자인.
In line with the present president, Joaquin Agut who was chosen in 2006 (earlier CEO of Terra and Endemol), Argentina will open one of many largest casinos in 2009. On the web nevertheless there are a lot of tales a few casino-ship that’s being closed by regulation; the casino business is each worthwhile and dangerous … not within the final place as a result of it’s dealing with a unfavorable picture of cash laundering.
The company has doubled in income over 5 years, from 600 million euros (in 1994) to 1200 million euros in 2001. The years 2001 and 2002 had been problematic and after a brand new robust 12 months the final thee years the revenues present a extra average growth (1566, 1657 and 1700 million of euros for 2005 to 2007)
This company profile can be a profile of steady change. It began with the personal production of gaming machines, which is now the fourth business division with the bottom growth-rate. The query shall be whether or not the production of game-machines will proceed to be a part of the company. Up to now, 45% of game-machine gross sales in Spain originate from Cirsa.
On the website (1) there’s a particular part devoted to traders, however it’s protected (solely institutional traders are granted entry). On the web there may be details about a delayed IPO’s in 1999 and 2000, however what occurred afterwards stays unclear… The shares are usually not traded in Madrid, however there appears to be bonds of the company traded on the London Inventory Change (LSE).
The annual report too is just for institutional traders. That this company isn’t publicly listed is a real pity. Think about a company devoted to games and hypothesis, should not it not less than provide the likelihood to invest within the inventory of the company?
Hans Bool
(1) – http://www.cirsa.com