Company Profiles – Cirsa
November 5th, 2011Author: adminCirsa is totally focused on the games (machines). The company was founded in Barcelona in 1978 by Manuel Hernández Laos. Today, according to the site, the company employs over 12,000 people, has 200 branches and operates in over 70 countries.
The son of the founder – Manuel Lao Gorina is still devoted to the company as vice president.
The current activity is divided into four divisions: Slot machines, casinos, bingo and production of gaming machines. The first (slot) is about 47% of revenues and contribute 45% of compensation (“EBITDA”) is the second largest division dedicated to bingo, which allocates 23% of sales and 12% profit. Casinos has the best growth rate is also the most profitable.
Another division of more recent origin is dedicated to interactive gaming and online. The casino business of the CIRS began with a shot of the emblematic Casino of Marbella in 1985.
In addition, the presence in Spain, which contains 69% of the business, the company has a presence in Italy (12%), Argentina (6%) and other South American countries. The casino opened there in 1990, Dominical Republic.
The current president, Joaquin Agutter who was elected in 2006 (former CEO of Terra and Endemol), Argentina will open one of the largest casinos in 2009. On the Internet there are many stories about a casino vessel are closed by law; casino business is both profitable and risky … not in last place, as it faces a negative image of money laundering.