Cirsa (CIRSA)
Pitch Summary: Cirsa is the leading casino and slot operator across Spain and Latin America, recently listed at €15/share, trading at just 6× 2025E EBITDA. Backed by Blackstone, which retains ~80% ownership post-IPO, Cirsa combines stable European cash flows with faster-growing Latin American operations. The company has achieved 54 consecutive quarters of EBITDA growth pre-COVID […]
