European gaming properties re-open

By Violeta Prockyte

Spanish gambling operator Cirsa was forced to shut down its retail operations due to the global pandemic, but the company is aiming to resume work in June. Cirsa reported a 6% drop revenue for Q1, resulting in a loss of €355 million. Operating profits for Q1 also fell 14% to €89 million due to COVID-19 impacting customer flow.

In March, Cirsa was forced to shut down its operations in eight separate jurisdictions. Currently, the company only maintains a Spanish online sportsbook, Sportium, but this business unit was severely disrupted because of delays of global sporting events.

Cirsa plans to re-open its retail venues in June by bringing back to work close to 4,400 furloughed employees (84% of the workforce). The company stated the management focuses “on safeguarding the sustainability of the company, managing the decisions that protect its future in the short, medium and long term”.

Casinos Austria is planning to re-open 12 casinos today. The group announced there will be safety measures in place, such as masks, social distancing and other health regulations put in place. The company stated that “employees look forward to being able to personally greet the guests again after the corona-related closure, and to offer play, excitement and enjoyment again as part of a restricted operation”.

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