CIRSA announces the acquisition of a 50% stake in the Gran Casino de la Mamounia in Marrakech

Terrassa, November 17, 2025 – CIRSA has announced today that it has acquired, through its subsidiary CIRSA International Business Corporation, a 50% stake in the Grand Casino de La Mamounia.

The Grand Casino de La Mamounia is located on the grounds of Hotel La Mamounia, a historic luxury hotel in the city of Marrakech which consistently ranks among the top deluxe hotels in the world. The casino is an international reference in the sector in terms of luxury and exclusivity, which will be preserved and further enhanced in the future.
This transaction aligns with CIRSA’s strategic focus on selective growth in core geographies and will reaffirm its long-term commitment to the country. Current management team of the casino will stay in place.

The transaction multiple is consistent with previous transactions executed by CIRSA. The transaction will be financed with available cash. Based on current estimates, its impact on CIRSA Group’s pro forma leverage is not expected to be significant.