Spread Research - CIRSA 1Q16

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Spread Research

CIRSA 1Q16

â€‹Cirsa, the leading Spanish gaming company, has reported softer 1Q16 results in line with our expectations. Despite the buoyant Latin American casino market, sales were only up by 1% yoy to â‚¬389m as Argentinian and Colombian Peso devaluations accelerated this quarter. Looking ahead, we expect the group to post single digit growth in FY16, supported by the strategy to increase its presence in the Latam casino area.

09/06/2016 2 EN

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Spread Research

Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.

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CIRSA 1Q16

Gamenet 2q18 - sport payout change offsets regulation impact, goldbet to boost profitability

INTRALOT- Special Comment

IQVIA- 2Q18 Comments

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