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Pestana Group and Cirsa in the 'Race' to Operate Casino da Madeira
Business
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CoimbraMadeira

Pestana Group and Cirsa in the 'Race' to Operate Casino da Madeira

dnoticias.pt14 September 2026 at 11:43

The Pestana Group and Cirsa are competing to obtain the exclusive license to operate games of chance in the Funchal gaming zone. ITI – Sociedade de Investimentos Turísticos da Ilha da Madeira, which operates Pestana Casino Park, and Sociedade Figueira Praia, responsible for the casino in Figueira da Foz, are the two candidates for the operation.

The deadline for submitting proposals ended last week, marking the close of the application phase of the public tender. The process now awaits the evaluation of the proposals submitted by the two competing companies.

The current contract in force, which remains in the hands of the Pestana Group, is valid until December 31, 2026. From January 1, 2027, the casino operation may remain under Pestana Group management or pass to Sociedade Figueira Praia, depending on the decision resulting from the tender process.

Why this matters

Regional readers are affected because the decision will determine which operator will manage Madeira Island's main gambling business, affecting tourism revenue and employment. Following the proposal deadline at the end of last year, this competitive outcome will have a direct impact before the current contract expires at the end of 2026. WHY: Regional readers are affected because the decision will determine which operator will manage Madeira Island's main gambling business, affecting tourism revenue and employment. Following the proposal deadline at the end of last year, this competitive outcome will have a direct impact before the current contract expires at the end of 2026.

About this summary

This is our short summary of a report published by dnoticias.pt on 14 September 2026 at 11:43; the full text stays with the publisher. In our feed it sits under Business, and it concerns Coimbra. We currently carry 22508 items in that section.

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