CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced so it has further delved in to the world of gambling through another acquisition that is strategic. The personal equity company revealed the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the total amount of €1 billion.
Sisal had been launched in 1946 and it has since that time been providing numerous gambling options and payment solutions for gambling customers. Additionally it is interesting to notice that the company that is milan-based get to be the to begin its sort to operate in Italy being a Government Licensee. Sisal presently manages a lot more than 45,000 points of sale found all around the country.
Although CVC Capital Partners has substantial past expertise in the gambling industry, the personal equity company has not had existence in the Italian gambling market to date. The organization is known for formerly investing in major gambling that is UK-based William Hill. What is more, in March 2015, CVC Capital Partners acquired a big part stake in another gambling that is UK-based Sky Betting & Gaming. Most recently, it was announced that the equity that is private would also purchase German operator Tipico.
Commenting on the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team described that they’re pleased with the opportunity to use and invest in Sisal while the Italian business has long ago founded itself as one of the market leaders in Italy and contains been providing diverse activity choices across the country.
Mr. Mazza further noted that Sisal is within an position that is ideal secure development in numerous areas and they are searching ahead to aid its team in consolidating the organization’s ‘leadership into the re payments room,’ to continue developing its online gambling platform, and also to innovate its retail business.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan team has completed ‘a great purchase.’ The executive further noted that their business is currently in a period of growth and has now been enjoying results that are excellent a while now. Mr. Petrone added that with CVC Capital Partners as its brand new owner, Sisal should be able to exploit its potential up to a extent that is full therefore becoming more competitive and more powerful.
INTRALOT Extends Partnership with Pacific On Line System Corporation
Operator and provider of solutions for the worldwide gambling industry INTRALOT announced it has extended its existing partnership with Pacific on the web System Corporation, a public business operating the Philippines Charity Sweepstakes workplace games. The agreement that is new valid through August 31, 2018.
This has been the fifth extension associated with the contract that is existing the 2 events because the establishment of their partnership back in 2006.
Underneath the terms of the newly signed contract, INTRALOT would carry on providing its LOTOS online lottery system treatment for the video gaming company. In addition, the Greek provider would also provide more than 1,200 lottery terminals and would connect 800 more main units across the points-of-sales network managed by Pacific on the web Systems Corp.
Commenting on the latest statement, Willy Ocier, President associated with the video gaming business, said that the contract expansion’s main goal is for the 2 organizations to build on the founded strong foundations also to offer merchants throughout the Philippines aided by the opportunity to make the most of revolutionary video gaming technology that will help them improve lottery sales.
Mr. Ocier further noted that INTRALOT is definitely a partner that is valuable Pacific on the web Systems Corp.’s endeavor to modernize the Philippine lottery landscape and thanks to the Greek organization’s global experience, they’ve manged to help expand their operations.
Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted that they’re incredibly excited by the chance to attempt this type of partnership that is long-term Pacific on the web Systems Corp. The official also pointed out that they’re getting excited about supporting their lovers inside their seek to offer innovative and gaming that is proven, to optimize consumer experience, and also to boost product sales.
Last week, INTRALOT announced its brand new growth strategy. The business stated it is aimed at securing sustainable EBITDA enhance, solid cash flow, and quick reduction of net debt through strategic deals as well as the introduction of novel products and services.
Recently, the Greek business completed the merger of its Italian operations with those of other gaming company Gamenet. INTRALOT now holds a 20% stake into the entity that is combined. The business has additionally announced so it would purchase a 49% share in Eurobet Bulgaria, the primary provider of lottery and scratchcards across the country.