CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved in to the world of gambling through another strategic purchase. The equity that is private unveiled the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the amount of €1 billion.
Sisal had been started in 1946 and has since then been providing gambling that is numerous and re payment solutions for gambling customers. It’s also interesting to notice that the Milan-based business has become the to begin its type to run in Italy as being a Government Licensee. Sisal presently manages significantly more than 45,000 points of purchase found all over the country.
Although CVC Capital Partners has substantial past expertise in the gambling industry, the personal equity company has not had existence within the Italian gambling market to date. The business is known for previously buying major UK-based gambling operator William Hill. What is more, in March 2015, CVC Capital Partners acquired a big part stake in another UK-based gambling company Sky Betting & Gaming. Most recently, it absolutely was established that the private equity firm would additionally purchase German operator Tipico.
Commenting on the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group described that they are pleased about the opportunity to work with and spend in Sisal once the Italian company has long ago founded itself among the market leaders in Italy and has been providing diverse entertainment choices around the world.
Mr. Mazza further noted that Sisal is in a ideal place to secure development in various areas and that they searching for forward to guide its team in consolidating the organization’s ‘leadership in the payments space,’ to carry on developing its online gambling platform, and 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 now in a time period of growth and contains been enjoying results that are excellent some time now. Mr. Petrone included that with CVC Capital Partners as its brand new owner, Sisal will be able to exploit its potential up to a full extent, thus becoming more competitive and stronger.
INTRALOT Extends Partnership with Pacific On Line System Corporation
Operator and provider of solutions for the gambling that is international INTRALOT announced that it has extended its existing partnership with Pacific Online System Corporation, a public business running the Philippines Charity Sweepstakes Office games. The agreement that is new valid through August 31, 2018.
It has been the fifth extension of the contract that is existing the two events considering that the establishment of these partnership back in 2006.
Beneath the regards to the newly signed agreement, INTRALOT would continue supplying its LOTOS on the web lottery system way to the video gaming business. In addition, the Greek supplier would also offer significantly more than 1,200 lottery terminals and would link 800 more main units across the points-of-sales network managed by Pacific on the web Systems Corp.
Commenting regarding the announcement that is latest, Willy Ocier, President associated with the gaming company, stated that the agreement extension’s main goal is for the two companies to build on the established strong fundamentals and to offer merchants across the Philippines using the possibility to take advantage of innovative gaming technology that would help them improve lottery product sales.
Mr. Ocier further noted that INTRALOT is definitely a valuable partner in Pacific on the web Systems Corp.’s try to modernize the Philippine lottery landscape and thanks to the Greek business’s global experience, they will have manged to further expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they are incredibly excited by the opportunity to embark on this type of partnership that is long-term Pacific on line Systems Corp. The state also noticed that they truly are anticipating supporting their partners in their seek to offer revolutionary and gaming that is proven, to optimize consumer experience, and also to improve product sales.
A week ago, INTRALOT announced its growth that is new strategy. The organization stated it aims at securing sustainable EBITDA enhance, solid cash flow, and quick reduced total of web financial obligation through strategic deals as well as the introduction of novel services and products.
Recently, the Greek company completed the merger of its operations that are italian those of fellow video gaming business Gamenet. INTRALOT now holds a 20% stake into the entity that is combined. The organization in addition has established so it would purchase a 49% share in Eurobet Bulgaria, the main provider of lottery and scratchcards around the world.