CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved to the world of gambling through another strategic acquisition. 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 quantity of €1 billion.
Sisal ended up being founded in 1946 and has now subsequently been providing numerous gambling choices and payment solutions for gambling customers. It is also interesting to note that the company that is milan-based end up being the first of its type to run in Italy as being a Government Licensee. Sisal presently manages more than 45,000 points of sale situated throughout the country.
The private equity firm has not had presence in the Italian gambling market so far although CVC Capital Partners has substantial previous experience in the gambling industry. The business is famous for formerly purchasing major gambling that is UK-based William Hill. What is more, in March 2015, CVC Capital Partners acquired a majority stake in another UK-based gambling company Sky Betting & Gaming. Lately, 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 group revealed as one of the market leaders in Italy and has been offering diverse entertainment options across the country that they are pleased with the opportunity to work with and invest in Sisal as the Italian company has long ago established itself.
Mr. Mazza further noted that Sisal is within an position that is ideal secure growth in different areas and that they are searching forward to aid its group in consolidating the organization’s ‘leadership within the re payments space,’ to keep developing its on line gambling platform, and to innovate its retail business.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan group has completed ‘a great purchase.’ The executive further noted that their business has become in a time period of growth and has now been enjoying results that are excellent a while now. Mr. Petrone included that with CVC Capital Partners as its new owner, Sisal will be able to exploit its potential up to a extent that is full thus becoming more competitive and stronger.
INTRALOT Extends Partnership with Pacific Online System Corporation
Operator and provider of solutions for the international gambling industry INTRALOT announced it has extended its existing partnership with Pacific on the web System Corporation, a general public business running the Philippines Charity Sweepstakes Office games. The agreement that is new legitimate through August 31, 2018.
It has been the 5th expansion of the contract that is existing the two parties since the establishment of these partnership back 2006.
Beneath the terms of the newly signed contract, INTRALOT would keep on supplying its LOTOS online lottery system treatment for the video gaming corporation. In addition, the Greek supplier would additionally offer a lot more than 1,200 lottery terminals and would link 800 more primary devices over the network that is points-of-sales by Pacific on line Systems Corp.
Commenting on the announcement that is latest, Willy Ocier, President for the video gaming firm, stated that the contract extension’s absolute goal is for the two companies to build on the founded strong foundations also to offer stores across the Philippines using the opportunity to make the most of revolutionary video gaming technology that will help them improve lottery sales.
Mr. Ocier further noted that INTRALOT has always been a valuable partner in Pacific on line Systems Corp.’s try to modernize the Philippine lottery landscape and as a result of the Greek organization’s worldwide experience, they’ve manged to further expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they are excessively excited by the chance to embark on such a partnership that is long-term Pacific on the web Systems Corp. The state also noticed that they are looking forward to supporting their partners within their endeavor to offer revolutionary and gaming that is proven, to optimize customer experience, and to improve product sales.
Last week, INTRALOT announced its new growth strategy. The business stated it is aimed at securing sustainable EBITDA enhance, solid income, and fast reduction of web debt through strategic deals and the introduction of novel products.
Recently, the Greek business completed the merger of its Italian operations with those of fellow gaming business Gamenet. INTRALOT now holds a 20% stake in the blended entity. The business in addition has announced it would buy a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards around the world.