CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners announced that it has further delved to the world of gambling through another acquisition that is strategic. The equity that is private revealed the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the total amount of €1 billion.

Sisal had been started in 1946 and contains since that time been providing numerous gambling choices and payment solutions for gambling customers. It’s also interesting to note that the company that is milan-based get to be the first of its type to run in Italy as a Government Licensee. Sisal currently manages more than 45,000 points of sale situated all over the nation.

Although CVC Capital Partners has substantial past expertise in the gambling industry, the private equity firm have not had presence in the Italian gambling market to date. The company is known for formerly buying major UK-based gambling operator 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. Of late, it had been announced that the personal equity firm would additionally buy German operator Tipico.

Commenting on the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group pointed out that they’re pleased with the opportunity to use and spend in Sisal once the Italian company has long ago founded itself as one of the market leaders in Italy and has been providing diverse activity choices in the united states.

Mr. Mazza further noted that Sisal is in an position that is ideal secure development in various areas and they are looking ahead to support its team in consolidating the company’s ‘leadership within the payments room,’ to continue developing its on line 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 his business is now in a period of growth and has been enjoying excellent results for a while now. Mr. Petrone included that with CVC Capital Partners as its new owner, Sisal should be able to exploit its potential 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 gambling that is international INTRALOT announced it has extended its existing partnership with Pacific on the web System Corporation, a general public business operating the Philippines Charity Sweepstakes Office games. The agreement that is new valid through August 31, 2018.

This has been the fifth extension regarding the current contract between the 2 parties considering that the establishment of the partnership back in 2006.

Under the regards to the newly finalized contract, INTRALOT would carry on supplying its LOTOS on the web lottery system treatment for the gaming business. In addition, the Greek provider would additionally offer more than 1,200 lottery terminals and would link 800 more main devices throughout the network that is points-of-sales by Pacific on line Systems Corp.

Commenting in the latest announcement, Willy Ocier, President associated with the video gaming corporation, stated that the agreement expansion’s absolute goal is for the 2 businesses to build regarding the established strong fundamentals and also to provide stores across the Philippines because of the opportunity to make the most of revolutionary gaming technology that could help them boost lottery product sales.

Mr. Ocier further noted that INTRALOT is without question a valuable partner in Pacific on line Systems Corp.’s seek to modernize the Philippine lottery landscape and thanks to 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 exceedingly excited by the chance to set about this kind of long-lasting partnership with Pacific on the web Systems Corp. The state also pointed out that they truly are looking forward to supporting their partners inside their try to offer revolutionary and proven gaming solutions, to optimize consumer experience, and to improve product sales.

Last week, INTRALOT announced its growth that is new strategy. The business said that it aims at securing sustainable EBITDA increase, solid cash flow, and quick reduction of web financial obligation through strategic transactions and the introduction of novel products and services.

Recently, the Greek business finished the merger of its Italian operations with those of fellow video gaming business Gamenet. INTRALOT now holds a 20% stake into the mixed entity. The company has also established that it would purchase a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards in the united states.