CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved to the world of gambling through another strategic purchase. The equity that is private unveiled 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 established in 1946 and it has ever since then been supplying gambling that is numerous and re payment solutions for gambling clients. Additionally it is interesting to note that the Milan-based company has end up being the first of its sort to run in Italy as being a Government Licensee. Sisal currently manages significantly more than 45,000 points of purchase located all around the nation.
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 organization is famous for previously buying major UK-based gambling operator William Hill. What’s more, in March 2015, CVC Capital Partners acquired a majority stake an additional gambling that is UK-based Sky Betting & Gaming. Lately, it had been announced that the private equity firm would also buy German operator Tipico.
Commenting on the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group revealed that they are pleased about the opportunity to utilize and spend in Sisal while the Italian business has way back when established itself among the market leaders in Italy and has been offering diverse activity options in the united states.
Mr. Mazza further noted that Sisal is within an position that is ideal secure development in numerous areas and they searching for ahead to guide its team in consolidating the company’s ‘leadership into the payments area,’ to keep developing its online gambling platform, and to innovate its retail company.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan group has completed ‘a great purchase.’ The executive further noted that his company is now in a time period of growth and contains been enjoying very good results for time 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 stronger.
INTRALOT Extends Partnership with Pacific On The Web 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 operating the Philippines Charity Sweepstakes workplace games. The brand new agreement is valid through August 31, 2018.
It has been the 5th extension of this current contract between the 2 parties considering that the establishment of their partnership back 2006.
Under the terms of the newly finalized contract, INTRALOT would keep on supplying its LOTOS online lottery system means to fix the video gaming business. In addition, the Greek supplier would also provide more than 1,200 lottery terminals and would link 800 more main devices throughout the network that is points-of-sales by Pacific on the web Systems Corp.
Commenting regarding the latest announcement, Willy Ocier, President associated with video gaming corporation, said that the contract expansion’s absolute goal is for the two businesses to build in the established strong fundamentals and to offer merchants across the Philippines with all the possibility to make use of innovative 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 try to modernize the Philippine lottery landscape and thanks to the Greek company’s global experience, they’ve manged to further expand their operations.
Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted that they are exceptionally excited by the chance to embark on this type of partnership that is long-term Pacific on the web Systems Corp. The state also pointed out that they’re looking forward to supporting their lovers in their endeavor to offer revolutionary and gaming that is proven, to optimize client experience, also to boost sales.
Last week, INTRALOT announced its brand new development strategy. The organization said that it is aimed at securing sustainable EBITDA increase, solid income, and fast reduction of web debt through strategic deals while the introduction of novel services and products.
Recently, the Greek company completed the merger of its operations that are italian those of other video gaming company Gamenet. INTRALOT now holds a 20% stake in the entity that is combined. The business has additionally established it would obtain a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards around the world.