CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced so it has further delved 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 payment solutions Sisal Group S.p.A. for the amount of €1 billion.
Sisal was launched in 1946 and contains since that time been supplying gambling that is numerous and payment solutions for gambling clients. Additionally it is interesting to see that the company that is milan-based end up being the first of its kind to run in Italy as being a Government Licensee. Sisal currently manages significantly more than 45,000 points of sale found 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 well known for formerly investing in major UK-based gambling operator William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a big part stake an additional gambling that is UK-based Sky Betting & Gaming. Lately, it had been established 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 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 in a position that is ideal secure development in various areas and they are searching ahead to aid its group in consolidating the company’s ‘leadership within the payments area,’ to carry on developing its online gambling platform, and also to innovate its retail business.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan group has completed ‘a great acquisition.’ The executive further noted that his company has become in a period of growth and contains been enjoying very good results for some time now. Mr. Petrone added that with CVC Capital Partners as its new owner, Sisal will be able to exploit its potential to a complete level, 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 that it has extended its existing partnership with Pacific on the web System Corporation, a general public company running the Philippines Charity Sweepstakes Office games. The new contract is valid through August 31, 2018.
It has been the fifth extension associated with the contract that is existing the two events since the establishment of the partnership back in 2006.
Underneath the terms of the newly finalized agreement, INTRALOT would keep on providing its LOTOS online lottery system solution to the gaming corporation. In addition, the Greek supplier would additionally provide a lot more than 1,200 lottery terminals and would connect 800 more primary units over the network that is points-of-sales by Pacific on line Systems Corp.
Commenting regarding the latest announcement, Willy Ocier, President regarding the gaming company, stated that the agreement expansion’s main goal is for the two companies to build regarding the established strong foundations and also to offer merchants across the Philippines utilizing the opportunity to take advantage of revolutionary video gaming technology that could help them improve lottery sales.
Mr. Ocier further noted that INTRALOT is without question a valuable partner in Pacific on the web Systems Corp.’s try to modernize the Philippine lottery landscape and because of the Greek business’s international experience, they have manged to help expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted they are exceedingly excited by the opportunity to attempt this kind of long-term partnership with Pacific on line Systems Corp. The state also noticed that they are looking forward to supporting their lovers inside their endeavor to offer revolutionary and gaming that is proven, to optimize client experience, and also to boost product sales.
The other day, INTRALOT announced its growth that is new strategy. The organization said that it is aimed at securing sustainable EBITDA increase, solid cashflow, and quick reduction of net financial obligation through strategic deals while the introduction of novel products.
Recently, the Greek company finished the merger of its operations that are italian those of fellow gaming business Gamenet. INTRALOT now holds a 20% stake into the blended entity. The company in addition has established that it would purchase a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards in the united states.