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 acquisition. The personal equity firm revealed the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the quantity of €1 billion.
Sisal ended up being launched in 1946 and has since that time been providing gambling that is numerous and re payment solutions for gambling clients. It is also interesting to note that the company that is milan-based get to be the to begin its kind to run in Italy as being a Government Licensee. Sisal presently manages significantly more than 45,000 points of purchase found all around 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 organization is known for previously buying major gambling that is UK-based William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a big part stake in another UK-based gambling company Sky Betting & Gaming. Of late, it absolutely was announced that the equity that is private would also purchase German operator Tipico.
Commenting regarding 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 development in various areas and that they searching for ahead to aid its group in consolidating the organization’s ‘leadership into the re 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 team has completed ‘a great acquisition.’ The executive further noted that his business happens to be in a period of growth and contains been enjoying excellent 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 extent, hence becoming more competitive and more powerful.
Operator and provider of solutions for the worldwide gambling industry INTRALOT announced it has extended its existing partnership with Pacific Online System Corporation, a public business operating the Philippines Charity Sweepstakes workplace games. The brand new contract is legitimate through August 31, 2018.
This has been the 5th extension regarding the contract that is existing the two events since the establishment of the partnership back 2006.
Underneath the terms of the newly finalized contract, INTRALOT would keep on supplying its LOTOS on the web lottery system means to fix the gaming company. In addition, the Greek supplier would also offer a lot more than 1,200 lottery terminals and would link 800 more main devices over the points-of-sales network managed by Pacific on line Systems Corp.
Commenting in the announcement that is latest, Willy Ocier, President for the video gaming business, said that the agreement extension’s absolute goal is for the 2 organizations to build on the founded strong fundamentals also to provide merchants throughout the Philippines with the opportunity to make the most of revolutionary gaming technology that would help them boost lottery product sales.
Mr. Ocier further noted that INTRALOT has become a partner that is valuable Pacific Online Systems Corp.’s seek to modernize the Philippine lottery landscape and thanks to the Greek organization’s global experience, they’ve manged to further expand their operations.
Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted that they’re extremely excited by the opportunity to attempt such a partnership that is long-term Pacific Online Systems Corp. The state also remarked that these are typically looking towards supporting their lovers within their try to provide revolutionary and proven gaming solutions, to optimize customer experience, also to improve product sales.
A week ago, INTRALOT announced its growth that is new strategy. The organization stated that it is aimed at securing sustainable EBITDA increase, solid income, and fast reduction of web financial obligation through strategic deals and the introduction of novel services and products.
Recently, the Greek business completed 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 organization has also established that it would buy a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards across the country.