CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced that it has further delved in to the world of gambling through another strategic purchase. The equity that is private revealed the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the amount of €1 billion.
Sisal ended up being launched in 1946 and contains ever since then 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 type to operate in Italy as a Government Licensee. Sisal presently manages a lot more than 45,000 points of purchase located all over the nation.
Although CVC Capital Partners has substantial previous experience in the gambling industry, the private equity company has not had existence in the Italian gambling market so far. The organization is well known for previously purchasing major UK-based gambling operator William Hill. What is more, in March 2015, CVC Capital Partners acquired a big part stake an additional gambling that is UK-based Sky Betting & Gaming. Most recently, it had been announced that the equity that is private would also buy German operator Tipico.
Commenting in the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team revealed that they’re pleased about the opportunity to assist and spend in Sisal once the Italian business has long ago established itself as one of the market leaders in Italy and has now been offering diverse entertainment choices around the world.
Mr. Mazza further noted that Sisal is within an perfect place to secure development in different areas and they are searching ahead to support its team in consolidating the company’s ‘leadership within the payments room,’ to continue developing its online gambling platform, also to innovate its retail business.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan team has completed ‘a great acquisition.’ The executive further noted that their company has become in a time period of development and it has been enjoying results that are excellent some time now. Mr. Petrone included that with CVC Capital Partners as its new owner, Sisal should be able to exploit its potential up to a extent that is full hence becoming more competitive and more powerful.
INTRALOT Extends Partnership with Pacific On The Web System Corporation
Operator and provider of solutions for the worldwide gambling industry INTRALOT announced it has extended its existing partnership with Pacific on line System Corporation, a general public company operating the Philippines Charity Sweepstakes workplace games. The agreement that is new legitimate through August 31, 2018.
This has been the 5th extension associated with existing agreement between the 2 events considering that the establishment of their partnership back in 2006.
Beneath the regards to the newly finalized contract, INTRALOT would carry on supplying its LOTOS on the web lottery system solution to the video gaming firm. In addition, the Greek supplier would additionally provide significantly more than 1,200 lottery terminals and would link 800 more primary units over the points-of-sales network managed by Pacific Online Systems Corp.
Commenting regarding the latest announcement, Willy Ocier, President of this video gaming business, said that the agreement extension’s absolute goal is for the two organizations to build regarding the established strong foundations also to offer merchants across the Philippines with the possibility to make use of revolutionary video gaming technology that could assist them improve lottery sales.
Mr. Ocier further noted that INTRALOT happens to be a partner that is valuable Pacific Online Systems Corp.’s endeavor to modernize the Philippine lottery landscape and thanks to the Greek business’s worldwide experience, they’ve manged to further expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they are acutely excited by the opportunity to embark on this type of long-term partnership with Pacific on line Systems Corp. The official also remarked that they have been looking forward to supporting their partners within their endeavor to provide innovative and gaming that is proven, to optimize client experience, also to boost product sales.
Last week, INTRALOT announced its growth that is new strategy. The organization stated it aims at securing sustainable EBITDA enhance, solid cash flow, and quick reduced total of net financial obligation through strategic deals therefore the introduction of novel products.
Recently, the Greek business completed the merger of its Italian operations with those of other video gaming company Gamenet. INTRALOT now holds a 20% stake into the entity that is combined. The organization has also announced that it would buy a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards across the country.