CVC Capital Partners Acquires Sisal for €1 Billion

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 personal equity company unveiled the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the quantity of €1 billion.

Sisal had been founded in 1946 and has subsequently been providing gambling that is numerous and payment solutions for gambling customers. It’s also interesting to see that the company that is milan-based become the to begin its kind to operate in Italy as a Government Licensee. Sisal presently manages more than 45,000 points of purchase found throughout 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 business is well known for formerly investing in major gambling that is UK-based William Hill. What’s more, in March 2015, CVC Capital Partners acquired a majority stake in another gambling that is UK-based Sky Betting & Gaming. Lately, it absolutely was announced that the equity that is private would additionally purchase German operator Tipico.

Commenting regarding the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group pointed out that they’re happy with 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 activity options in the united states.

Mr. Mazza further noted that Sisal is in a position that is ideal secure growth in different areas and they are looking ahead to guide its group in consolidating the organization’s ‘leadership within the payments area,’ to continue developing its on line gambling platform, also 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 has become in a period of growth and it has been enjoying results that are excellent some time now. Mr. Petrone included that with CVC Capital Partners as its brand new owner, Sisal will be able to exploit its potential up to a extent that is full thus 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 that it has extended its existing partnership with Pacific on the web System Corporation, a public business running the Philippines Charity Sweepstakes Office games. The agreement that is new valid through August 31, 2018.

It has been the fifth expansion associated with the existing contract between the two events considering that the establishment of their partnership back 2006.

Beneath the regards to the newly signed contract, INTRALOT would carry on supplying its LOTOS on the web lottery system means to fix the video gaming corporation. In addition, the Greek supplier would also provide more than 1,200 lottery terminals and would connect 800 more primary devices over the points-of-sales network handled by Pacific on the web Systems Corp.

Commenting in the latest announcement, Willy Ocier, President of the video gaming corporation, said that the agreement expansion’s main goal is for the 2 organizations to build regarding the established strong fundamentals and also to offer retailers throughout the Philippines with all the opportunity to make use of revolutionary video gaming technology that could help them improve lottery sales.

Mr. Ocier further noted that INTRALOT has become a partner that is valuable Pacific Online Systems Corp.’s endeavor to modernize the Philippine lottery landscape and thanks to the Greek company’s international experience, they’ve manged to further expand their operations.

Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they are extremely excited by the opportunity to attempt this type of partnership that is long-term Pacific on the web Systems Corp. The state also remarked that they’re getting excited about supporting their partners in their endeavor to offer innovative and gaming that is proven, to optimize consumer experience, and also to boost sales.

Last week, INTRALOT announced its growth that is new strategy. The organization stated it aims at securing sustainable EBITDA increase, solid cash flow, and fast reduced total of web debt through strategic deals plus the introduction of novel 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 combined entity. The business in addition has announced it would buy a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards in the united states.