CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved into the world of gambling through another acquisition that is strategic. The equity that is private unveiled the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the quantity of €1 billion.
Sisal was started in 1946 and it has ever since then been supplying gambling that is numerous and payment solutions for gambling clients. It is also interesting to note that the Milan-based company has get to be the to begin its sort to operate in Italy as a Government Licensee. Sisal presently manages significantly more than 45,000 points of purchase located throughout the country.
Although CVC Capital Partners has substantial previous experience in the gambling industry, the personal equity firm have not had existence into the Italian gambling market so far. The company is famous for previously investing in major UK-based gambling operator William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a big part stake in another gambling that is UK-based Sky Betting & Gaming. Of late, it had been announced that the equity that is private would additionally purchase German operator Tipico.
Commenting in 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 in an perfect position to secure development in numerous areas and they searching for ahead to guide its team in consolidating the company’s ‘leadership in the payments space,’ to carry on developing its online gambling platform, also to innovate its retail company.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan team has completed ‘a great purchase.’ The executive further noted that their business is currently in a period of development and contains been enjoying positive results for some time now. Mr. Petrone added that with CVC Capital Partners as its brand new owner, Sisal should be able to exploit its potential to a full degree, hence becoming more competitive and more powerful.
INTRALOT Extends Partnership with Pacific On Line System Corporation
Operator and provider of solutions for the worldwide gambling industry INTRALOT announced so it has extended its existing partnership with Pacific on line System Corporation, a public business operating the Philippines Charity Sweepstakes workplace games. The brand new contract is valid through August 31, 2018.
This has been the fifth expansion associated with contract that is existing the 2 parties since the establishment of their partnership back 2006.
Underneath the terms of the newly finalized contract, INTRALOT would keep on providing its LOTOS on the web lottery system means to fix the gaming company. In addition, the Greek provider would additionally offer significantly more than 1,200 lottery terminals and would connect 800 more main devices throughout the points-of-sales network handled by Pacific Online Systems Corp.
Commenting regarding the latest announcement, Willy Ocier, President of this gaming company, said that the contract expansion’s absolute goal is for the two organizations to build in the founded strong fundamentals and to provide retailers throughout the Philippines because of the possibility to benefit from revolutionary video gaming technology that could assist them boost lottery sales.
Mr. Ocier further noted that INTRALOT is definitely a valuable partner in Pacific Online Systems Corp.’s try to modernize the Philippine lottery landscape and thanks to the Greek company’s international experience, they will have manged to further expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted they are exceptionally excited by the opportunity to embark on this kind of long-lasting partnership with Pacific on line Systems Corp. The official also pointed out that they have been looking forward to supporting their lovers inside their seek to offer revolutionary and proven gaming solutions, to optimize client experience, also to boost sales.
The other day, INTRALOT announced its growth that is new strategy. The company stated that it aims at securing sustainable EBITDA increase, solid cashflow, and quick reduction of web debt through strategic transactions plus the introduction of novel services and products.
Recently, the Greek business finished the merger of its operations that are italian those of other gaming company Gamenet. INTRALOT now holds a 20% stake in the mixed entity. The business in addition has announced it would obtain a 49% share in Eurobet Bulgaria, the primary provider of lottery and scratchcards across the country.