CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners announced that it has further delved into the world of gambling through another strategic acquisition. 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 established in 1946 and it has subsequently been supplying many gambling choices and payment solutions for gambling clients. Additionally it is interesting to notice that the company that is milan-based become the first of its sort to run in Italy as a Government Licensee. Sisal currently manages more than 45,000 points of sale 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 famous for previously buying major UK-based gambling operator William Hill. What is more, in March 2015, CVC Capital Partners acquired a majority stake an additional UK-based gambling company Sky Betting & Gaming. Of late, it had been established that the private equity company would additionally purchase German operator Tipico.

Commenting on the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group described 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 growth in different areas and that they searching for ahead to support its group in consolidating the organization’s ‘leadership in the re payments room,’ to keep developing its on line gambling platform, and 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 his company is now in a time period of development and it has been enjoying results that are excellent time now. Mr. Petrone added that with CVC Capital Partners as its new owner, Sisal should be able to exploit its potential to a complete extent, 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 so it has extended its existing partnership with Pacific on line System Corporation, a public business operating the Philippines Charity Sweepstakes workplace games. The agreement that is new legitimate through August 31, 2018.

This has been the fifth expansion for the contract that is existing the two events because the establishment of their partnership back 2006.

Beneath the regards to the newly signed agreement, INTRALOT would keep on providing its LOTOS on the web lottery system means to fix the video gaming business. In addition, the Greek supplier would also offer a lot more than 1,200 lottery terminals and would link 800 more primary units over the points-of-sales network handled by Pacific on line Systems Corp.

Commenting on the announcement that is latest, Willy Ocier, President of this video gaming company, stated that the agreement expansion’s main goal is for the 2 organizations to build regarding the founded strong fundamentals and also to offer merchants across the Philippines utilizing the chance to take advantage of innovative video gaming technology that could assist them improve lottery sales.

Mr. Ocier further noted that INTRALOT is without question a valuable partner in Pacific on the web Systems Corp.’s seek to modernize the Philippine lottery landscape and because of the Greek organization’s worldwide experience, they have manged to help expand their operations.

Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they’re exceedingly excited by the chance to set about this type of partnership that is long-term Pacific on the web Systems Corp. The state also remarked that they truly are getting excited about supporting their partners inside their endeavor to provide revolutionary and gaming that is proven, to optimize consumer experience, also to improve sales.

A week ago, INTRALOT announced its growth that is new strategy. The organization stated so it aims at securing sustainable EBITDA enhance, solid cashflow, and quick reduction of net financial obligation through strategic deals as well as the introduction of novel services.

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 in the entity that is combined. The business has additionally established it would obtain a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards around the world.

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