CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced so it has further delved to 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 re payment solutions Sisal Group S.p.A. for the total amount of €1 billion.
Sisal was created in 1946 and contains ever since then been supplying gambling that is numerous and re payment solutions for gambling clients. It is also interesting to note that the Milan-based company has get to be the to begin its type to run in Italy being a Government Licensee. Sisal currently manages more than 45,000 points of sale located 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 company is famous for formerly investing in major UK-based gambling operator William Hill. What is more, in March 2015, CVC Capital Partners acquired a big part stake an additional UK-based gambling company Sky Betting & Gaming. Most recently, it had been established that the private equity company would also buy German operator Tipico.
Commenting regarding the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team pointed out 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 perfect position to secure growth in numerous areas and they searching for ahead to guide its team in consolidating the organization’s ‘leadership within the re payments room,’ to keep developing its on line gambling platform, and also to innovate its retail business.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan group has completed ‘a great acquisition.’ The executive further noted that their company happens to be in a period of development and it has been enjoying results that are excellent time now. Mr. Petrone included that with CVC Capital Partners as its brand new owner, Sisal will be able to exploit its potential to a full extent, thus becoming more competitive and more powerful.
INTRALOT Extends Partnership with Pacific Online System Corporation
Operator and provider of solutions for the international gambling industry INTRALOT announced so it has extended its existing partnership with Pacific on the web System Corporation, a public business operating the Philippines Charity Sweepstakes Office games. The brand new contract is valid through August 31, 2018.
This has been the fifth expansion associated with the contract that is existing the two parties considering that the establishment of the partnership back 2006.
Beneath the terms of the newly signed agreement, INTRALOT would continue providing its LOTOS on the web lottery system means to fix the video gaming business. In addition, the Greek supplier would additionally provide significantly more than 1,200 lottery terminals and would link 800 more primary devices across the network that is points-of-sales by Pacific on line Systems Corp.
Commenting in the announcement that is latest, Willy Ocier, President for the video gaming company, said that the agreement expansion’s absolute goal is for the two organizations to build on the founded strong fundamentals and also to offer merchants throughout the Philippines aided by the possibility to make the most of innovative gaming technology that would help them improve lottery sales.
Mr. Ocier further noted that INTRALOT happens to be a valuable partner in Pacific Online Systems Corp.’s try to modernize the Philippine lottery landscape and because of the Greek organization’s global experience, they will have manged to help expand their operations.
Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted they are exceedingly excited by the opportunity to set about such a long-lasting partnership with Pacific on line Systems Corp. The official also pointed out that they are looking forward to supporting their partners inside their seek to offer innovative and proven gaming solutions, to optimize consumer experience, also to boost product sales.
A week ago, INTRALOT announced its growth that is new strategy. The organization said that it aims at securing sustainable EBITDA enhance, solid cashflow, and quick reduced total of web financial obligation through strategic deals as well as the introduction of novel products.
Recently, the Greek business completed the merger of its Italian operations with those of other gaming business Gamenet. INTRALOT now holds a 20% stake in the entity that is combined. The company in addition has announced it would obtain a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards around the world.