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 to 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 total amount of €1 billion.

Sisal had been established in 1946 and has now subsequently been providing many gambling options and re payment solutions for gambling clients. Additionally it is interesting to see that the company that is milan-based end up being the to begin its kind to operate in Italy as being a Government Licensee. Sisal currently manages a lot more than 45,000 points of sale 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 into the Italian gambling market up to now. The company is famous for previously buying major gambling that is UK-based William Hill. What is more, in March 2015, CVC Capital Partners acquired a majority stake in another gambling that is UK-based Sky Betting & Gaming. Of late, it had been announced that the private equity company would additionally buy German operator Tipico.

Commenting regarding 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 numerous areas and that they are searching ahead to aid its group in consolidating the organization’s ‘leadership into the re payments room,’ to carry on developing its online gambling platform, and also to innovate its retail company.

Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan group has completed ‘a great purchase.’ The executive further noted that their business is currently 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 should be able to exploit its potential to a full extent, therefore becoming more competitive and stronger.

INTRALOT Extends Partnership with Pacific On The Web System Corporation

Operator and provider of solutions for the international gambling industry INTRALOT announced that it has extended its existing partnership with Pacific Online System Corporation, a general public business operating the Philippines Charity Sweepstakes workplace games. The agreement that is new valid through August 31, 2018.

It has been the 5th expansion associated with current contract between the 2 events since the establishment of their partnership back 2006.

Underneath the regards to the newly signed contract, INTRALOT would keep on providing its LOTOS online lottery system way to the gaming business. In addition, the Greek supplier would additionally provide more than 1,200 lottery terminals and would link 800 more primary devices throughout the network that is points-of-sales by Pacific on the web Systems Corp.

Commenting on the latest announcement, Willy Ocier, President for the video gaming company, said that the contract extension’s absolute goal is for the two companies to build in the founded strong fundamentals also to offer stores throughout the Philippines utilizing the possibility to take advantage of innovative video gaming technology that could help them boost lottery sales.

Mr. Ocier further noted that INTRALOT is without question a valuable partner in Pacific on line Systems Corp.’s try to modernize the Philippine lottery landscape and as a result of the Greek organization’s global experience, they’ve manged to help expand their operations.

Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted they are extremely excited by the opportunity to attempt this kind of long-term partnership with Pacific on the web Systems Corp. The state also noticed that they truly are looking towards supporting their lovers inside their endeavor to offer revolutionary and gaming that is proven, to optimize client experience, also to boost sales.

The other day, INTRALOT announced its new growth strategy. The business stated it is aimed at securing sustainable EBITDA increase, solid cashflow, and quick reduced total of web financial obligation through strategic transactions as well as the introduction of novel services.

Recently, the Greek company finished the merger of its Italian operations with those of fellow gaming company Gamenet. INTRALOT now holds a 20% stake in the mixed entity. The business has also established so it would buy a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards across the country.