CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved in to the world of gambling through another strategic purchase. The personal equity company unveiled the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the total amount of €1 billion.
Sisal had been launched in 1946 and it has since that time been providing numerous gambling options and re payment solutions for gambling clients. It’s also interesting to see that the company that is milan-based become the to begin its kind to operate in Italy as being a Government Licensee. Sisal presently manages a lot more than 45,000 points of sale positioned throughout the nation.
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 known for previously purchasing major UK-based gambling operator William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a big part stake in another UK-based gambling company Sky Betting & Gaming. Most recently, it absolutely was established that the equity that is private would additionally purchase German operator Tipico.
Commenting in the latest statement, 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 in a perfect position to secure growth in different areas and they are looking ahead to aid its group in consolidating the company’s ‘leadership in the re payments room,’ to carry on developing its on line gambling platform, and 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 company is now in a time 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 new owner, Sisal should be able to exploit its potential to a extent that is full therefore becoming more competitive and stronger.
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 line System Corporation, a public business operating the Philippines Charity Sweepstakes Office games. The agreement that is new valid through August 31, 2018.
This has been the 5th expansion of the current agreement between the two events because the establishment of the partnership back 2006.
Beneath the terms of the newly finalized contract, INTRALOT would carry on supplying its LOTOS on line lottery system solution to the gaming organization. In addition, the Greek supplier would additionally offer a lot more than 1,200 lottery terminals and would connect 800 more primary units across the network that is points-of-sales by Pacific Online Systems Corp.
Commenting regarding the announcement that is latest, Willy Ocier, President associated with the video gaming corporation, stated that the agreement expansion’s absolute goal is for the 2 businesses to build in the established strong fundamentals also to provide retailers throughout the Philippines utilizing the possibility to take advantage of innovative video gaming technology that would help them boost lottery product sales.
Mr. Ocier further noted that INTRALOT is definitely a valuable partner in Pacific on the web Systems Corp.’s seek to modernize the Philippine lottery landscape and because of the Greek company’s global experience, they will have manged to further expand their operations.
Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted that they are exceedingly excited by the opportunity to embark on such a partnership that is long-term Pacific Online Systems Corp. The official also noticed that they are looking forward to supporting their lovers within their endeavor to provide revolutionary and proven video gaming solutions, to optimize consumer experience, and to boost product sales.
The other day, INTRALOT announced its new development strategy. The organization stated that it is aimed at securing sustainable EBITDA increase, solid cashflow, and quick reduction of net debt through strategic deals therefore the introduction of novel services.
Recently, the Greek company completed the merger of its Italian operations with those of other video gaming company Gamenet. INTRALOT now holds a 20% stake in the entity that is combined. The organization in addition has announced it would purchase a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards in the united states.