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 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 was founded in 1946 and has subsequently been supplying gambling that is numerous and payment solutions for gambling customers. Additionally it is interesting to notice that the Milan-based business has end up being the first of its sort to run in Italy as a Government Licensee. Sisal presently manages a lot more than 45,000 points of sale found throughout the country.
Although CVC Capital Partners has substantial past expertise in the gambling industry, the private equity company has not had presence in the Italian gambling market up to now. The company is known for previously purchasing major gambling that is UK-based William Hill. What is more, in March 2015, CVC Capital Partners acquired a big part stake an additional gambling that is UK-based Sky Betting & Gaming. Lately, it was established that the private equity firm would also purchase German operator Tipico.
Commenting on the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team revealed that they’re happy with the opportunity to utilize and invest in Sisal since the Italian business has long ago established itself among the market leaders in Italy and has now been providing diverse activity choices around the world.
Mr. Mazza further noted that Sisal is in a perfect place to secure development in various areas and they searching for forward to guide its team in consolidating the company’s ‘leadership in the re payments space,’ to continue developing its online gambling platform, also to innovate its retail business.
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 development and contains been enjoying very good results for some time now. Mr. Petrone included that with CVC Capital Partners as its new owner, Sisal should be able to exploit its potential up to a extent that is full 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 that it has extended its existing partnership with Pacific on the web System Corporation, a public business operating the Philippines Charity Sweepstakes workplace games. The brand new contract is legitimate through August 31, 2018.
This has been the 5th expansion of the current contract between the two events since the establishment of their partnership back in 2006.
Beneath the regards to the newly signed agreement, INTRALOT would keep on providing its LOTOS on the web lottery system solution to the gaming business. In addition, the Greek supplier would also offer more than 1,200 lottery terminals and would connect 800 more main devices across the network that is points-of-sales by Pacific Online Systems Corp.
Commenting regarding the announcement that is latest, Willy Ocier, President for the gaming business, stated that the contract extension’s main goal is for the two businesses to build on the founded strong foundations and also to provide stores across the Philippines with the possibility to benefit from innovative gaming technology that could help them improve lottery product sales.
Mr. Ocier further noted that INTRALOT has become a partner that is valuable Pacific on line Systems Corp.’s endeavor to modernize the Philippine lottery landscape and as a result of the Greek organization’s global experience, they’ve manged to further expand their operations.
Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted they are exceptionally excited by the chance to embark on such a long-lasting partnership with Pacific on the web Systems Corp. The official also noticed that they truly are looking forward to supporting their partners within their seek to offer innovative and proven gaming solutions, to optimize client experience, also to boost product sales.
The other day, INTRALOT announced its brand new development strategy. The organization said it is aimed at securing sustainable EBITDA enhance, solid cash flow, and quick reduced total of web debt through strategic deals while the introduction of novel services and products.
Recently, the Greek company completed the merger of its Italian operations with those of fellow video gaming business Gamenet. INTRALOT now holds a 20% stake in the combined entity. The organization in addition has established it would obtain a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards around the world.