CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners announced it has further delved to the world of gambling through another strategic purchase. 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 started in 1946 and it has subsequently been providing gambling that is numerous and re payment solutions for gambling customers. Additionally it is interesting to note that the Milan-based business has get to be the to begin its type to run in Italy as being a Government Licensee. Sisal currently manages significantly more than 45,000 points of sale found 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 investing in major gambling that is UK-based William Hill. What is more, in March 2015, CVC Capital Partners acquired a big part stake in another gambling that is UK-based Sky Betting & Gaming. Lately, it was announced that the equity that is private would additionally buy German operator Tipico.

Commenting in the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team pointed out that they are satisfied with the chance to assist and spend in Sisal because the Italian company has long ago founded itself as one of the market leaders in Italy and has been providing diverse activity choices in the united states.

Mr. Mazza further noted that Sisal is in a perfect place to secure development in various areas and that they are searching ahead to support its team in consolidating the organization’s ‘leadership within the payments room,’ to keep developing its on line gambling platform, also to innovate its retail business.

Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan team has completed ‘a great purchase.’ The executive further noted that his company happens to be in a time period of development and has now been enjoying results that are excellent a while 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 degree, hence becoming more competitive and stronger.

INTRALOT Extends Partnership with Pacific On The Web 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 company running the Philippines Charity Sweepstakes Office games. The brand new agreement is valid through August 31, 2018.

It has been the fifth expansion associated with contract that is existing the two events considering that the establishment of these partnership back in 2006.

Under the terms of the newly signed contract, INTRALOT would carry on supplying its LOTOS on the web lottery system way to the gaming company. In addition, the Greek supplier would additionally offer a lot more than 1,200 lottery terminals and would link 800 more main devices over the points-of-sales network handled by Pacific on the web Systems Corp.

Commenting in the latest announcement, Willy Ocier, President associated with the gaming firm, said that the contract extension’s main goal is for the two organizations to build on the established strong fundamentals and to provide stores throughout the Philippines using the opportunity to make use of innovative video gaming technology that will assist them boost lottery product sales.

Mr. Ocier further noted that INTRALOT has long been a partner that is valuable Pacific on line Systems Corp.’s seek to modernize the Philippine lottery landscape and as a result of the Greek organization’s international experience, they have manged to further expand their operations.

Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted that they’re exceptionally excited by the opportunity to set about this kind of long-term partnership with Pacific Online Systems Corp. The state also pointed out that they’re anticipating supporting their lovers in their endeavor to provide innovative and gaming that is proven, to optimize customer experience, and also to boost sales.

A week ago, INTRALOT announced its new development strategy. The company said that it is aimed at securing sustainable EBITDA increase, solid cashflow, and fast reduced total of net financial obligation through strategic transactions and also the introduction of novel products.

Recently, the Greek company finished the merger of its Italian operations with those of fellow video gaming business Gamenet. INTRALOT now holds a 20% stake into the entity that is combined. The company has additionally established it would obtain a 49% share in Eurobet Bulgaria, the primary provider of lottery and scratchcards around the world.

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