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 in 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 amount of €1 billion.

Sisal had been started in 1946 and has now ever since then been providing gambling that is numerous and payment solutions for gambling clients. Additionally it is interesting to note that the Milan-based business has end up being the first of its sort to run in Italy being a Government Licensee. Sisal presently manages significantly more than 45,000 points of purchase found all over 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 business is known for previously investing in 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. Lately, it was announced that the equity that is private would also purchase German operator Tipico.

Commenting regarding the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team pointed out that they are satisfied with the chance to use and invest in Sisal once the Italian business has long ago founded itself among the market leaders in Italy and has been offering diverse entertainment options around the world.

Mr. Mazza further noted that Sisal is within an ideal place to secure development in various areas and they are looking forward to aid its team in consolidating the company’s ‘leadership into the re payments room,’ to continue developing its on line gambling platform, and also to innovate its retail business.

Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan team has completed ‘a great acquisition.’ The executive further noted that their company is now in a period of development and contains 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 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 worldwide gambling industry 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 agreement that is new legitimate through August 31, 2018.

This has been the 5th expansion of this contract that is existing the 2 events since the establishment of their partnership back 2006.

Beneath the regards to the newly signed agreement, INTRALOT would carry on supplying its LOTOS online lottery system treatment for the gaming business. In addition, the Greek supplier would also offer a lot more than 1,200 lottery terminals and would link 800 more primary units over the points-of-sales network handled by Pacific on line Systems Corp.

Commenting in the announcement that is latest, Willy Ocier, President regarding the gaming business, said that the contract expansion’s main goal is for the 2 organizations to build in the founded strong fundamentals and to provide stores throughout the Philippines because of the opportunity to make use of revolutionary gaming technology that could assist them improve lottery product sales.

Mr. Ocier further noted that INTRALOT is without question a valuable partner in Pacific on the web Systems Corp.’s try to modernize the Philippine lottery landscape and thanks to the Greek organization’s international experience, they will have manged to help expand their operations.

Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they’re extremely excited by the chance to attempt this kind of long-lasting partnership with Pacific Online Systems Corp. The official also remarked that they’ve been looking towards supporting their partners in their endeavor to provide revolutionary and gaming that is proven, to optimize customer experience, and also to improve product sales.

A week ago, INTRALOT announced its growth that is new strategy. The company stated so it aims at securing sustainable EBITDA increase, solid income, and quick reduced total of web financial obligation through strategic deals and also the introduction of novel services.

Recently, the Greek business completed the merger of its operations that are italian those of other gaming company Gamenet. INTRALOT now holds a 20% stake into the combined entity. The organization has also established so it would purchase a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards across the country.

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