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 equity that is private revealed the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the amount of €1 billion.
Sisal was established in 1946 and it has subsequently been providing gambling that is numerous and re payment solutions for gambling clients. It is also interesting to notice that the Milan-based company has end up being the first of its sort to operate in Italy being a Government Licensee. Sisal currently manages a lot more than 45,000 points of sale positioned throughout the nation.
Although CVC Capital Partners has substantial previous experience in the gambling industry, the personal equity firm has not had existence in the Italian gambling market to date. The organization 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 gambling that is UK-based Sky Betting & Gaming. Of late, it was established that the equity that is private would also purchase German operator Tipico.
Commenting regarding the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team pointed out that they’re pleased with the chance to work with and spend in Sisal because the Italian business has way back when established 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 an position that is ideal secure growth in various areas and that they are searching forward to guide its group in consolidating the company’s ‘leadership into the payments room,’ to carry on developing its online gambling platform, and 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 is currently in a time period of growth and it has been enjoying excellent results for 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 extent that is full thus becoming more competitive and more powerful.
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 Online System Corporation, a general public company operating the Philippines Charity Sweepstakes Office games. The new contract is legitimate through August 31, 2018.
This has been the 5th extension regarding the contract that is existing the 2 parties since the establishment of the partnership back in 2006.
Beneath the regards to the newly signed contract, INTRALOT would continue providing its LOTOS on the web lottery system solution to the gaming business. In addition, the Greek supplier would additionally provide significantly more than 1,200 lottery terminals and would link 800 more primary units over the points-of-sales network handled by Pacific on the web Systems Corp.
Commenting regarding the latest statement, Willy Ocier, President regarding the video gaming business, stated that the contract extension’s main goal is for the two companies to build regarding the established strong fundamentals and to provide merchants throughout the Philippines using the opportunity to make use of revolutionary gaming technology that could assist them improve lottery sales.
Mr. Ocier further noted that INTRALOT happens to be a valuable partner in Pacific on the web Systems Corp.’s endeavor to modernize the Philippine lottery landscape and thanks to the Greek business’s worldwide experience, they have manged to help expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they’re exceptionally excited by the opportunity to set about such a partnership that is long-term Pacific on the web Systems Corp. The official also noticed that they’re looking towards supporting their partners within their try to provide innovative and gaming that is proven, to optimize customer experience, and also to boost sales.
Last week, INTRALOT announced its new development strategy. The business said that it is aimed at securing sustainable EBITDA enhance, solid cash flow, and quick reduction of net financial obligation through strategic transactions plus the introduction of novel products.
Recently, the Greek company finished the merger of its operations that are italian those of other gaming business Gamenet. INTRALOT now holds a 20% stake in the entity that is combined. The organization has additionally established that it would purchase a 49% share in Eurobet Bulgaria, the main provider of lottery and scratchcards across the country.