CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced so it has further delved to the world of gambling through another acquisition that is strategic. The personal equity firm revealed the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the quantity of €1 billion.
Sisal ended up being started in 1946 and it has since that time been supplying many gambling options and re payment solutions for gambling customers. It is also interesting to note that the company that is milan-based become the first of its kind to run in Italy as being a Government Licensee. Sisal presently manages a lot more than 45,000 points of purchase situated all around the country.
Although CVC Capital Partners has substantial previous experience in the gambling industry, the personal equity firm has not had presence into the Italian gambling market up to now. The organization is well known for formerly 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. Most recently, it was established that the personal equity firm would also purchase German operator Tipico.
Commenting regarding the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team pointed out 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 position that is ideal secure growth in numerous areas and that they are searching ahead to aid its group in consolidating the company’s ‘leadership in the payments room,’ to keep developing its online gambling platform, and also to innovate its retail company.
Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan group has completed ‘a great purchase.’ The executive further noted that his business has become in a time period of growth and contains been enjoying results that are excellent a while 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 therefore becoming more competitive and more powerful.
INTRALOT Extends Partnership with Pacific Online System Corporation
Operator and provider of solutions for the international gambling industry INTRALOT announced that it has extended its existing partnership with Pacific on line System Corporation, a public company operating the Philippines Charity Sweepstakes Office games. The agreement that is new valid through August 31, 2018.
It has been the 5th expansion associated with the existing agreement between the 2 parties considering that the establishment of their partnership back in 2006.
Beneath the regards to the newly finalized contract, INTRALOT would continue supplying its LOTOS online lottery system solution to the video gaming organization. In addition, the Greek provider would also offer more than 1,200 lottery terminals and would link 800 more main devices across the points-of-sales network managed by Pacific on line Systems Corp.
Commenting regarding the announcement that is latest, Willy Ocier, President associated with video gaming company, said that the contract expansion’s absolute goal is for the two businesses to build on the founded strong fundamentals also to provide merchants across the Philippines aided by the possibility to make the most of innovative gaming technology that will assist them boost lottery product sales.
Mr. Ocier further noted that INTRALOT has long been a valuable partner in Pacific Online Systems Corp.’s try to modernize the Philippine lottery landscape and because of the Greek company’s worldwide experience, they will have manged to help expand their operations.
Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted they are incredibly excited by the chance to set about such a long-term partnership with Pacific on line Systems Corp. The state also pointed out that they are getting excited about supporting their partners in their endeavor to offer innovative and gaming that is proven, to optimize client experience, also to boost sales.
A week ago, INTRALOT announced its growth that is new strategy. The organization said so it is aimed at securing sustainable EBITDA increase, solid cash flow, and quick reduction of net financial obligation through strategic deals and also the introduction of novel services.
Recently, the Greek company finished the merger of its Italian operations with those of other video gaming company Gamenet. INTRALOT now holds a 20% stake in the blended entity. The company has also announced that it would buy a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards across the country.