CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced that it has further delved into 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 total amount of €1 billion.
Sisal ended up being created in 1946 and contains since that time been providing numerous gambling choices and payment solutions for gambling customers. It’s also interesting to see 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 situated all around the country.
Although CVC Capital Partners has substantial past expertise in the gambling industry, the personal equity firm have not had existence in the Italian gambling market thus far. The business is famous for previously buying major gambling that is UK-based 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. Lately, it was announced that the equity that is private would additionally purchase German operator Tipico.
Commenting in the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team described that they’re satisfied with the opportunity to assist and spend in Sisal as the Italian company has way back when founded itself among the market leaders in Italy and has been offering diverse entertainment choices across the country.
Mr. Mazza further noted that Sisal is in a position that is ideal secure development in various areas and they are looking ahead to aid its group in consolidating the organization’s ‘leadership within the re payments space,’ to carry on developing its online gambling platform, and 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 their business happens to be in a time period of development and it has been enjoying results that are excellent time now. Mr. Petrone added that with CVC Capital Partners as its brand 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 On The Web System Corporation
Operator and provider of solutions for the international gambling industry INTRALOT announced so it has extended its existing partnership with Pacific Online System Corporation, a public company running the Philippines Charity Sweepstakes workplace games. The new contract is valid through August 31, 2018.
This has been the 5th extension regarding the contract that is existing the two parties considering that the establishment of their partnership back 2006.
Underneath the regards to the newly signed contract, INTRALOT would keep on providing its LOTOS on line lottery system means to fix the gaming corporation. In addition, the Greek supplier would also offer significantly more than 1,200 lottery terminals and would connect 800 more primary units over the points-of-sales network handled by Pacific on the web Systems Corp.
Commenting on the announcement that is latest, Willy Ocier, President for the video gaming corporation, said that the agreement extension’s main goal is for the 2 companies to build on the founded strong foundations also to offer merchants throughout the Philippines using the opportunity to make use of revolutionary gaming technology that would help them improve lottery sales.
Mr. Ocier further noted that INTRALOT is definitely a valuable partner in Pacific on line Systems Corp.’s endeavor to modernize the Philippine lottery landscape and thanks to the Greek business’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 chance to set about such a partnership that is long-term Pacific Online Systems Corp. The state also pointed out that they truly are anticipating supporting their lovers inside their seek to provide revolutionary and gaming that is proven, to optimize client experience, and to boost sales.
Last week, INTRALOT announced its new growth strategy. The business stated it aims at securing sustainable EBITDA increase, solid cash flow, and quick reduction of net debt through strategic transactions while the introduction of novel services and products.
Recently, the Greek business finished the merger of its Italian operations with those of other 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 main provider of lottery and scratchcards in the united states.