CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners announced so 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 quantity of €1 billion.

Sisal was started in 1946 and has since then been providing gambling that is numerous and payment solutions for gambling customers. Additionally it is interesting to see that the company that is milan-based become the to begin its kind to run in Italy as being a Government Licensee. Sisal currently manages more than 45,000 points of purchase found throughout the nation.

Although CVC Capital Partners has substantial previous expertise in the gambling industry, the private equity company has not had presence into the Italian gambling market up to now. The company is well known for formerly buying major gambling that is UK-based William Hill. What is more, in March 2015, CVC Capital Partners acquired a majority stake an additional gambling that is UK-based Sky Betting & Gaming. Of late, it had been 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 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 within an position that is ideal secure growth in numerous areas and that they searching for ahead to support its group in consolidating the company’s ‘leadership within the payments area,’ to keep developing its on line gambling platform, also to innovate its retail company.

Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan team has completed ‘a great acquisition.’ The executive further noted that his business happens to be in a period of growth and contains been enjoying positive results for some time now. Mr. Petrone added that with CVC Capital Partners as its new owner, Sisal should be able to exploit its potential 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 gambling that is international INTRALOT announced it has extended its existing partnership with Pacific on line System Corporation, a public business running the Philippines Charity Sweepstakes workplace games. The brand new contract is legitimate through August 31, 2018.

It has been the fifth extension regarding the contract that is existing the 2 parties because the establishment of their partnership back 2006.

Beneath the regards to the newly finalized agreement, INTRALOT would keep on providing its LOTOS on the web lottery system way to the video gaming business. In addition, the Greek supplier would additionally offer significantly more than 1,200 lottery terminals and would link 800 more main units over the points-of-sales network managed by Pacific on the web Systems Corp.

Commenting regarding the latest announcement, Willy Ocier, President regarding the video gaming firm, said that the contract extension’s main goal is for the two organizations to build regarding the established strong fundamentals also to offer merchants throughout the Philippines because of the chance to benefit from revolutionary video gaming technology that will help them boost lottery product sales.

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

Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted that they’re exceedingly excited by the opportunity to set about this type of long-term partnership with Pacific on line Systems Corp. The state also noticed that they truly are getting excited about supporting their partners within their try to offer innovative and gaming that is proven, to optimize consumer experience, and to improve product sales.

Last week, INTRALOT announced its brand new growth strategy. The organization said so it aims at securing sustainable EBITDA increase, solid income, and fast reduction of net debt through strategic deals and the introduction of novel products and services.

Recently, the Greek company completed the merger of its Italian operations with those of other video gaming business Gamenet. INTRALOT now holds a 20% stake into the entity that is combined. The business in addition has announced it would purchase a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards around the world.

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  • January 6th, 2020
  • Ishmael Houston-Jones

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