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 to the world of gambling through another acquisition that is strategic. The private equity company 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 had been established in 1946 and it has since that time been providing many gambling options and payment solutions for gambling customers. It’s also interesting to see that the Milan-based company has become the first of its sort to operate in Italy being 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 previous expertise in the gambling industry, the personal equity company has not had presence in the Italian gambling market thus far. The business 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 majority stake in another UK-based gambling company Sky Betting & Gaming. Of late, it was established that the equity that is private would also buy German operator Tipico.

Commenting regarding the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team described that they’re happy with the opportunity to assist and spend in Sisal while the Italian company has way back when founded itself among the market leaders in Italy and it has been offering diverse entertainment choices across the country.

Mr. Mazza further noted that Sisal is within an position that is ideal secure growth in numerous areas and they are searching ahead to support its team in consolidating the company’s ‘leadership within the payments area,’ to keep developing its online gambling platform, and 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 company is currently in a time period of development and it has been enjoying results that are excellent some time now. Mr. Petrone included 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 Line System Corporation

Operator and provider of solutions for the gambling that is international 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 agreement that is new valid through August 31, 2018.

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

Underneath the regards to the newly signed agreement, INTRALOT would carry on providing its LOTOS on the web lottery system way to the video gaming organization. In addition, the Greek provider would additionally provide more than 1,200 lottery terminals and would link 800 more primary units throughout the points-of-sales network handled by Pacific Online Systems Corp.

Commenting regarding the latest announcement, Willy Ocier, President for the gaming corporation, stated that the agreement expansion’s definitive goal is for the two businesses to build on the founded strong foundations also to offer merchants across the Philippines using the opportunity to make the most of innovative video gaming technology that would assist them boost lottery sales.

Mr. Ocier further noted that INTRALOT has always been a valuable partner in Pacific on the web Systems Corp.’s seek to modernize the Philippine lottery landscape and as a result of the Greek business’s international experience, they will have manged to further expand their operations.

Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted that they’re excessively excited by the chance to set about this type of partnership that is long-term Pacific Online Systems Corp. The official also pointed out that they have been looking towards supporting their lovers within their endeavor to provide innovative and gaming that is proven, to optimize customer experience, and to improve product sales.

Last week, INTRALOT announced its brand new growth strategy. The business stated so it is aimed at securing sustainable EBITDA increase, solid income, and fast reduced total of web debt through strategic transactions plus the introduction of novel services and products.

Recently, the Greek company finished the merger of its Italian operations with those of fellow gaming company Gamenet. INTRALOT now holds a 20% stake into the entity that is combined. The company has also established so it would buy a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards across the country.

  • January 6th, 2020
  • Ishmael Houston-Jones

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