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 ended up being created in 1946 and contains subsequently been supplying gambling that is numerous and payment solutions for gambling clients. It is also interesting to notice that the company that is milan-based end up being the to begin its sort to run in Italy as a Government Licensee. Sisal presently manages significantly more than 45,000 points of sale positioned throughout the nation.

Although CVC Capital Partners has substantial previous expertise in the gambling industry, the private equity company has not had existence into the Italian gambling market to date. The organization is famous for formerly buying major UK-based gambling operator William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a majority stake in another gambling that is UK-based Sky Betting & Gaming. Lately, it absolutely was established that the equity that is private would additionally buy German operator Tipico.

Commenting regarding the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group 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 development in different areas and that they are looking forward to guide its group in consolidating the organization’s ‘leadership in the re payments room,’ to keep developing its on line 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 their company has become in a period of development and has been enjoying excellent results for time now. Mr. Petrone included that with CVC Capital Partners as its brand new owner, Sisal will be able to exploit its potential up to a extent that is full hence 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 so it has extended its existing partnership with Pacific on the web System Corporation, a general public company running the Philippines Charity Sweepstakes Office games. The brand new agreement is valid through August 31, 2018.

It has been the fifth extension of the current agreement between the 2 parties since the establishment of these partnership back in 2006.

Beneath the terms of the newly finalized agreement, INTRALOT would continue supplying its LOTOS on line lottery system solution to the video gaming organization. In addition, the Greek provider would also offer a lot more than 1,200 lottery terminals and would link 800 more main units across the network that is points-of-sales by Pacific on the web Systems Corp.

Commenting on the announcement that is latest, Willy Ocier, President associated with video gaming corporation, said that the agreement expansion’s main goal is for the two organizations to build in the founded strong fundamentals and also to offer merchants throughout the Philippines because of the opportunity to make use of revolutionary video gaming technology that will help them improve lottery sales.

Mr. Ocier further noted that INTRALOT happens to be a valuable partner in Pacific Online Systems Corp.’s seek to modernize the Philippine lottery landscape and because of the Greek organization’s worldwide experience, they have manged to help expand their operations.

Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they’re acutely excited by the chance to attempt this type of long-lasting partnership with Pacific on the web Systems Corp. The official also noticed that they are looking towards supporting their partners inside their endeavor to provide revolutionary and gaming that is proven, to optimize customer experience, also to improve product sales.

The other day, INTRALOT announced its new growth strategy. The business said so it is aimed at securing sustainable EBITDA increase, solid income, and quick reduction of web financial obligation through strategic deals while the introduction of novel services and products.

Recently, the Greek company completed the merger of its operations that are italian those of other gaming business Gamenet. INTRALOT now holds a 20% stake into the entity that is combined. The business has also announced it would obtain a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards in the united states.