CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners announced it has further delved into 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 was created in 1946 and has since then been supplying gambling that is numerous 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 type to run in Italy being a Government Licensee. Sisal currently manages a lot more than 45,000 points of sale situated all around the nation.

Although CVC Capital Partners has substantial previous experience in the gambling industry, the private equity company have not had presence in the Italian gambling market to date. The company is well known for previously investing in major UK-based gambling operator William Hill. What’s more, in March 2015, CVC Capital Partners acquired a majority stake an additional gambling that is UK-based Sky Betting & Gaming. Lately, it was announced that the equity that is private would also buy German operator Tipico.

Commenting in 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 various areas and that they are looking ahead to aid its group in consolidating the organization’s ‘leadership within the 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 group has completed ‘a great acquisition.’ The executive further noted that their business has become in a period of development and has now been enjoying excellent results for a while now. Mr. Petrone added that with CVC Capital Partners as its brand new owner, Sisal will be able to exploit its potential to a full level, 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 public business running the Philippines Charity Sweepstakes workplace games. The agreement that is new valid through August 31, 2018.

This has been the fifth expansion of the contract that is existing the two events since the establishment of these partnership back 2006.

Underneath the terms of the newly signed agreement, INTRALOT would keep on supplying its LOTOS online lottery system solution to the video gaming corporation. In addition, the Greek provider would also offer a lot more than 1,200 lottery terminals and would connect 800 more primary units throughout the points-of-sales network managed by Pacific on line Systems Corp.

Commenting in the latest announcement, Willy Ocier, President of this video gaming business, stated that the contract expansion’s definitive goal is for the two companies to build regarding the established strong foundations and also to offer merchants throughout the Philippines utilizing the chance to make the most of innovative video gaming technology that could help them boost lottery sales.

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

Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they are excessively excited by the opportunity to set about such a long-lasting partnership with Pacific Online Systems Corp. The state also pointed out that they truly are looking forward to supporting their partners in their seek to provide innovative and proven video gaming solutions, to optimize customer experience, also to improve sales.

A week ago, INTRALOT announced its growth that is new strategy. The company stated so it aims at securing sustainable EBITDA enhance, solid income, and quick reduced total of net debt through strategic deals and also the introduction of novel products and services.

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