CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners announced so it has further delved into the world of gambling through another acquisition that is strategic. The equity that is private revealed the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the quantity of €1 billion.

Sisal had been created in 1946 and has subsequently been supplying gambling that is numerous and payment solutions for gambling clients. It is also interesting to note that the Milan-based business has get to be the first of its kind to operate in Italy as being a Government Licensee. Sisal currently manages significantly more than 45,000 points of purchase located all around the country.

Although CVC Capital Partners has substantial past expertise in the gambling industry, the private equity company have not had presence in the Italian gambling market to date. The organization is well known for formerly investing in major UK-based gambling operator William Hill. What’s more, in March 2015, CVC Capital Partners acquired a big part stake in another UK-based gambling company Sky Betting & Gaming. Most recently, it absolutely was announced that the private equity company would also buy German operator Tipico.

Commenting regarding the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group revealed 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 perfect position to secure development in various areas and they are looking ahead to aid its group in consolidating the company’s ‘leadership into the re payments area,’ to carry on developing its on line gambling platform, also 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 happens to be in a time period of growth and contains been enjoying results that are excellent time now. Mr. Petrone included that with CVC Capital Partners as its 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 On Line 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 operating the Philippines Charity Sweepstakes workplace games. The agreement that is new legitimate through August 31, 2018.

This has been the fifth extension for the contract that is existing the two events since the establishment of their partnership back 2006.

Under the regards to the newly finalized agreement, INTRALOT would carry on supplying its LOTOS on line lottery system solution to the video gaming company. In addition, the Greek supplier would also offer more than 1,200 lottery terminals and would link 800 more primary devices over the points-of-sales network handled by Pacific Online Systems Corp.

Commenting on the latest statement, Willy Ocier, President associated with the video gaming company, said that the contract expansion’s main goal is for the 2 organizations to build on the established strong fundamentals and also to offer merchants throughout the Philippines aided by the chance to make use of revolutionary gaming technology that could assist them boost lottery product sales.

Mr. Ocier further noted that INTRALOT is without question a partner that is valuable Pacific Online Systems Corp.’s seek to modernize the Philippine lottery landscape and because of the Greek organization’s worldwide experience, they will have manged to help expand their operations.

Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they are excessively excited by the chance to set about such a long-term partnership with Pacific on line Systems Corp. The state also remarked that they are looking forward to supporting their lovers within their seek to offer revolutionary and gaming that is proven, to optimize consumer experience, also to boost sales.

A week ago, INTRALOT announced its growth that is new strategy. The company stated that it aims at securing sustainable EBITDA enhance, solid cashflow, and fast reduced total of web financial obligation through strategic deals plus the introduction of novel products and services.

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