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 personal equity company revealed the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the total amount of €1 billion.

Sisal was created in 1946 and has now ever since then been supplying numerous gambling choices and re payment solutions for gambling clients. It is also interesting to notice that the Milan-based company has end up being the first of its sort to operate in Italy as being a Government Licensee. Sisal currently manages significantly more than 45,000 points of purchase found all over the country.

Although CVC Capital Partners has substantial previous expertise in the gambling industry, the personal equity firm have not had existence in the Italian gambling market thus far. The business is famous for formerly purchasing major UK-based gambling operator William Hill. What is more, in March 2015, CVC Capital Partners acquired a big part stake in another gambling that is UK-based Sky Betting & Gaming. Lately, it was established that the equity that is private would additionally 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 in a position that is ideal secure growth in different areas and they are looking forward to aid its team in consolidating the organization’s ‘leadership within the re payments area,’ to keep developing its online gambling platform, also 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 his company happens to be in a time period of development and contains been enjoying very good results for time now. Mr. Petrone included that with CVC Capital Partners as its brand new owner, Sisal should 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 worldwide gambling industry INTRALOT announced so it has extended its existing partnership with Pacific Online System Corporation, a general public business running the Philippines Charity Sweepstakes Office games. The agreement that is new legitimate through August 31, 2018.

This has been the 5th extension for the contract that is existing the 2 events since the establishment of these partnership back in 2006.

Under the terms of the newly signed contract, INTRALOT would keep on providing its LOTOS on line lottery system solution to the video gaming business. In addition, the Greek provider would additionally provide significantly more than 1,200 lottery terminals and would link 800 more primary units over the points-of-sales network managed by Pacific on line Systems Corp.

Commenting in the announcement that is latest, Willy Ocier, President of this gaming corporation, said that the agreement extension’s definitive goal is for the 2 businesses to build in the established strong fundamentals and also to offer retailers throughout the Philippines with all the possibility to benefit from innovative video gaming technology that could assist them boost lottery product sales.

Mr. Ocier further noted that INTRALOT has always been a partner that is valuable Pacific Online 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 they are exceptionally excited by the chance to embark on this type of long-lasting partnership with Pacific Online Systems Corp. The official also noticed that they have been getting excited about supporting their lovers in their try to offer innovative and proven video gaming solutions, to optimize customer experience, also to boost sales.

Last week, INTRALOT announced its brand new growth strategy. The company stated so it is aimed at securing sustainable EBITDA enhance, solid income, and quick reduction of net financial obligation through strategic transactions and the introduction of novel services and products.

Recently, the Greek business completed the merger of its operations that are italian those of other gaming business Gamenet. INTRALOT now holds a 20% stake in the blended entity. The business has additionally established so it would obtain a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards across the country.