CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners announced it has further delved into the world of gambling through another strategic purchase. 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 ended up being established in 1946 and contains subsequently been providing many gambling options and payment solutions for gambling customers. Additionally it is interesting to notice that the company that is milan-based end up being the to begin its kind to operate in Italy as being a Government Licensee. Sisal presently manages significantly more than 45,000 points of purchase found throughout the nation.

Although CVC Capital Partners has substantial past expertise in the gambling industry, the personal equity company has not had existence into the Italian gambling market to date. The business 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 gambling that is UK-based Sky Betting & Gaming. Most recently, it absolutely was announced that the personal equity firm would additionally buy German operator Tipico.

Commenting in the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group described that they are happy with the chance to assist and invest in Sisal as the Italian company has long ago founded itself as one of the market leaders in Italy and has been providing diverse activity choices around the world.

Mr. Mazza further noted that Sisal is in an position that is ideal secure development in various areas and they are searching ahead to support its team in consolidating the company’s ‘leadership into the payments space,’ to continue developing its on line gambling platform, and 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 has become in a period of development and contains been enjoying results that are excellent a while now. Mr. Petrone added that with CVC Capital Partners as its new owner, Sisal should be able to exploit its potential up to a complete level, hence becoming more competitive and stronger.

INTRALOT Extends Partnership with Pacific Online System Corporation

Operator and provider of solutions for the worldwide gambling industry INTRALOT announced that it has extended its existing partnership with Pacific Online System Corporation, a general public company running the Philippines Charity Sweepstakes workplace games. The agreement that is new valid through August 31, 2018.

It has been the fifth expansion associated with contract that is existing the 2 events since the establishment of these partnership back in 2006.

Under the terms of the newly finalized agreement, INTRALOT would continue supplying its LOTOS online lottery system way to the gaming organization. In addition, the Greek supplier would also provide significantly more than 1,200 lottery terminals and would link 800 more main units throughout the points-of-sales network managed by Pacific on the web Systems Corp.

Commenting regarding the announcement that is latest, Willy Ocier, President regarding the gaming corporation, stated that the contract extension’s definitive goal is for the 2 companies to build regarding the established strong fundamentals also to provide retailers across the Philippines aided by the opportunity to make use of revolutionary video gaming technology that will help them improve lottery sales.

Mr. Ocier further noted that INTRALOT is definitely a partner that is valuable Pacific on line Systems Corp.’s seek to modernize the Philippine lottery landscape and because of the Greek business’s global experience, they’ve manged to help expand their operations.

Nikos Nikolakopoulos, Chief Operating Officer of INTRALOT, noted that they’re extremely excited by the opportunity to attempt such a partnership that is long-term Pacific on line Systems Corp. The official also noticed that they are getting excited about supporting their partners within their endeavor to offer revolutionary and gaming that is proven, to optimize consumer experience, and to improve sales.

A week ago, INTRALOT announced its growth that is new strategy. The organization said that it aims at securing sustainable EBITDA increase, solid cashflow, and fast reduced total of net debt through strategic deals as well as 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 in the entity that is combined. The organization has also announced so it would obtain a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards around the world.