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 unveiled the purchase of Italian gambling operator and provider of payment solutions Sisal Group S.p.A. for the total amount of €1 billion.

Sisal ended up being launched in 1946 and it has ever since then been providing numerous gambling choices and re payment solutions for gambling clients. It is also interesting to see that the Milan-based business has end up being the to begin its type to operate in Italy as a Government Licensee. Sisal presently manages a lot more than 45,000 points of purchase located all over the nation.

Although CVC Capital Partners has substantial past experience in the gambling industry, the private equity company have not had existence into the Italian gambling market to date. The company is well known for previously buying major UK-based gambling operator William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a big part stake in another UK-based gambling company Sky Betting & Gaming. Of late, it absolutely was announced that the equity that is private would also purchase German operator Tipico.

Commenting regarding the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team described that they’re pleased about the chance to assist and spend in Sisal as the Italian company has long ago established itself among the market leaders in Italy and it has been offering diverse activity options across the country.

Mr. Mazza further noted that Sisal is in a ideal place to secure development in various areas and that they searching for forward to support its group in consolidating the company’s ‘leadership into the re payments room,’ 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 group has completed ‘a great purchase.’ The executive further noted that their company is currently in a period of development and it has been enjoying very good results for some time now. Mr. Petrone included that with CVC Capital Partners as its new owner, Sisal should be able to exploit its potential up to a extent that is full hence becoming more competitive and stronger.

INTRALOT Extends Partnership with Pacific Online System Corporation

Operator and provider of solutions for the international gambling industry INTRALOT announced it has extended its existing partnership with Pacific on the web System Corporation, a public company operating the Philippines Charity Sweepstakes Office games. The agreement that is new legitimate through August 31, 2018.

It has been the fifth expansion associated with contract that is existing the 2 parties because the establishment of their partnership back in 2006.

Under the regards to the newly finalized contract, INTRALOT would continue supplying its LOTOS on the web lottery system treatment for the video gaming business. In addition, the Greek provider would also provide significantly more than 1,200 lottery terminals and would connect 800 more main units throughout the network that is points-of-sales by Pacific Online Systems Corp.

Commenting on the announcement that is latest, Willy Ocier, President for the gaming organization, stated that the agreement extension’s absolute goal is for the 2 companies to build on the established strong fundamentals and also to offer merchants across the Philippines with all the opportunity to make the most of revolutionary video gaming technology that could help them improve lottery product sales.

Mr. Ocier further noted that INTRALOT is definitely a partner that is valuable Pacific Online 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 they are extremely excited by the chance to set about such a partnership that is long-term Pacific Online Systems Corp. The official also noticed that they’ve been anticipating supporting their partners in their try to provide innovative and proven video gaming solutions, to optimize customer experience, also to boost sales.

A week ago, INTRALOT announced its growth that is new strategy. The organization stated that it aims at securing sustainable EBITDA increase, solid income, and quick reduced total of web financial obligation through strategic transactions and the introduction of novel services and products.

Recently, the Greek business completed the merger of its Italian operations with those of fellow video gaming business Gamenet. INTRALOT now holds a 20% stake in the combined entity. The business in addition has announced that it would obtain a 49% share in Eurobet Bulgaria, the provider that is main of and scratchcards around the world.