CVC Capital Partners Acquires Sisal for €1 Billion

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  • İlan Tarihi: 07/01/2020
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CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners announced that it has further delved in to the world of gambling through another strategic purchase. The equity that is private unveiled 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 established in 1946 and has now since then been providing gambling that is numerous and payment solutions for gambling clients. Additionally it is interesting to notice that the Milan-based business has become the to begin its sort to operate in Italy as being a Government Licensee. Sisal presently manages a lot 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 personal equity firm have not had presence into the Italian gambling market to date. The company is famous for previously purchasing major UK-based gambling operator William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a majority stake an additional UK-based gambling company Sky Betting & Gaming. Most recently, it had been established that the equity that is private would also buy German operator Tipico.

Commenting in the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team described that they’re satisfied with the chance to work with and spend in Sisal as the Italian company has long ago founded itself as one of the market leaders in Italy and has been providing diverse entertainment options around the world.

Mr. Mazza further noted that Sisal is in an position that is ideal secure development in numerous areas and they searching for forward to guide its team in consolidating the organization’s ‘leadership into the re payments room,’ to continue developing its online gambling platform, and also to innovate its retail business.

Sisal CEO Emilio Petrone commented that the CVC Capital Partners Milan team has completed ‘a great acquisition.’ The executive further noted that his business is currently in a time period of growth and has been enjoying very good results for time now. Mr. Petrone included that with CVC Capital Partners as its new owner, Sisal will be able to exploit its potential to a extent that is full therefore becoming more competitive and more powerful.

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 line System Corporation, a general public company running the Philippines Charity Sweepstakes Office games. The brand new agreement is legitimate through August 31, 2018.

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

Beneath the terms of the newly finalized contract, INTRALOT would continue supplying its LOTOS on the web lottery system way to the video gaming corporation. In addition, the Greek supplier would also offer significantly more than 1,200 lottery terminals and would connect 800 more main devices 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 firm, said that the agreement expansion’s definitive goal is for the 2 companies to build on the established strong fundamentals also to offer merchants throughout the Philippines because of the chance to make the most of revolutionary video gaming technology that will assist them boost lottery sales.

Mr. Ocier further noted that INTRALOT has become a valuable partner in Pacific on line Systems Corp.’s endeavor to modernize the Philippine lottery landscape and thanks to the Greek company’s worldwide experience, they will have manged to help expand their operations.

Nikos Nikolakopoulos, Chief working Officer of INTRALOT, noted that they are exceptionally excited by the opportunity to embark on this type of partnership that is long-term Pacific Online Systems Corp. The state also noticed that they’ve been looking towards supporting their partners in their try to offer revolutionary and proven video gaming solutions, to optimize consumer experience, also to boost sales.

The other day, INTRALOT announced its growth that is new strategy. The organization said so it aims at securing sustainable EBITDA enhance, solid cashflow, and fast reduced total of net debt through strategic deals as well as the introduction of novel products and services.

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

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