Post ID 15212

CVC Capital Partners Acquires Sisal for €1 Billion

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

Sisal ended up being founded in 1946 and contains ever since then been supplying gambling that is numerous and payment solutions for gambling customers. Additionally it is interesting to notice that the Milan-based company has end up being the to begin its type to operate in Italy as being a Government Licensee. Sisal currently manages a lot more than 45,000 points of sale situated all around the country.

The private equity firm has not had presence in the Italian gambling market so far although CVC Capital Partners has substantial previous experience in the gambling industry. The company is known for previously investing in major UK-based gambling operator William Hill. What exactly is more, in March 2015, CVC Capital Partners acquired a majority stake in another UK-based gambling company Sky Betting & Gaming. Of late, it was announced that the equity that is private would also buy German operator Tipico.

Commenting regarding the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian team described that they are pleased about the chance to work with and invest in Sisal while the Italian business has way back when established itself as one of the market leaders in Italy and has been providing diverse entertainment options around the world. (more…)

Post ID 15210

Betfair Extends Partnership with Arsenal FC Gambling operator Betfair announced that it has extended its partnership that is existing with Premier League football club Arsenal FC until 2019. Underneath the expanded deal, the gaming company would become an certified Betting Partner for the expert soccer team in the United Kingdom, Europe, and Central and South America.

What is more, Betfair would be secured with extra branding at fixtures that are to be played at the Emirates Stadium.

The gambling operator would be able to use first-team footballers to establish marketing and promotional activities as part of the partnership agreement. Betfair will be given the opportunity to achieve Arsenal’s large fan base through the club’s online stations and social networking existence.

Commenting in the expanded relations of this soccer team and the gambling company, Paddy Power Betfair advertising and Brand Director Paul Gambrill stated they are really happy with the contract’s expansion, carrying out a mutually beneficial season that is first the soccer team. Mr. Gambrill further noted that Arsenal are a definite fantastic team and that they are getting excited about being able to help work with its officials and to engage its group of fans during the next few seasons.

Vinai Venkatesham, Chief Commercial Officer of Arsenal, included there are pleased using the chance to carry on the gambling operator to their association as both parties have enjoyed a successful partnership to date. (more…)