CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners Acquires Sisal for €1 Billion

CVC Capital Partners announced so it has further delved into the world of gambling through another strategic purchase. 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 amount of €1 billion.

Sisal had been created in 1946 and it has ever since then been providing numerous gambling options and payment solutions for gambling clients. It’s also interesting to note that the company that is milan-based become the first of its sort to operate in Italy as being a Government Licensee. Sisal presently manages a lot more than 45,000 points of purchase positioned all around the country.

Although CVC Capital Partners has substantial past expertise in the gambling industry, the personal equity firm have not had existence in the Italian gambling market so far. The company is well known for previously buying major gambling that is UK-based 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 was established that the private equity company would also buy German operator Tipico.

Commenting in the latest statement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group revealed that they are happy with the opportunity to use and invest in Sisal due to the fact Italian business has way back when established itself as one of the market leaders in Italy and it has been offering diverse entertainment choices in the united states. Continue reading “CVC Capital Partners Acquires Sisal for €1 Billion”

Betfair Extends Partnership with Arsenal FC Gambling operator Betfair announced

Betfair Extends Partnership with Arsenal FC Gambling operator Betfair announced so it has extended its existing partnership with English Premier League soccer club Arsenal FC until 2019. Under the expanded deal, the video gaming company would become an certified Betting Partner for the professional soccer club in the United Kingdom, European countries, and Central and south usa.

What is more, Betfair would be secured with additional branding at fixtures which can be become played at the Emirates Stadium.

As part of the partnership contract, the gambling operator would be able to use first-team footballers to determine advertising and marketing tasks. Betfair are going to be offered the opportunity to reach Arsenal’s large fan base through the club’s online channels and social media marketing presence.

Commenting on the expanded relations associated with soccer team and the gambling company, Paddy energy Betfair Marketing and Brand Director Paul Gambrill stated that they’re really satisfied with the contract’s extension, following a mutually useful first season with the soccer club. Mr. Gambrill further noted that Arsenal are really a fantastic team and that they are looking forward to being able to help make use of its officials and to engage its fan base during the next few seasons.

Vinai Venkatesham, Chief Commercial Officer of Arsenal, added that there are delighted with the chance to carry on their relationship utilizing the gambling operator as both events have enjoyed a successful partnership so far. Continue reading “Betfair Extends Partnership with Arsenal FC Gambling operator Betfair announced”