2020_8_pragmatic.gif
2020_8_pragmatic.gif
2020_8_pragmatic.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 31 May 2016

CVC makes another gaming purchase

By David Cook
CVC Capital Partners, the majority stakeholder in Sky Betting & Gaming, has once again increased its level of control in the gaming market and has announced it has acquired Italian operator Sisal Group for €1bn.

Sisal, which was the first government-licensed operator in the Italian market when it began operating in 1946, also offers payment services and reported total revenue and income of €821m for 2014.

A mix of online and offline games are operated by Sisal, as well as lotteries, betting, casino games and gaming machines.

The announcement comes a year after CVC, which also made an investment in William Hill in 1999 and holds majority control of Formula 1, purchased an 80% stake in Sky Bet in a deal worth £720m plus possible further consideration based on performance.

CVC purchased a majority stake in German operator Tipico, a sponsor of German football’s Bayern Munich, for an undisclosed fee in April.

By purchasing Sisal, CVC now has total control over a business that employs approximately 2,000 people and operates a network of 45,000 points of sale.

Since being acquired by CVC, Sky Bet has become the first online-only operator to join UK self-regulatory body the Senet Group, though it is unclear how much day-to-day involvement CVC has in the business.



RELATED TAGS: Online | Land-Based | Mergers & Acquisitions
DISCUSS THIS ARTICLE
IN-DEPTH 18 February 2020
A decade to remember
READ MORE

PREMIUM CONNECTIONS
Efbet
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
1xPartners
Affiliate
1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
ActiveWins
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
BetConstruct
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
NSoft
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
Zimpler
Payments
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...
BBIN
Systems and Software
The Leading iGaming Software Supplier in Asia