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.




NEWS SPONSOR

More News

According to a Bloomberg survey of analyst estimates, Macau casinos will see a combined EBITDA loss of around $823m for the three months ended 30 Sep. Participants in the survey, which involved...




Joonas Karhu, chief business officer at Bojoko, speaks to Gambling Insider about the affiliate’s views on loyalty schemes at online casinos, in the wake of the Gambling Commission’s tighter requirements for...