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Gaming Laboratories International has taken its first external investor after nearly four decades in gaming testing and certification. CVC Capital Partners has invested in GLI through its Strategic Opportunities platform, giving the gaming compliance group a new long term partner.
Good to know
- CVC Strategic Opportunities is GLI first external investor.
- GLI serves more than 710 regulated gaming jurisdictions and has over 1,500 employees.
- Financial terms of the investment were not disclosed.
GLI Adds Capital Partner As Regulated Gaming Expands
GLI sits in a part of the gaming industry that most players never see, but regulators, suppliers, casinos, sportsbooks, and iGaming operators rely on it. The company tests, certifies, and advises on gaming technology before products reach regulated markets.
That makes CVC investment more than a standard private equity deal. It gives CVC exposure to the compliance layer behind global gaming, where new markets, online casino rules, sports betting launches, cybersecurity needs, and technical standards keep expanding.
The two companies said CVC completed an investment into GLI and related entities. The deal will provide resources and expertise to support GLI growth and long term development. CVC did not disclose how much it invested.
James Maida, GLI co-founder and chief executive, said the company will keep its current leadership and customer focus.
“We are truly excited and honored to welcome CVC as a strategic investment partner. CVC shares our vision, values, and long-term commitment to the global gaming industry. This partnership creates new opportunities for growth and innovation, allowing GLI to invest even more in the success of the future of the global gaming industry as well as investing in related and adjacent sectors. Our leadership, values, and culture focused on customer service remain unchanged. I will continue as CEO and our leadership team remains intact. Together we will stay focused on quality, speed and the customer experience while continuing to drive innovation and outstanding service worldwide.”
CVC Uses Long Duration Platform For GLI Deal
CVC made the investment through CVC Strategic Opportunities, a long duration platform created in 2014 for businesses that do not always fit a traditional private equity model. CVC says the strategy focuses on lower risk corporate private equity investments, mainly in Europe and North America, and often works with founders, families, or foundations seeking a long term partner.
GLI fits that profile. Maida and Paul Magno founded the company in 1989. Since then, GLI has become one of the main names in gaming testing, certification, cybersecurity, and consultancy.
Matt Turner, partner at CVC and a GLI board member, said the company has a strong position in regulated gaming.
“Within CVC Strategic Opportunities, we seek to partner with exceptional businesses that have histories of consistent success, strong market positions and significant long-term growth potential.”
He added: “GLI fits perfectly with that approach, as over nearly 40 years James and Paul have built GLI into the clear leader in its industry.”
Turner also pointed to GLI role in regulated markets.
“The company plays a critical role in the global regulated gaming ecosystem and has established itself as a trusted partner to regulators, operators and suppliers around the world. This positions the business extremely well for continued growth, and we are looking forward to working alongside James and the talented team at GLI to support the company’s future success.”
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