Gaming Laboratories International (GLI) has entered into a strategic partnership with global investment firm CVC to drive its ongoing expansion and long-term growth.
Through its long-duration Strategic Opportunities platform, CVC has completed a strategic investment in GLI and related entities, strengthening the company’s capabilities and growth trajectory while upholding its legacy of world-class service to the global gaming industry.
Commenting on the landmark partnership, James Maida, Chief Executive Officer of GLI, said, “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.”
“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. GLI fits perfectly with that approach, as over nearly 40 years James and Paul have built GLI into the clear leader in its industry,” added Matt Turner, Partner at CVC and GLI Board Member. “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.”
Founded in 1989 by James Maida and Paul Magno and headquartered in Lakewood, New Jersey, USA, GLI is a global leader in testing, certification, and cybersecurity services to the global gaming industry, with over 1,500 employees globally servicing over 710 regulated gaming jurisdictions worldwide.
