CVC invests in GAMING LABORATORIES INTERNATIONAL
Context
CVC Strategic Opportunities, CVC Capital Partners’ long-duration investment platform, has announced a strategic partnership with Gaming Laboratories International (GLI), representing the company’s first external investment partner. The transaction is intended to support GLI’s next phase of development while preserving its operational independence, leadership team and long-standing company culture. The investment reflects CVC’s strategy of partnering with established businesses that have strong market positions, specialised expertise and long-term growth opportunities. Through this partnership, CVC will provide resources and expertise to help GLI enhance its capabilities, accelerate innovation initiatives and pursue additional opportunities across the global regulated gaming ecosystem. Founded in 1989, GLI provides testing, certification and cybersecurity services to the gaming industry worldwide. The company plays a critical role in supporting regulators, operators and suppliers by helping ensure the compliance, reliability and security of gaming technologies and products across multiple international markets. As part of the transaction, James Maida will continue as Chief Executive Officer of GLI, while the existing leadership team remains in place. CVC will work alongside management to support the company’s continued development, including investments in technology, service quality and expansion into related and adjacent areas. The partnership combines GLI’s deep industry expertise and trusted position within the regulated gaming sector with CVC’s experience supporting international companies and accelerating long-term growth strategies. Together, the partners aim to strengthen GLI’s role as a key provider of solutions for the global gaming industry.
GAMING LABORATORIES INTERNATIONAL, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).
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Target
Gaming Laboratories International (GLI) provides testing, certification and cybersecurity services to operators, regulators and equipment suppliers in the regulated gaming sector. Established in 1989 by James Maida and Paul Magno, the firm is headquartered in Lakewood, New Jersey, United States and employs roughly 1,500 professionals across multiple continents. GLI maintains laboratories that evaluate slot‑machine software, online gaming platforms, and ancillary hardware against jurisdictional standards, issuing compliance certificates that permit market entry. Its cybersecurity practice conducts penetration testing, vulnerability assessments and incident‑response planning to safeguard player data and transaction integrity. The company serves more than 710 regulated gaming jurisdictions, delivering services through a combination of on‑site assessments, remote audits and continuous monitoring. Revenue is generated primarily from fee‑based contracts tied to each testing cycle, with additional recurring fees for ongoing surveillance and advisory engagements. GLI’s client base includes casino operators, online gaming providers, government regulators and technology vendors that require documented proof of conformity. The firm leverages a proprietary testing framework and a global network of auditors to accelerate time‑to‑certification while maintaining uniform quality standards. Over four decades, GLI has expanded its footprint to Europe, Asia‑Pacific and the Americas, adapting its service portfolio to emerging regulatory requirements such as anti‑money‑laundering controls and responsible‑gaming protocols.
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Press release: view release
Target: gaming laboratories international
Acquirer: cvc