CVC Capital to Support Gaming1 Growth
Gaming1, a member of the Ardent Group, has signed a new partnership with the private equity group CVC Capital that will support its ongoing growth plans.
According to the agreement, which is yet to receive regulatory approval, CVC will use its own technology and omni-channel approach to help Gaming1 grow and expand.
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- Play Stakelogic games on the Gaming1 platform
Gaming1 said that it wanted to work with a shareholder “capable of bringing global, sector and digital expertise.” CVC Capital has significant experience in the iGaming industry thanks to investments in firms such as the German sports betting operator Tipico, the Italian brand Sisal (which CVC agreed to sell to Flutter Entertainment last month) and Britain’s Sky Bet.
Gaming1 is based in Belgium, but it has a presence in nine other countries, including France and Portugal, as well as in the US through its Gamewise joint venture with Delaware North. The company's American expansion comes at a time when the regulated online gaming market is growing, with established platforms like Delaware online casinos demonstrating the viability of state-regulated internet gambling since 2013.
Once the deal comes into effect, Emmanuel Mewissen, Sylvain Boniver, and Nicolas Léonard, the historical shareholders of Gaming1, will remain the reference shareholders.
In a rapidly changing world, the key to success is adapting. By partnering with CVC, we will benefit from their global, sector, and technology expertise, which will support our company to continue on our successful growth path and further build our digital capabilities. We will stay loyal to our values and Belgian roots, as shown by our recent move to our digital hub in the heart of Liège. This desire to anchor ourselves in and to contribute to our country’s growth is an integral part of our identity and will continue to guide us daily.
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