Interblock announces acqusition of Zuum Limited

Tuesday, September 17, 2024 2:25 PM
  • Rege Behe, CDC Gaming

Interblock Monday announced the acquisition of majority shares in Zuum Limited. According to a release, the strategic acquisition will enable Interblock to deliver a broader range of innovative and cost-effective gaming solutions to its customers while driving significant growth in key markets.

“This acquisition will provide Interblock the ability to penetrate an entirely new segment of the casino industry,” said Inteblock CEO John Connelly in a statement. “With Zuum’s innovative, cost-effective product lineup, we’re now able to offer a more diverse range of gaming solutions to meet the needs of casinos in both high-yielding and evolving markets.”

With the acquisition of Zuum, Interblock expands its portfolio to offer ETG solutions that cater to price-sensitive markets, allowing operators to maximize returns without sacrificing quality. Interblock is owned by funds managed by Oaktree Capital Management.

“Bringing Zuum into the Interblock family opens up exciting opportunities for Zuum to get more creative, reach new customers and combine our strengths to build even better, high-quality products,” said Zuum Founder and Selling Shareholder Mitja Kolman. “This acquisition will help us grow, explore fresh ideas, create awesome experiences across different platforms, and setting us up for long-term success and growth.”

The companies will create new synergies, enhancing collaboration on both business and personal levels..

A statement said that sales-driven benefits for operators include expanded product offering for every market and a competitive edge in the Class II market. There will also be cost-effective solutions without sacrificing quality, enhanced technology and performance, increased market reach, and expanded slot and bingo offerings.

In addition to expanding product offerings, the acquisition of Zuum allows Interblock to leverage key synergies in technology, operations, and resources.