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CVC seeks sole control of Gaming Laboratories International

Business

CVC Capital Partners has initiated proceedings to acquire Gaming Laboratories International (GLI), according to filings submitted to competition authorities in Austria and Malta. The proposed deal would give CVC complete ownership of GLI and associated entities, including Kobetron and Worldwide Laboratories; Austria’s Federal Competition Authority said Avalon Buyer would gain sole control, with stakeholder input due by 31 July.

The proposed change of control could affect a provider of certification and regulatory testing services used by gaming businesses.

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CBRE analyst says scale will matter as UK gambling market consolidates

In an interview, CBRE credit research head Colin Mansfield said scale matters to Bally’s long-term UK position as the market consolidates. Bally’s Intralot reported a 22.8% year-on-year rise in B2C revenue in preliminary Q3 results, attributing it to UK growth and the addition of Intralot’s B2C business.

Bally’s Intralot reported a 22.8% year-on-year increase in B2C revenue in its preliminary Q3 results, which it attributed to UK growth and the addition of Intralot’s B2C business. B2C revenue rose from around $210m to more than $257m in Q3.

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