Visualize Group acquired BMM Testlabs, while excluding its RG24seven Virtual Training division, BMM confirmed. Financial terms were not disclosed; BMM chief executive Martin Storm will remain in his role and retain a significant stake in the business.
The acquisition changes ownership of a testing and certification supplier used by gambling regulators and companies.
The day’s most important stories, free. One email a day.
Visualize, the private investment vehicle that owns BMM Testlabs, plans to acquire software inspection and compliance firm eCOGRA. The reported deal is an acquisition proposal; no completion details were provided.
Visualize Group announced that it has acquired BMM Testlabs after obtaining regulatory approvals across multiple global jurisdictions. The companies did not disclose the purchase price; BMM chief executive Martin Storm said the new ownership would support investment in staff, technology and its international reach.
The Visualize Group has completed its acquisition of BMM Testlabs after securing regulatory approvals in various regions, according to BMM’s announcement. The transaction’s financial terms were not disclosed, and BMM said Martin Storm will remain its president and chief executive.
BMM Testlabs said it received approval to provide online game testing and certification in New Zealand under the country's new online casino framework, overseen by the Department of Internal Affairs. The lab already tests land-based gambling products there.
The Massachusetts Gaming Commission says its regulations cover the permitting, transport, operation, relocation, modification and destruction of slot machines and other electronic gaming devices. Under 205 CMR 144.00, each slot machine must be tested and approved by a commission-certified independent laboratory before use on a gaming floor; the commission identifies GLI and BMM Testlabs as certified labs.