Interblock Boosts Business with Majority Stake in Zuum
Interblock, a worldwide leading developer and supplier of Luxury Electronic Table Gaming (ETG) products, has acquired a majority stake in Zuum, a competitor company. This agreement was celebrated as a move that would enhance the former company’s portfolio significantly, allowing it to power its clients with many new solutions.
The Two Businesses Complement Each Other
As companies with inherent synergies, Interblock and Zuum will complement their businesses, bolstering their respective tech capabilities. Interblock is certain that these synergies would allow it to drive further growth and conquer new casino industry segments.
The acquisition of a majority stake in Zuum would furthermore bolster Interblock’s ETG business, allowing it to remain ahead of the curve when it comes to Class II ETGs. Zuum, which specializes in Class II and Class III games, slots and bingo, will greatly bolster the Interblock portfolio, allowing the supplier to provide more cutting-edge content to budget properties and luxury casinos alike.
Zuum’s Class II portfolio would be especially important to Interblock, which hopes to expand its footprint in North America. The best thing about the arrangement is that Zuum’s ETGs are already fully compatible with Interblock’s latest platform, allowing for cheap and seamless integrations.
Overall, Interblock’s distribution network would expand Zuum’s horizons, allowing its content to reach more operators and players.
The financial terms of the majority stake acquisition were not publicly announced.
Zuum Will Be Able to Get More Creative and Explore Fresh Ideas
Interblock’s chief executive officer, John Connelly, commented on the matter, expressing excitement about the partnership. According to him, Zuum’s content would allow Interblock to tackle a wholly new segment of the casino industry, allowing it to vastly expand its business.
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.
John Connelly, CEO, Interblock
Mitja Kolman, founder and selling shareholder of Zuum, was likewise pleased to bring Zuum into the Interblock family. According to Kolman, this would open up many new opportunities for his company, which would be able to boost its creativity and reach new customers.
Kolman said: “This acquisition will help us grow, explore fresh ideas, create awesome experiences across different platforms and set us up for long-term success and growth.”
