TMCnet News
Brener Group Invests in Sorteo GamesSAN DIEGO --(Business Wire)-- Sorteo Games, Inc., a leading provider of electronic lottery systems and services, is pleased to announce that it has received a material investment from Carolwood Games LLC ("Carolwood"), an affiliate of Brener Group. The proceeds will be used to roll-out the Company's lottery solutions in Mexico, where Sorteo has exclusive long-term agreements to manage the modernization and automation of the Lotería Nacional products and distribution channels. The Brener Group is a private investment firm based in California that has investments in a variety of sectors, including communications, media, entertainment, high-technology, financial and consumer-focused businesses. The Brener Group has a particular emphasis on Hispanic markets and opportunities that capitalize on the rising spending power of the Hispanic population in the US. Gabriel Brener, Chairman and Chief Executive Officer of Brener International Group, will sit on Sorteo's Board of Directors as Carolwood's nomiee under the terms of the investment agreement. Nour-Dean Anakar, CEO and Founder of Sorteo Games, said: "We welcome this investment from Carolwood, which will enable us to accelerate our roll-out programme in Mexico. The automation of the lotteries is progressing well, and we hope to benefit from the Brener Group's experience as we deploy our solutions here in Mexico and, subsequently, beyond." "There are two primary reasons why we invested in Sorteo", added Gabriel Brener, Chairman and CEO of Brener International Group. "Firstly, the lottery is a fundamental part of the culture in Mexico, with potential for many more people to participate through its modernization. Equally, we believe in Sorteo's management team and their ability to deliver this modernization programme. We look forward to watching their progress with great interest." About Sorteo Games With offices in San Diego and Mexico City, Sorteo Games is a leading provider of regulated server-based wireless, web and electronic lottery systems and services in Latin America. The Company's platform solutions enable lottery institutions and leading regulated gaming networks to more efficiently create, distribute and control traditional lottery products in conjunction with new electronic products, services and distribution channels. Sorteo currently holds two national lottery systems and distribution licenses and operates the leading government regulated revenue generating national lottery wireless & interactive channels and electronic lottery terminals in Mexico. More information can be found at: www.sorteogames.com |
