Carolwood Games, an affiliate of the California-based Brener Group, has invested in electronic lottery systems and services provider Sorteo.
The proceeds will be used to introduce lottery solutions in Mexico, where Sorteo has exclusive long-term agreements to manage the modernisation and automation of the Lotería Nacional products and distribution channels.
Gabriel Brener, chairman and CEO of Brener International Group, will sit on Sorteo’s board of directors as Carolwood’s nominee under the terms of the investment agreement.
Nour-Dean Anakar, CEO and founder of Sorteo Games, welcomed the investment which, he said, will enable the company to accelerate its 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,” added Anakar.
Gabriel Brener said there are two primary reasons why Carolwood invested in Sorteo: “Firstly, the lottery is a fundamental part of the culture in Mexico, with potential for many more people to participate through its modernisation.”
“Equally, we believe in Sorteo’s management team and their ability to deliver this modernisation programme. We look forward to watching their progress with great interest.”
