Casinos · Mergers and acquisitions
Primero Games acquires Win Systems' gaming machine division and makes a major entrance into Latin America
2026-09-07 · 8 min read
By Álvaro AbrilCEO de Geniales.co · Director de KingNews.online

The transaction transfers the Gold Club electronic roulette business, the manufacturing plant, and more than 3,000 installed gaming positions in Mexico, Peru, Colombia, Puerto Rico, and Panama to Primero Games. Win Systems retains its software core: the WIGOS management platform.
What Exactly Was Sold
Primero Games, a US-based provider of gaming content and casino systems, has taken control of Win Systems' gaming division. The package includes slot and electronic roulette products, manufacturing operations, and the customer portfolio associated with the installed base across five Latin American jurisdictions.
The jewel of the package is Gold Club, the multi-position electronic roulette format that has become a fixture in casinos and gaming halls across the region. Win Systems had revamped the line for ICE Barcelona 2026 with a version dubbed Gold Club Colors.
The companies announced the agreement on September 4, 2026, and did not disclose the amount or financial structure of the transaction.
| Elemento | Detalle |
|---|---|
| Comprador | Primero Games (Estados Unidos) |
| Activo adquirido | División de gaming de Win Systems |
| Marca insignia | Ruleta electrónica Gold Club |
| Base instalada | Más de 3.000 posiciones de juego |
| Mercados | México, Perú, Colombia, Puerto Rico y Panamá |
| Queda en Win Systems | Sistemas de gestión de casino (WIGOS) |
Why 3,000 Positions Are Worth More Than 3,000 Machines
In this segment, business is rarely conducted by selling the cabinet outright for cash. Revenue-sharing or participation schemes are the norm, so the installed base functions as a recurring revenue stream rather than a one-time asset.
There is a second component that does not appear on the balance sheet: licenses. Supplying machines in Mexico, Peru, Colombia, Puerto Rico, or Panama requires local homologations, technical certifications, and operator relationships that take years to build. Primero bought time, not just iron.
Mike Macke, Chairman of the Board of Primero Games, framed the acquisition within a broader plan: it represents, he said, an important step in the growth strategy to build a global and diversified gaming company.
Win Systems retains the software
The company continues to operate its casino management systems and associated technology business, the arena where WIGOS competes with floor management products from much larger suppliers.
Divesting from manufacturing and content separates that software business from the fixed costs of producing, distributing, and servicing physical machines. It is a move centered on focus: software margins versus capital-intensive manufacturing.
Dario Zutel, Executive President of Win Systems, described the sale as a new chapter for the division and expressed confidence that Primero Games is the right partner to take the business into its next stage of international growth.
Eric Benchimol, CEO of Win Systems, highlighted the strategic fit between both parties: combining the installed base, manufacturing, and market knowledge with Primero's game library and development engine allows delivering more and better products to customers faster than if each company acted independently.
What Primero Brings to the Table
Primero sells gaming content, online solutions, redemption kiosks, and the Hurricane omnichannel platform, with more than a hundred proprietary titles for land-based gaming venues and multi-game systems. Its development studios operate in the United States, the United Kingdom, and Canada.
Until now, that catalog lacked significant distribution in Latin America. The acquired installed base delivers it immediately, and the company has anticipated that it will bring additional content, platform technology, and development resources to the division's existing clients.
The commercial test will be technical before commercial: verifying whether titles designed for North American cabinets and regulatory formats adapt seamlessly to Gold Club hardware and the machine standards currently in effect in Peru or Colombia.
A recurring pattern in the industry
The deal fits into a clear trend: content studios are paying for distribution that would otherwise take years to build. Acquiring installed bases and licensed footprints has become a legitimate shortcut into markets that are difficult to penetrate from scratch.
Latin America concentrates this interest because it combines maturing regulation, machine fleets undergoing renewal, and a player base that rapidly adopts multi-station electronic formats such as roulette.
For local operators, the immediate effect should be an expanded catalog on the same equipment. The risk, as in any integration, lies in service: maintaining spare parts, support, and response times during the handover.
Who's Who: Win Systems and Primero Games
Win Systems was founded in 1991 and established itself as one of the technology providers with the strongest presence in the Spanish-speaking casino market, with operations and offices spread across Europe, Latin America, and the United States. Its reputation was built on two pillars: the Gold Club electronic roulette, present in gaming venues throughout the region, and WIGOS, a management system that integrates machine accounting, table control, player loyalty, and floor analytics. Following this sale, the company de facto becomes a casino software enterprise, with a catalog focused on management, data, and compliance.
Primero Games, for its part, is a US-based content and technology company that grew from game development toward a more comprehensive offering: proprietary titles for land-based venues and multi-game systems, redemption kiosks, online solutions, and the Hurricane omnichannel platform. Its studio structure across the United States, the United Kingdom, and Canada allows it to produce content continuously, though its historical weak point has been distribution outside North America.
Viewed together, the two companies explain the rationale behind the transaction better than any press release: one had an installed floor base and manufacturing capabilities but needed to feed its machines with new games; the other had plenty of games and nowhere to place them in the region. The combination is complementary, and that is precisely the type of deal that tends to perform better than defensive acquisitions between direct competitors.
At Geniales.co, we are closely following this move because it redefines the supplier landscape across five markets where floor analytics, machine traceability, and progressive jackpot systems are now core business decisions, not just technical details.
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