Casinos · Mergers and acquisitions

Primero Games acquires Win Systems' machine division and enters Latin America through the front door

2026-09-07 · 8 min read

By Álvaro AbrilCEO de Geniales.co · Director de KingNews.online

Machine translation from Spanish.
Primero Games acquires Win Systems' machine division and enters Latin America through the front door
Primero Games asume la división de juego de Win Systems, con la línea Gold Club y más de 3.000 posiciones instaladas en cinco mercados de América Latina.

The transaction transfers the Gold Club electronic roulette business, the manufacturing plant, and more than 3,000 gaming positions installed across Mexico, Peru, Colombia, Puerto Rico, and Panama to Primero Games. Win Systems retains its software core: the WIGOS management platform.

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What exactly was sold

Primero Games, a U.S.-based provider of gaming content and casino systems, took control of the gaming division of Win Systems. 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 batch is Gold Club, the multi-position electronic roulette format that has become a staple 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 the financial structure of the transaction.

ElementoDetalle
CompradorPrimero Games (Estados Unidos)
Activo adquiridoDivisión de gaming de Win Systems
Marca insigniaRuleta electrónica Gold Club
Base instaladaMás de 3.000 posiciones de juego
MercadosMéxico, Perú, Colombia, Puerto Rico y Panamá
Queda en Win SystemsSistemas de gestión de casino (WIGOS)

Why 3,000 positions are worth more than 3,000 machines

In this segment, business is rarely done by selling the cabinet outright for cash. Revenue-sharing or participation models are standard practice, meaning the installed base functions as a recurring revenue stream rather than an asset collected only once.

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 approvals, 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 is, 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 territory where WIGOS competes with floor management products from much larger suppliers.

Divesting from manufacturing and content separates that software business from the fixed cost of producing, distributing, and servicing physical machines. It is a move of focus: software margins versus capital-intensive manufacturing.

Dario Zutel, Executive Chairman 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 fit between both parties: combining the installed base, manufacturing, and market expertise with Primero's game library and development engine allows them to deliver more and better products to customers faster than if each company were operating separately.

What Primero brings to the table

Primero sells gaming content, online solutions, redemption kiosks, and the Hurricane omnichannel platform, featuring more than a hundred proprietary titles for land-based 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 provides 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 market test will be technical before commercial: verifying whether titles conceived for North American cabinets and regulatory formats adapt seamlessly to Gold Club hardware and the machine standards currently in force in Peru or Colombia.

A recurring pattern in the industry

The transaction fits into a clear trend: content studios are paying for distribution that would otherwise take them 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 players who quickly adopt multi-station electronic formats such as roulette.

For local operators, the immediate effect should be a larger catalog on the same equipment. The risk, as with any integration, lies in service: maintaining spare parts, support, and response times during the transition.

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 effectively becomes a casino software firm, with a portfolio focused on management, data, and compliance.

Primero Games, for its part, is a US-based content and technology house that grew from game development toward a more comprehensive offering: proprietary titles for land-based venues and multigame systems, redemption kiosks, online solutions, and the Hurricane omnichannel platform. Its studio structure across the United States, the United Kingdom, and Canada enables it to produce content continuously, but its historic weak spot has been distribution outside North America.

Viewed together, the two companies explain the logic of the transaction better than any press release: one had an installed floor presence and manufacturing capability 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 strategic business decisions, not mere technical details.

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