BMM Testlabs has been granted official approval to provide independent testing services for the Province of Santa Fe Province as that jurisdiction launches its regulated online gaming and sports betting program.

The authorization from provincial authorities means suppliers and operators can now work with an established lab to certify games, platforms and systems for the new market.

The approval comes after Santa Fe published its laboratory regulation (No. 523/25) in November 2025 and was issued by the provincial gaming authority, the Caja de Asistencia Social – Lotería de Santa Fe. BMM’s local and regional capabilities — including offices and labs across Latin America — position the company to support both early entrants and established suppliers as the market develops.

Marzia Turrini, President of iGaming & Cybersecurity at BMM, said the approval underscores the company’s commitment to helping regulators, operators and suppliers maintain high standards of fairness, security and compliance as Brazil and other Latin American markets expand. This Santa Fe authorization adds to BMM’s growing regional footprint and complements the group’s broader suite of services. Marzia Turrini

BMM Testlabs operates alongside sister businesses within the BMM Innovation Group, including cybersecurity services (BIG Cyber) and the RG24seven virtual training arm, creating an integrated offering of product testing, cyber protection and compliance education for regulated markets. This combined approach helps regulators enforce technical standards while giving operators a clear pathway to market entry. BIG Cyber RG24seven

As Argentina’s regulated gaming landscape continues to evolve, early approvals like this one are important signals for the industry — they enable faster certification, local technical support and clearer timelines for operators planning launches in the province and beyond. BMM’s expanded access across Latin America is part of a broader industry trend in which established test labs secure local authorizations to support jurisdiction-specific requirements.

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The Visualize Group (“Visualize”), a private investment firm specializing in concentrated investments in mission-critical, services-based businesses, has announced the successful completion of its acquisition of BMM Testlabs (“BMM”), the world’s longest-established and most experienced provider of testing, inspection, compliance, and certification (TICC) services to the regulated gaming industry.

The transaction has received all necessary regulatory approvals across multiple global jurisdictions, reflecting the confidence of gaming regulators worldwide in the partnership. Financial terms were not disclosed.

This deal marks a historic milestone for the sector: it is the first-ever control acquisition of a major regulated gaming testing laboratory. Until now, the market has remained structurally inaccessible to institutional capital due to its regulatory complexity.

A Global Leader with Unmatched Regulatory Footprint

Founded in 1981 and headquartered in Las Vegas, Nevada, BMM supports gaming suppliers, operators, and regulators across six continents. The company employs more than 700 professionals across 16 offices worldwide and holds over 700 regulatory and related business licenses — one of the most extensive regulatory portfolios in the global gaming industry.

For decades, the intricate licensing requirements of the TICC market — often involving hundreds of individual approvals across numerous jurisdictions — have effectively shielded leading testing laboratories from private equity ownership. By successfully navigating this complexity and securing approvals across multiple regions, BMM now becomes the first institutionally owned platform in the sector.

The acquisition positions BMM to serve as a natural consolidator as industry expansion and regulatory evolution drive increased demand for compliance infrastructure.

Leadership Commentary

Martin Storm, President and Chief Executive Officer of BMM Testlabs, described the transaction as the beginning of a transformative new chapter:

“Today marks an exciting and ambitious moment for BMM. The approvals we’ve received from regulators worldwide demonstrate the trust we have built over more than four decades. With Visualize’s support, we can accelerate investments in our people, technology, and global expansion in ways that were previously out of reach.

“Our customers can expect faster turnaround times, broader jurisdictional coverage, enhanced technical capabilities, and an unmatched level of service. We are building the definitive global platform for gaming compliance — and this is only the beginning.”

C. C. Melvin Ike, Founder and Managing Partner of Visualize, emphasized the strategic rationale behind the investment:

“Visualize was created to acquire irreplaceable businesses operating in markets where regulatory complexity creates durable and defensible demand. BMM exemplifies this thesis.

“The global regulated gaming industry generates more than $600 billion in annual gross gaming revenue. Yet the TICC infrastructure — the certification and compliance layer required before any product reaches market — remains structurally underpenetrated by institutional capital.

“BMM’s decades-long track record of regulatory trust and its unparalleled portfolio of licenses represent a competitive moat that would take years, if not decades, and significant capital to replicate. We are proud to support the BMM team, its customers, and the regulators who safeguard this industry.”

Advisors

Weil, Gotshal & Manges LLP and Greenberg Traurig served as legal and regulatory counsel to Visualize.

Gadens, BDO, and Cooper Levenson acted as legal, financial, and regulatory advisors to BMM Testlabs.

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