J&J Gaming Enters into Agreement to Acquire Strategic Assets of The Curo Group

Solidifies Long Term Contracts with Several National, Multi-Location Groups in Illinois and Nebraska

Provides a Pipeline of Locations in Potential New States

Effingham, IL, July 18, 2025 – J&J Gaming announced today that it has entered into a definitive agreement to acquire strategic assets of The Curo Group (“Curo”), including its Illinois and Nebraska operations.

Curo is a longtime partner of J&J Gaming, with a relationship dating back to 2012.  Curo’s relationships with several national, multi-location groups have allowed it to establish gaming operations primarily in Illinois and Nebraska. Additionally, these relationships present a pipeline of hundreds of locations in potential new states where distributed gaming could be introduced in the near future.

“Since the very beginning of distributed gaming in Illinois, the partnership between J&J and Curo has resulted in unmatched market leadership and the best service for their customers. We thank the Curo team for their partnership and look forward to growing the business together, as one company, with existing and new partners throughout J&J’s expanding state footprint, “ said J&J Gaming’s CEO, Bob Willenborg.

“I am confident that J&J and Curo, as a combined company, can do more for their customers in terms of service, revenue expansion and success, which is why we feel this combination is the right fit,” said Curo’s CEO, Jeff Hewitt.

The transaction is expected to close in the third quarter of 2025, subject to customary regulatory approvals and closing conditions.

About J&J Gaming

J&J Gaming, including its subsidiaries and affiliates, is the national leader in distributed gaming providing gaming-as-a-service to locations such restaurants, bars, taverns, convenience stores, truck stops and grocery stores in various regulated jurisdictions.

The company operates more than 28,000 machines in approximately 3,700 locations across Illinois, Nevada, Montana, Nebraska, Iowa and Pennsylvania. To learn more about J&J Gaming, visit our website at www.jjgaming.com.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $203 billion in assets under management as of March 31, 2025. The firm emphasizes an opportunistic, value­ oriented, and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,100 employees and offices in 20 cities worldwide. For additional information, please visit Oaktree’s website at www.oaktreecapital.com.