Scientific Games will strengthen its igaming content portfolio with the acquisition of Swedish game developer Elk Studios.
The gaming solutions giant will now look to roll out Elk’s content in the North American market, while continuing to strengthen its position in the UK and Europe.
Terms of the deal were not disclosed.
Based in Stockholm, Sweden, Elk specializes in mobile games and has launched titles such as Wild Toro II, Katmandu and Cygnus. He also created X-iter, a feature that allows players to engage in a range of predefined scenarios and game modes.
The studio’s games are already live through Scientific Games’ OpenGaming aggregation platform. After the acquisition, it will continue to develop new content independently, but will benefit from its new owner’s resources such as commercial scale, market reach, games IP and data analytics.
“The acquisition of Elk Studios once again demonstrates our commitment to making targeted, value-added investments designed to advance our multiplatform content capabilities,” commented Scientific Games President and CEO Barry Cottle. .
Cottle said Elk’s team was “full of talent” and would enhance Scientific Games’ existing internal capabilities.
“The highly synergistic combination of their top-ranked games and our premier OpenGaming ecosystem provides exciting distribution opportunities in the United States and Canada,” he added.
Elk Managing Director Filip Säfbeck described the acquisition of the studio as “the result of many years of hard work by a team fully committed to creating high quality online gaming experiences.” “We consider this the perfect time to join the Science Games team, given that our ambitions for growth through innovation and in the United States and Canada are perfectly aligned,” he explained. .
“This acquisition provides us with a solid foundation to bring a wide range of exciting new slot machines to market more easily than ever to online casino partners around the world.”
The deal comes from Scientific Games after making deals to acquire live dealer specialist Authentic Gaming, marking the company’s first foray into the vertical, in addition to its purchase of game content studio Lightning Box in August for support its growth strategy focused on games.
Scientific Games announced in August the sale of its lottery business to Brookfield Business Partners and sold its OpenBet sports betting business to the owner of IMG Endeavor in September, in order to transition to a pure gambling business.