Sega Sammy Creation has completed its acquisition of igaming supplier Stakelogic.
The €130m share and purchase agreement with Triple Bells, Stakelogic’s parent company, was announced last July. Sega Sammy’s senior executive vice president and group chief financial officer, Koichi Fukazawa, said the supplier would make a “significant contribution” to the company’s future ambitions.
However, earlier this year, Sega Sammy raised regulatory concerns over aspects of Stakelogic’s operations, which were rejected by a Dutch court.
The Amsterdam District Court’s ruling meant Sega Sammy was ordered to continue with its deal for the games developer.
“Joining forces with Sega Sammy Creation opens a new chapter for our organisation,” said Stephan van den Oetelaar, CEO at Stakelogic.
“We have always believed our studio could reach even greater heights, and the great synergy between our teams is already driving new ideas that will benefit operators and players around the globe.”
Fukazawa added: “Stakelogic’s relentless drive for innovation perfectly complements our long-term strategy to deliver world-class entertainment experiences.”
The concerns raised by Sega Sammy included breaches of online gambling regulations in Japan and Turkey by Stakelogic.
