Igaming supplier Stakelogic is set to be acquired by Sega Sammy Creation for €130m in a move Stakelogic CEO Stephan van den Oetelaar said will help the company’s international operations grow “much faster.”
Van den Oetelaar will continue in his role after the transition, which is expected to complete by the second quarter of 2025.
He said: “The regulated igaming market will double in size in the upcoming years. As part of Sega Sammy, we will have the execution power to become one of the leading players in the igaming B2B industry.”
Sega Sammy’s senior executive vice president and group chief financial officer, Koichi Fukazawa, said: “Sega Sammy Group aims to establish a presence as a creative B2B solution provider based on innovative technology, especially in the North American online gaming market.
“We are confident that Stakelogic's ability to rapidly develop and provide unique, high-quality gaming content will make a significant contribution to the implementation of our strategy and create excellent synergies through combining with the strengths of our group.”
The €130m deal also contains an earnout payment subject to certain performance measures being met, which were not disclosed.
The transaction “transaction combines Stakelogic’s catalogue of highly popular online slot games, live casino studio capabilities, fast-growing hybrid game offering and in-house game development factory with Sega Sammy’s global distribution platform,” a statement added.
