Japanese video gaming extensive Sega Sammy has announced the €130m acquisition of Netherlands-primarily based igaming platform Stakelogic to bolster its rising playing portfolio.
The neighborhood said it intends to make consume of Stakelogic’s in-house live casino and slots applied sciences to toughen its GAN platform and develop bigger its US igaming presence.
Within the US Stakelogic has licences in Rhode Island, Michigan and Pennsylvania.
Constructing its playing commerce used to be a key priority for SEGA Sammy in 2024, the company said in Could moreover unbiased. Six months prior (November 2023) it struck a definitive agreement to originate GAN for roughly $107.6m, with an gape on the US igaming market.
The neighborhood’s entry into playing started with an integrated resort (IR) through a joint enterprise with the Paradise Group of South Korea.
Stakelogic video games to “toughen competitiveness” of GAN’s platform
In a press originate on the deal Sega Sammy said the acquisition would extra toughen the competitiveness of GAN’s B2B platform and inspire its on-line aspirations.
“Stakelogic’s strength lies within the vogue of igaming enlighten, a market we’re focusing on,” it said.
It also highlighted its rising market fragment at some level of Europe. The combination of that technology and enlighten with Sega Sammy’s existing land-primarily based commerce would “contribute severely to the growth of our gaming commerce” it said.
Stakelogic chief executive Stephan van den Oetelaar said, for his commerce, the acquisition accelerated its enhance trajectory.
“The regulated igaming market will double in size within the upcoming years and, as part of Sega Sammy, we are in a position to just like the execution energy to alter into one of many main gamers within the igaming B2B industry,” he defined.
The acquisition is expected to terminate in Q1 2026, at which level Sega Sammy will like 100% of Stakelogic’s shares.
Source: iGamingBusiness
