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Stakelogic Acquired by SEGA SAMMY for €130 Million to Boost iGaming Presence

Posted on July 29, 2024 | 8:03 am
Stakelogic-announces-definitive-agreement-to-be-acquired-by-Japanese-entertainment-conglomerate-SEGA-SAMMY_

In a significant move in the gaming industry, Stakelogic B.V., a prominent Dutch game developer, has announced a definitive agreement for its acquisition by Japanese entertainment conglomerate SEGA SAMMY HOLDINGS INC. This transaction, facilitated through SEGA SAMMY’s wholly owned subsidiary SEGA SAMMY CREATION INC., involves an upfront enterprise value of €130 million, along with additional earnout payments contingent upon achieving specific performance targets.

The acquisition marks a pivotal merger of Stakelogic’s extensive portfolio, which includes popular online slot games, live casino capabilities, and innovative hybrid game offerings, with SEGA SAMMY’s robust global distribution platform. This strategic move is set to significantly enhance Stakelogic’s growth potential on a global scale, particularly in the rapidly expanding regulated iGaming market.

Stakelogic’s CEO, Stephan van den Oetelaar, expressed enthusiasm about the merger, highlighting the shared commitment to innovation and technology between the two companies. “Together with Sega Sammy, Stakelogic will be able to grow its international operations much faster,” van den Oetelaar stated. He emphasized the potential for Stakelogic to become a leader in the B2B iGaming industry under the expansive umbrella of SEGA SAMMY.

From SEGA SAMMY’s perspective, Koichi Fukazawa, Senior Executive Vice President and Group CFO, remarked on the strategic importance of this acquisition. “SEGA SAMMY Group aims to establish a presence as a creative B2B solution provider in the North American online gaming market,” Fukazawa noted. He is confident that Stakelogic’s innovative gaming solutions will complement SEGA SAMMY’s technology and content offerings, creating substantial synergies across their entertainment and gaming operations.

The transaction is set to close by the second quarter of 2025, pending regulatory approvals and the fulfillment of other customary conditions. This timeline reflects the detailed planning and compliance measures both entities are undertaking to ensure a smooth integration.

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More About the two Companies

SEGA SAMMY HOLDINGS encompasses a wide range of entertainment solutions, including consumer and arcade game content, animation, and toys, as well as operations in the pachinko and pachislot machine business and casino gaming products. SEGA SAMMY CREATION, specifically, focuses on developing, manufacturing, and distributing both land-based and online/social casino gaming products.

Since its establishment in 2016, Stakelogic has quickly risen in the iGaming sector, launching its first live casino studio in Malta in 2021. Under the leadership of industry veteran Richard Walker, Stakelogic Live has expanded its live casino offerings and formed significant partnerships with key players in the casino and gaming industry, including Relax Gaming and EveryMatrix.

Source:

, stakelogic.com, July 26, 2024.

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