Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)
stakelogic-announces-definitive-agreement-to-be-acquired-by-japanese-entertainment-conglomerate-sega-sammy stakelogic-announces-definitive-agreement-to-be-acquired-by-japanese-entertainment-conglomerate-sega-sammy

Aquisitions/Mergers

Stakelogic announces definitive agreement to be acquired by Japanese entertainment conglomerate SEGA SAMMY

Published

on

Reading Time: 2 minutes

 

Stakelogic B.V., a technology-driven, fast growing Dutch game developer announced its agreement to sell 100% of its equity shares to Japanese entertainment conglomerate, SEGA SAMMY HOLDINGS INC. through SEGA SAMMY CREATION INC. , a wholly owned subsidiary of SEGA SAMMY HOLDINGS for an upfront enterprise value of €130MM and an earnout payment subject to certain performance measures being met.

The 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.

Stakelogic CEO Stephan van den Oetelaar will continue his leadership role after the acquisition.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Stephan van den Oetelaar, CEO of Stakelogic commented: “Sega Sammy and Stakelogic share the same passion for online entertainment, innovation and technology. Together with Sega Sammy, Stakelogic will be able to grow its international operations much faster. 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.”

Koichi Fukazawa, Senior Executive Vice President and Group CFO of SEGA SAMMY stated: “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. I am very pleased to announce our alliance with Stakelogic, an innovative and leading content provider in the Dutch gaming market, as a crucial part of executing this strategy. 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.”

Approvals and Timing

The sale is subject to the receipt of regulatory approvals in relevant jurisdictions, and the satisfaction of other customary conditions. It is expected to close by the second quarter of the calendar year 2025.

The post Stakelogic announces definitive agreement to be acquired by Japanese entertainment conglomerate SEGA SAMMY appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Aquisitions/Mergers

NOVOMATIC sets milestone for international growth with planned acquisition of French Vikings Casinos Group

Published

on

novomatic-sets-milestone-for-international-growth-with-planned-acquisition-of-french-vikings-casinos-group
Reading Time: < 1 minute

 

NOVOMATIC AG signed an agreement to acquire the French casino group Vikings Casinos SAS, subject to certain conditions such as regulatory approvals.

With this strategic move, NOVOMATIC continues its international growth strategy in the French market and significantly expands its portfolio in one of the largest gaming regions in Europe. The Vikings Casinos Group, based in Falaise, is one of the leading French casino chains, operating more than 10 live gaming casinos throughout France, including on the Côte d’Azur.

With the acquisition of Vikings Casinos, we are consistently pursuing our international growth strategy and strengthening our position as a leading provider in the European gaming market. With this step, we have successfully laid the foundation for further sustainable growth in France” explains Stefan Krenn, Executive Board Member of NOVOMATIC AG.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The acquisition by NOVOMATIC opens up new opportunities for growth and further development. We are confident that the integration into such an experienced and successful company as NOVOMATIC will help us to further strengthen our position on the French market. This change will enable us to work even more efficiently and benefit from the resources and expertise of the new owner” emphasizes Luc Le Borgne, CEO of Vikings Casinos SAS.

The post NOVOMATIC sets milestone for international growth with planned acquisition of French Vikings Casinos Group appeared first on European Gaming Industry News.

Continue Reading

Aquisitions/Mergers

PolarLotto Acquires Competitor and Strengthens Market Position

Published

on

polarlotto-acquires-competitor-and-strengthens-market-position
Reading Time: < 1 minute

 

Polar Group Technologies (PolarLotto), one of Sweden’s leading lottery betting companies, is pleased to announce the acquisition of one of its main competitors, lottoexperten.se, through the purchase of all shares in More Tech Group Ltd.

This deal is a strategic step to further strengthen our position in the Swedish market and enhance the experience for our customers.

With this purchase, we continue our growth journey and reinforce our commitment to oFering attractive and exciting lottery betting products. The two companies combined have over 85,000 registered customers, and we look forward to welcoming all the new customers that now will join us into the PolarLotto group.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“This acquisition is an important step in our development and continued growth,” says Daniel Bessmert, CEO of Polar Group Technologies AB.

“We are proud to combine the best of both companies to create even more value for our customers and partners.”

The post PolarLotto Acquires Competitor and Strengthens Market Position appeared first on European Gaming Industry News.

Continue Reading

Aquisitions/Mergers

ENDEAVOR ANNOUNCES MANAGEMENT BUYOUT OF OPENBET AND IMG ARENA

Published

on

endeavor-announces-management-buyout-of-openbet-and-img-arena
Reading Time: < 1 minute

 

Endeavor Group Holdings, Inc., a global sports and entertainment company, today announced that it has agreed to sell OpenBet and IMG ARENA to OB Global Holdings LLC in a management buyout backed by Ariel Emanuel with participation from executives of OpenBet, including CEO Jordan Levin.
Levin said: “This management buyout allows us to continue executing our vision for increased market expansion and product innovation. Our group is extremely confident in OpenBet’s future considering the premium product offering, superior talent, and solid foundation we already have in place following a strong period of business growth.”
Under the terms of the transaction, OB Global Holdings will acquire the businesses for approximately $450 million, subject to certain adjustments, financed through a mix of cash and debt.
During the sign-to-close period and after closing, Endeavor will continue to market IMG ARENA for sale to a third-party purchaser.
OpenBet powers responsible betting and gaming entertainment for more than 200 market leading operators around the globe. Following close of the transaction, Levin will continue to lead the business as CEO.
The transaction is being pursued, and is a necessary step, for the closing of the proposed Endeavor take-private by Silver Lake. The transaction is subject to customary closing conditions, including approvals required under applicable gaming regulatory authority, and is conditioned on and expected to close immediately prior to the closing of the Endeavor take-private.
Oakvale Capital LLP and The Raine Group acted as financial advisors to Endeavor.

The post ENDEAVOR ANNOUNCES MANAGEMENT BUYOUT OF OPENBET AND IMG ARENA appeared first on European Gaming Industry News.

Continue Reading

Trending