Scientific Games has continued its expansion in the igaming sphere with the acquisition of ELK Studios, a European games developer.
SG said ELK Studios is a Stockholm-based developer with a long history of producing carefully crafted games with ground-breaking mathematics, superb artwork and a mobile-first focus. The highly profitable digital studio’s hit releases include Wild Toro II, Katmandu and Cygnus, and its games also feature the innovative X-iter tool allowing players to jump into the action through a selection of special predefined modes.
The acquisition is the latest in a string of targeted content-focused deals as SG seeks to grow its presence in digital markets. It gave no details on price.
“Acquiring ELK Studios demonstrates once again our commitment to make targeted, value enhancing investments designed to advance our cross-platform content capabilities,” said Barry Cottle, President and CEO of Scientific Games. “The ELK Studios team is packed with talent and enhances our existing in-house teams and capabilities. The highly synergistic combination of their top-ranked games and our leading OpenGaming ecosystem offers exciting distribution opportunities in the U.S. and Canada. I am thrilled to welcome them to our team.”
ELK Studios is already live with a wide range of operators through the market leading OpenGaming ecosystem, with its titles proving highly popular with key operators across the U.K. and Europe. The studio will continue to work independently to create thrilling new titles, while also benefiting from Scientific Games’ comprehensive range of resources including commercial scale, market expansion, support in U.S. and Canada, game IP and data analytics tools.
The latest deal by Scientific Games follows recent high-profile iGaming acquisitions of slot developer Lightning Box and premium live casino solutions provider Authentic Gaming.