New York-listed Light & Wonder has acquired a 20 per cent equity stake in London-based slot studio Bang Bang Games.
Bang Bang is currently live in a number of European markets and has a growing presence in North America via Light & Wonder’s aggregation platform.
“We’re incredibly pleased to welcome Bang Bang as a partner,” said Stuart Banks, managing director of global partnerships at Light & Wonder. “They’re a talented team with a proven track record and an exciting and engaging vision.
“This investment is a great example of how we support studios through the Light & Wonder Spark program – helping them grow, scale, and succeed on a global stage.”
Bang Bang CEO Frank McPolin commented: “We’re incredibly proud to take this next step in our journey with Light & Wonder. Being part of the Light & Wonder Spark program has already opened up fantastic opportunities for us, and this investment is a strong endorsement of the work we’re doing.
“With Light & Wonder’s support, we’re in a great position to build on that momentum, grow our reach, and deliver even more bold, creative content to players globally.”
Shares in Light & Wonder Inc (NASDAQ:LNW) closed 2.49 per cent lower at $78.36 per share in New York Wednesday.