Japanese gaming supplier Sega Sammy Creation has completed the acquisition of online casino games and live dealer provider Stakelogic.
Completion of the €125 million deal follows a recent ruling by the Netherlands Commercial Court (NCC) to settle a dispute between the two parties on how the share purchase agreement (SPA), signed last July, was construed.
“Joining forces with Sega Sammy Creation opens a new chapter for our organisation,” said Stakelogic CEO Stephan van den Oetelaar. “We have always believed our studio could reach even greater heights, and the great synergy between our teams is already driving new ideas that will benefit operators and players around the globe.”
Sega Sammy senior executive vice president and group chief financial officer Koichi Fukazawa added: “Stakelogic’s relentless drive for innovation perfectly complements our long-term strategy to deliver world-class entertainment experiences. Together, we will leverage our shared technology, talent and market expertise to create value that neither company could have achieved alone.”
Sega Sammy is also nearing completion of its acquisition of iGaming platform provider GAN.
Shares in Sega Sammy Holdings Inc (T.6460) closed 6.29 per cent higher at JPY2,992.50 per share in Tokyo earlier Wednesday.