Stockholm-listed casino games provider Hacksaw Gaming has acquired a minority stake in UK-based games developer Kitsune Studios.
The investment deepens Hacksaw’s existing partnership with Kitsune, which is a studio partner of Hacksaw’s OpenRGS platform.
Kitsune is currently live with three online slot games and a fourth is set to launch next month.
The investment agreement also gives Hacksaw the option to increase its stake in Kitsune Studios over time.
“Evolving our relationships with promising studios is a core strategy of Hacksaw, and we look forward to working more closely with the talented team at Kitsune Studios,” said Marcus Cordes, operational CEO of Hacksaw Gaming.
Phillip Douglas, CEO and founder of Kitsune Studios, commented: “This partnership marks a major milestone for Kitsune Studios. Hacksaw Gaming’s investment reflects a shared belief in our vision, our creativity, and the future we’re building together.
“With their support, we’re moving faster, thinking bigger, and creating games with even more flair, personality and punch – the Kitsune way.”
The investment caps a busy few weeks for Hacksaw, which has recently launched its games with Caesars Entertainment in Pennsylvania, betOcean in New Jersey, and Betnacional and Esportes da Sorte in Brazil.
Shares in Hacksaw AB (STO:HACK) closed 1.36 per cent higher at SEK68.04 per share in Stockholm Thursday.