Stakelogic, a Dutch live casino supplier, has announced an agreement to sell 100% of its equity shares. The buyer is Sega Sammy Holdings, a Japanese entertainment conglomerate. This will be through Sega Sammy Creation, its subsidiary.
The purchase is valued at €130 million or $140.8 million up front. It has an additional earnout payments contingent on certain performance measures.
The agreement will combine portfolio of online slot games, live casino studio capabilities, hybrid game offerings and in-house game development of Stakelogic with global distribution platform of Sega Sammy.
CEO of Stakelogic, Stephan van den Oetelaar, will continue to lead the company post-acquisition.
Van den Oetelaar himself said that 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, they will have the execution power to become one of the leading players in the iGaming B2B industry.
Senior EVP and Group CFO Koichi Fukazawa commented that he is very pleased to announce their alliance with Stakelogic. He noted that Stakelogic is an innovative and leading content provider in the Dutch gaming market. This partnership is a crucial part of executing their strategy.
They are confident in Stakelogic’s ability to rapidly develop and provide unique, high-quality gaming content. Fukazawa believes this will significantly contribute to their strategy. Additionally, he expects excellent synergies by combining Stakelogic’s strengths with those of their group.
The sale is subject to regulatory approvals in relevant jurisdictions and other customary conditions. They expect the transaction to close by the second quarter of next year.
In early July, Stakelogic collaborated with Hardrockcasino.nl to provide its complete suite of online slots and live casino games.
