Scientific Games has further strengthened its already strong position in the iGaming sector with the acquisition of Stockholm based developer, ELK Studios.
ELK Studios has a track record of producing mobile-first focused games and will benefit from vast Scientific Games resources such as market expansion, business muscle, support in North America, intellectual property and data analytics tools. ELK will also work independently on new game titles of its own.
This acquisition increases Scientific Games’ content development capacity and the roadmap is for ELK Studios to enter both the US and Canadian markets, whilst enhancing its position in the UK and Europe.
Barry Cottle, President & CEO of Scientific Games, commented: “Acquiring ELK Studios demonstrates once again our commitment to make targeted, value-enhancing investments designed to advance our cross-platform content capabilities. The ELK Studios team is packed with talent and enhances our existing in-house teams and capabilities.”
Filip Säfbeck, CEO of ELK Studios, added: “This deal is the fruit of many years of hard work by a team that is fully committed to crafting high-quality online gaming experiences. We see this as the perfect time to join the Scientific Games team, given that our ambitions to grow through innovation and into the US and Canada are in total alignment. This acquisition offers us a solid base to bring to market a wide range of exciting new slots more smoothly than ever to online casino partners across the globe.”