Scientific Games is boosting its iGaming portfolio by acquiring Swedish games developer ELK Studios and distributing its content in Canada and the U.S., as well as continuing to strengthen its position in the UK and Europe.
The studio’s games are already live via Scientific Games’ OpenGaming platform.
Based in Stockholm, Sweden, ELK specialises in mobile games, and has launched titles such as Wild Toro II, Katmandu, and Cygnus. It has also created X-iter, a feature that allows players to engage with a range of predefined game scenarios and modes.
Following the acquisition, it will continue to develop new content independently, albeit with the added benefits of Scientific Games’ scale and reach, game IP, and data analytics.
“Acquiring ELK Studios demonstrates once again our commitment to make targeted, value enhancing investments designed to advance our cross-platform content capabilities,” Scientific Games’ president and chief executive Barry Cottle said in a release. “The highly synergistic combination of their top-ranked games and our leading OpenGaming ecosystem offers exciting distribution opportunities in the U.S. and Canada.”
“We see it as the perfect time to join the Scientific Games team, given that our ambitions to grow through innovation and into the U.S. and Canada are in total alignment,” added ELK chief executive Filip Säfbeck. “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.”
The acquisition is the latest in a line of Scientific Games deals in recent months as it looks to expand its digital and iGaming portfolio and cement its market position. The company recently agreed to purchase live dealer specialist Authentic Gaming, marking its first foray into the vertical, and it also added gaming content studio Lightning Box in August.
That’s all part of Scientific Games’ strategy after it sold its lottery business to Canadian investment firm Brookfield Business Partners and divested its OpenBet sports betting business to IMG owner Endeavor in September, in order to shift towards operating as a pure gaming business.