7moon262018, Netherlands Live Casino SupplierStakelogicAnnounced a partnership with Japanese entertainment groupSega Sammy Holdingsreached an agreement through its subsidiarySega Sammy CreationSell all its shares.
The initial value of this acquisition was1.3100 million euros (approximately3.25One hundred million U.S. dollars).
This transaction will beStakelogiconline slots portfolio, live casino studio capabilities, hybrid game offerings and in-house game development capabilities,Sega Sammycombined with a global distribution platform.
StakelogicChief Executive OfficerStephan van den OetelaarHe will continue to serve as the head of the company after the acquisition.
Van den OetelaarI said: "Sega SammyandStakelogicShared passion for online entertainment, innovation and technology.Sega Sammycooperate,Stakelogicwill be able to expand its international business more quickly.iGamingThe market is expected to double in the next few years.Sega Sammypart of which we will have becomeiGaming B2BIndustry-leading execution capabilities.”
Sega SammySenior Executive Vice President and Group Chief Financial OfficerKoichi FukazawaCommented: “I am very happy withStakelogicPartnering with , an innovative and leading content provider in the Dutch gaming market, is a key part of executing this strategy.StakelogicThe ability to quickly develop and deliver unique, high-quality gaming content will make a significant contribution to the implementation of our strategy and create excellent synergies by combining the strengths of our Group.”
