Sega Sammy Holdings to Purchase Stakelogic

Japanese gaming company Sega Sammy Holdings announced that it has come to terms on a purchase agreement with casino game development group Stakelogic for $325 million.

The agreement will see Stakelogic falling into Sega Sammy's orbit. Stakelogic develops and distributes online slots, live dealer games, and provides in-house game design. These services will be complemented by Sega Sammy's distribution to casino entities throughout the globe. The purchase is valued at $325 million in cash upfront, with additional payments possible if certain performance goals are met.

Stakelogic's management team will remain in place, as CEO Stephan van den Oetelaar will remain in his role.

While widely known for its video game business, Sega Sammy also holds a notable stake in the land casino game industry. The group distributes slots and other games around the world and also has a heavy presence in the pachinko machine business in its native Japan.

This is the third large purchase in the online gaming industry in the past two days, as yesterday Standard General agreed to purchase Bally's for $4.6 billion and earlier today we reported that Apollo Funding is purchasing IGT's gambling business for $6.3 billion.

Regarding the deal, Sega Sammy Group CFO Koichi Fukazawa said: "I am very pleased to announce our alliance with Stakelogic, an innovative and leading content provider in the Dutch gaming market, as a crucial part of executing this strategy. We are confident that Stakelogic's ability to rapidly develop and provide unique, high-quality gaming content will make a significant contribution to the implementation of our strategy and create excellent synergies through combining with the strengths of our group."

Stakelogic CEO Stephan van den Oetelaar added: "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, we will have the execution power to become one of the leading players in the iGaming B2B industry."

The purchase is subject to regulatory approvals and is expected to close early in 2025.

Casino Listings News will be following the purchase and update readers as appropriate.