Scientific Games Advances Original iGaming Content Offering and Production Capabilities with Acquisition of ELK Studios
Pairing innovative studio with OpenGaming™ unlocks significant opportunity to distribute top-ranked games in the U.S. market
Scientific Games continues rapid execution of strategic vision
LAS VEGAS – December 1, 2021–Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) has strengthened its original iGaming content offering and production capabilities with the acquisition of ELK Studios, a leading and innovative European games developer. This highly synergistic acquisition of a talented digital content studio marks another important step as the Company rapidly executes its vision to become the leading cross-platform global game company.
ELK Studios is a Stockholm-based developer with a long history of producing carefully crafted games with ground-breaking mathematics, superb artwork and a mobile-first focus. The highly profitable digital studio’s hit releases include Wild Toro II, Katmandu and Cygnus, and its games also feature the innovative X-iter™ tool allowing players to jump into the action through a selection of special predefined modes.
The acquisition is the latest in a string of important, targeted content-focused deals as the Company moves quickly to invest in and grow its presence in digital markets. By adding ELK Studios to its in-house games portfolio, the Company has further bolstered its capacity for creating innovative, engaging iGaming content and will be looking to take ELK’s top-ranked content into the U.S. and Canadian markets while further enhancing its position as a leading content provider in the U.K. and Europe.
“Acquiring ELK Studios demonstrates once again our commitment to make targeted, value enhancing investments designed to advance our cross-platform content capabilities,” said Barry Cottle, President and CEO of Scientific Games. “The ELK Studios team is packed with talent and enhances our existing in-house teams and capabilities. The highly synergistic combination of their top-ranked games and our leading OpenGaming ecosystem offers exciting distribution opportunities in the U.S. and Canada. I am thrilled to welcome them to our team.”
ELK Studios is already live with a wide range of operators through the market leading OpenGaming™ ecosystem, with its titles proving highly popular with key operators across the U.K. and Europe. The studio will continue to work independently to create thrilling new titles, while also benefiting from Scientific Games’ comprehensive range of resources including commercial scale, market expansion, support in U.S. and Canada, game IP and data analytics tools.
Dylan Slaney, CEO iGaming at Scientific Games, said, “We have had a strategic partnership with ELK Studios for a number of years and its games have performed brilliantly across the OpenGaming platform. ELK is one of the most innovative, and top-ranked studios in iGaming. Their passion and enthusiasm for producing games of stand-out quality is infectious. They will play a pivotal role in helping us continue to provide players with even more immersive and engaging experiences.”
Filip Säfbeck at ELK Studios said, “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 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. We have experienced first-hand through our OpenGaming partnership that Scientific Games can take our games to the next level. 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 latest deal by Scientific Games follows recent high-profile iGaming acquisitions of slot developer Lightning Box and premium live casino solutions provider Authentic Gaming.
About Light & Wonder, Inc.
Light & Wonder, Inc. (formerly known as Scientific Games Corporation), is the global leader in cross-platform games and entertainment. Light & Wonder brings together approximately 6,000 employees from six continents to connect content between land-based and digital channels with unmatched technology and distribution. Guided by a culture that values daring teamwork and creativity, the Company builds new worlds of play, developing game experiences loved by players around the globe. Its OpenGaming™ platform powers the largest digital-gaming network in the industry. The Company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more, visit lnw.com.
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