Japanese video gaming giant Sega Sammy is acquiring Dutch iGaming platform Stakelogic for around $140 million to bolster its growing U.S. operations.
The deal will combine Stakelogic’s portfolio of online slot games, live casino studio offerings, hybrid and in-house game development with Sega Sammy’s global distribution platform.
Sega Sammy said it intends to use Stakelogic’s in-house live casino and slots technologies to enhance its GAN platform and expand its American iGaming presence.
In a release, Sega Sammy said the acquisition will boost its competitive further enhance the competitiveness of GAN’s B2B platform and further its online aspirations. The company acquired GAN, which operates in the U.S. as a B2B platform provider for casino operators, in November 2023 for around $108 million. At the time, it emphasized its intentions to enter the U.S. online gaming market.
Stakelogic will help with those aspirations, as it is licensed in Rhode Island, Michigan and Pennsylvania.
“Stakelogic’s strength lies in the development of iGaming content, a market we are targeting,” added Sega Sammy. Combined with a growing market share across Europe and its existing land-based business, the firm hopes it is well positioned for growth on all fronts.
“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,” said Stakelogic CEO Stephan van den Oetelaar, who will lead the company after the acquisition.
“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 transaction is expected to close by the second quarter of 2025, at which point Sega Sammy will own 100% of Stakelogic’s shares.
