26 July 2024
Stakelogic B.V. (“Stakelogic” or the “Company”), a technology-driven, fast growing Dutch game developer announced its agreement to sell 100% of its equity shares to Japanese entertainment conglomerate, SEGA SAMMY HOLDINGS INC. (“SEGA SAMMY HOLDINGS”) through SEGA SAMMY CREATION INC. (“SEGA SAMMY CREATION”), a wholly owned subsidiary of SEGA SAMMY HOLDINGS for an upfront enterprise value of €130MM and an earnout payment subject to certain performance measures being met.
The transaction combines Stakelogic’s catalogue of highly popular online slot games, live casino studio capabilities, fast-growing hybrid game offering, and in-house game development factory with Sega Sammy’s global distribution platform.
Stakelogic CEO Stephan van den Oetelaar will continue his leadership role after the acquisition.
Stephan van den Oetelaar, CEO of Stakelogic commented:
“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”.
Koichi Fukazawa, Senior Executive Vice President and Group CFO of SEGA SAMMY stated:
“SEGA SAMMY Group aims to establish a presence as a creative B2B solution provider based on innovative technology, especially in the North American online gaming market. 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”.
Approvals and Timing
The sale is subject to the receipt of regulatory approvals in relevant jurisdictions, and the satisfaction of other customary conditions. It is expected to close by the second quarter of the calendar year 2025.