Scientific Games Finalizes Elk Studios Purchase

American betting group Scientific Games has announced that they've finalized their acquisition of Elk Studios and will now integrate the developer's operations into its umbrella moving forward.

The purchase will see Scientific Games working to get Elk Studios content into the US and Canadian online gaming markets, while continuing to expand the brand throughout the EU and UK. The Swedish company is known for its slot games like Book of Toro, Dream Fever, and Diablo Reels. The company is slated to launch its newest game, Stars of Orion, later this month.

The cash consideration paid for the company hasn't been made publicly available.

Commenting on the finalization, Scientific Games CEO Barry Cottle said, "Acquiring Elk Studios demonstrates once again our commitment to make targeted, value enhancing investments designed to advance our cross-platform content capabilities.

"The highly synergistic combination of their top-ranked games and our leading OpenGaming ecosystem offers exciting distribution opportunities in the US and Canada."

Elk Studios CEO Filip Safbeck also commented, noting: "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."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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3 December 2021 - 2:10pm

Oh those are some interesting news, looks like it's definitely an ongoing trend for companies to purchase one another.

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