Lady Luck Games, a Swedish slots developer, is preparing to buy Spigo ApS’s Danish assets.
After agreeing on a purchase price that includes cash and freshly issued shares, the studio signed a letter of intent, with the transaction expected to close before the end of September.
Spigo’s casino games and eight client integrations are included in the deal, including two with Danske Spil’s two most major B2C brands, Spillehjrnet and Tivoli Casino.
Casino games with a strong track record
Mads V. Jrgensen, co-founder and CEO of Lady Luck Games said: “We are adding casino games with a strong track record and several years of continuous growth to our already strong product portfolio, together with an important technical aggregation platform.”
Spigo Station, the supplier’s Denmark-certified platform, and Spigo SDK, its technological solution for faster game creation, are both included in the agreement.
Kasper Kau, founder of the Danish Spigo ApS said: “We have been looking for a partner for a long time to take Spigo to the next level and now we have finally found the perfect match. We felt that Lady Luck Games respected our history while sharing a long-term vision.
“We are convinced that this will give us the right conditions to develop Spigo further and see great potential synergies where Lady Luck Games’ slots will add value for our existing customers while strengthening our commercial position.
“We look forward to an enormously exciting journey together with Mads and Lady Luck Games’ strong team.”
Along with the company’s three game creators, Kau will continue in his new role as director of business development.
“We are very happy and proud that Kasper and his team have chosen to continue in the business, and it is an honour to welcome them to LL Lucky Games. Most important of all, the deal entails a direct integration to Danske Spil where we get the opportunity to take over an existing business relationship,” added Jørgensen.