Lady Luck Games will pay a mix of cash and shares for the Denmark-facing content provider.
Sweden.- Slot developer Lady Luck Games has signed a letter of intent for its acquisition of gaming content provider Spigo ApS, which focuses on the Danish market.
It will pay an undisclosed sum in cash and newly issued shares in a deal that’s expected to close by the end of the month.
Lady Luck will gain 27 casino games and eight customer integrations, including with Danske Spil’s Spillehørnet and Tivoli Casino B2C brands, plus the Denmark-certified platform Spigo Station and the accelerated game development solution Spigo SDK.
Spigo founder and majority owner Kasper Kau will become director of business development.
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Lady Luck Games co-founder and chief executive Mads Jørgensen said: “This is a strategic acquisition for the company; it will give us important revenues, open up new revenue opportunities and improve our profitability.
“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.”
Kau 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.”