Scientific Games acquires Swedish slot provider ELK Studios

Shortly before Christmas, the US slot machine manufacturer Scientific Games is still in a buying frenzy and has now announced the acquisition of the legendary ELK Studios from Sweden. In addition to the future release of all slots of the new subsidiary in the USA and Canada, it is also planned to strengthen the position of the developer in continental Europe and the UK. With the purchase of ELK Studios, Scientific Games has already acquired three well-known manufacturers of slot machines and providers of live casino games from Europe and Australia in the last six months alone.

ELK Studios is already the third online casino developer acquired from Scientific Games this year

At the latest when Scientific Games sold its entire lotto division for an incredible 6 billion US dollars last October, one thing was clear even to the last analysts. This sale and the previous sale of the company’s own sports betting division and the associated OpenBet platform for around 1.2 billion US dollars will change the market for online casino suppliers in the long term. The combined total of around 7.2 billion US dollars has not only reduced the gambling company’s debt in one fell swoop, but has also provided enormous financial resources for numerous strategic acquisitions.

In fact, Scientific Games did not wait long and has now already made its third acquisition since August 2021 with the announced purchase of ELK Studios from Sweden. All three of them concerned the business field with online casinos, which in the future will be the most important field within the group next to the slot machines for terrestrial casinos. The announcement of wanting to become the world’s most important slot machine manufacturer online as well as offline is thus quickly followed by Scientific Games.

How much the gaming group will pay for the takeover of the renowned ELK Studios, however, is once again not disclosed by the US company. Therefore, only the next annual balance sheet will provide a more precise insight into the volume of investments made so far. Already at the beginning of August 2021, Scientific Games has surprised with the takeover of the well-known slot machine manufacturer Lightning Box from Sydney in Australia and a little later in early November, the purchase of Authentic Gaming followed. For both deals, the US-Americans did not publish any figures on the purchase price until today.

Well-known slot games from ELK Studios:

Toro:

Adventure:

  • Zulu Gold
  • Katmandu Gold
  • Crusader
  • Valkyrie

Fun:

  • Nitropolis 2
  • Visiters
  • Reespin Circus
  • Platooners

Classic:

  • Tropi Cool
  • Joker Gems
  • Vegas Dikamonds
  • Miss Wildfire

An award-winning slot machine creator

ELK Studios is an important step into the future for Scientific Games in many ways, and is hugely important in achieving its ambitious goals. The Swedish developer is bursting with creativity and has earned an excellent reputation among online casinos and their customers over the years. In addition, ELK Studios now owns a brand with the bull Toro, which definitely has a certain degree of recognition among the roller games. No wonder that the slot Wild Toro, the casino game of the year 2016 at the prestigious EGR Operator Awards, was given a successor for its fifth anniversary last October.

Wild Toro 2 also quickly turned out to be a customer favourite, and the new Book of Toro from November is currently storming the in-house charts in many online casino lobbies. But not only purely in the slot machines will allow ELK Studios Scientific Games new opportunities in their portfolio of its own online casino software OpenGaming for the U.S. and Canada. The Swedes have another groundbreaking development to offer in the form of X-iter, which is likely to have an enormous influence on the entire gaming industry in the long term. This tool allows the customer to use different types of game modes on a slot at any time. These can be multipliers, a free spins mode or even a respin function whenever the customer wants. This is a first-time personalization of the game mechanics on slot machines, which is likely to attract imitators very quickly. The gaming industry was so enthusiastic about X-iter that ELK Studios rightly received the award for the best innovation of the year 2021 at the last 5 Starlet Awards in Malta.

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