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UPDATED ON: by James Worden

ELK Studios has been AcquiredAs the ink on another big-name acquisition dries, shockwaves have echoed the industry, following the unanticipated purchase of ELK Studios, by SG Digital.

The agreement expands SG's content portfolio while opening up the possibility of supplying ELK's games in the lucrative US market.

ELK Studios, based in Stockholm, has a solid track record for producing highly creative, gorgeous slots that are powered by impressive math and unique features.

Recent successes include the trio of Wild Toro slots, their gravity range, and the massively popular Gold series, which is centred on the well-travelled adventurer Kane and his energetic reel shenanigans.

ELK's line-up managed to draw SG Digital in, and the deal will boost the company's reputation for developing cutting-edge iGaming entertainment. ELK's games, which are already very popular with gamers are already ripe for growth into more parts of the world, like the lucrative North American gaming markets.

Barry Cottle, President and CEO of SG stated: ‘The ELK Studios team is packed with talent and enhances our existing in-house teams and capabilities. The highly synergistic combination of their top-ranked games and our leading OpenGaming ecosystem offers exciting distribution opportunities in the U.S. and Canada. I am thrilled to welcome them to our team.’

ELK’s CEO Filip Säfbeck commented that ‘This deal is the fruit of many years of hard work by a team that is fully committed to crafting high-quality online gaming experiences. We see it as the perfect time to join the Scientific Games team, given that our ambitions to grow through innovation and into the U.S. and Canada are in total alignment. We have experienced first-hand through our OpenGaming partnership that Scientific Games can take our games to the next level.’

The ELK buyout comes on the heels of SG's recent acquisitions of live casino provider Authentic Gaming as well as Australian slot creator Lightning Box.