The terms of the agreement are undisclosed, however, it has been confirmed that the purchase price includes cash and newly issued shares.
The deal consists of 27 casino games from Spigo as well as eight customer integrations, including two with Danske Spil’s Spillehørnet and Tivoli Casino B2C brands.
The agreement also includes the Denmark-certified platform, Spigo Station, and Spigo SDK, which is a technical solution for accelerated game development.
Lady Luck Games expects the transaction to be completed by the end of September.
“This strategic acquisition will provide us with important revenues, open new opportunities for revenue, and enhance our profitability,” said Mads Jørgensen, the co-founder and CEO of Lady Luck Games.
“In addition to strengthening our product portfolio, we are adding casino games with a proven track record of continuous growth. The inclusion of Spigo’s technical aggregation platform is also significant,” Jørgensen added.
Following the acquisition, Kasper Kau, the founder and majority owner of Spigo, will assume the role of Director of Business Development. He will be joined by Spigo’s three experienced game developers.
Kau stated, “We have been searching for a partner to take Spigo to the next level and we have finally found the perfect match with Lady Luck Games. They respect our history and share our long-term vision.”
Kau also highlighted the potential synergies between the two companies, stating, “We believe that Lady Luck Games’ slots will add value for our existing customers while strengthening our commercial position. This will provide us with the right conditions to further develop Spigo and unlock its great potential.”
