Swedish slots developer LL Lucky Games, otherwise known as Lady Luck Games, has hailed its “position as a truly independent gaming studio” with the acquisition of ReelNRG for SEK 8

Swedish slots developer LL Lucky Games, otherwise known as noblewoman Luck Games, has hailed its “position as a genuinely independent gaming studio” with the acquisition of ReelNRG for SEK 8.25m ($871,872).

The Stockholm-based companionship has officially declared its designs on ReelNRG, a games studio headquartered inward London, past signing a letter of intent.

Both parties experience in agreement(p) on the purchase price, which will comprise of 2.5 million newly issued shares in a set-off egress carried come out at a divvy up cost of SEK 3.3. They specify to lead this transaction inward April following the usual due diligence procedures.

“Getting LL Lucky Games as the unexampled owner of ReelNRG marks an important young commence for us,” said Melvin Calvin Kent, CEO of ReelNRG.

“The additional financial backing from LL Lucky Games testament land us plump for stronger than of all time and enable an improved obstetrical delivery of our amusement packages to our clients and their customers.”

Through this acquisition, LL Lucky Games testament append 46 young titles to its portfolio, and secure tonality licences in both Malta and the UK.

ReelNRG currently has ix employees, ogdoad of which are developers set inwards India. Following its acquisition by LL Lucky Games, it testament persist in to control independently.

Mads V. Jørgensen, CEO of LL Lucky Games, commented: “Through the acquisition of ReelNRG, we secure of import client integrations and licences for the LL portfolio.

“As a merged company, we lead o'er 100 games and will live able to do good greatly from both the commercial synergies via cross-selling and also on the cost side.

“This is a liberal stone's throw for LL Lucky Games, which further consolidates our spatial relation as a truly main(a) gaming studio with a direction on the regulated markets.”

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