iGaming solutions provider Bragg Gaming Group has signed a purchase agreement for Nevada-based casino game developer Wild Streak Gaming in a deal worth approximately $30 million (€24.6 million).
Wild Streak Gaming (WSG) has a portfolio of 39 premium casino slot titles that feature online and in land-based casinos.
The cash and stock transaction covered Bragg's purchase of WSG's outstanding membership interests. The deal closed with WSG owners receiving $10 million (€8.2 million) in cash and stock worth $20 million (€16.4 million) over the next three years.
Braggs is currently expanding and purchased Spin Games in May. The acquisition strategy aims to increase Bragg's ability to distribute and develop high-quality online content in-house.
The acquisition will provide Bragg with a back-catalogue of 39 premium casino titles, intellectual property and technical knowledge in the form of game designs, mathematic works and features tailored for the US markets.
CEO at Bragg Gaming Richard Carter commented that “in an industry where premium content is king, Doug and his team have built up an enviable track record of developing leading premium casino slot content for both the land-based and online casino industry”.
"We welcome Doug and the whole Wild Streak team onboard, and we look forward to leveraging Doug's expertise to lead our US and global content creation strategy,” he added.
Wild Streak Gaming was founded in 2015 by Doug Fallon, who will join Bragg as managing director of group content after the transaction.
"Richard and the Bragg Gaming executive team have put in place the strategy and key components to accelerate their growth and market share in the iGaming market, and Wild Streak is excited to be a cornerstone for their growth strategy,” commented Mr Fallon.
“We are highly impressed with the ORYX Gaming technology stack's robust foundation and their roadmap for additional capabilities in development. We are looking forward to working with the ORYX team to create unique player experiences as we embed their technology into our game designs."
Featured Image: Wikimedia
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