Gaming technology supplier Light & Wonder Inc has announced an investment in a 20-percent equity stake in United Kingdom-based slot studio Bang Bang Games Ltd. Financial terms of the transaction were not disclosed in a Thursday press release.
“Known for its standout content and innovative mechanics across the U.K. and European markets, Bang Bang is rapidly gaining momentum in North America via Light & Wonder, making this the perfect moment to scale,” stated the announcement from Light & Wonder.
It added: “This investment reflects Light & Wonder’s continued commitment to being a great place for game studios to grow and succeed, offering support that goes beyond distribution.”
The release cited Stuart Banks, managing director for global partnerships, iGaming at Light & Wonder, as saying: “We’re incredibly pleased to welcome Bang Bang as a partner. They’re a talented team with a proven track record and an exciting and engaging vision”.
Mr Banks observed: “This investment is a great example of how we support studios through the Light & Wonder Spark programme – helping them grow, scale, and succeed on a global stage.”
The announcement said Light & Wonder’s ‘Spark’ programme “nurtures studios by providing the tools, expertise, and market access needed to thrive”.
Frank McPolin, chief executive of Bang Bang, said in prepared remarks that his company was “incredibly proud” to take the next step in its development with Light & Wonder.
“Being part of the Light & Wonder Spark programme has already opened up fantastic opportunities for us, and this investment is a strong endorsement of the work we’re doing,” stated Mr McPolin.
“With Light & Wonder’s support, we’re in a great position to build on that momentum, grow our reach, and deliver even more bold, creative content to players globally,” added Bang Bang’s CEO.
