Scientific Games acquires Karma Gaming’s portfolio
Casino equipment and lottery services firm Scientific Games Corp has purchased Karma Gaming International Inc’s portfolio of interactive games, including “second-chance games” and “e-Instant games”.
“The purchase, which was completed in June 2016, accelerates Scientific Games’ interactive strategy and product roadmap while further strengthening the company’s position to lead lotteries into the digital future,” the Nasdaq-listed firm said in a press release issued on Wednesday.
No financial details of the deal were disclosed.
Canada-based Karma Gaming was founded in 2012, according to its website. It supplies interactive games to international lottery operators. Its clients include: Italy’s Lottomatica SpA; Loto Quebec in Canada; and the Minnesota Lottery, the Georgia Lottery and the Ohio Lottery, in the United States.
In conjunction with the acquisition, Scientific Games has hired “a number” of game developers from Karma Gaming, it stated.
“Through continuous research and development, the creation of more innovative games and promotions by our digital content studio, and strategic acquisitions such as this portfolio of games from Karma Gaming, Scientific Games continues to expand our interactive business with products that help our lottery customers provide unique solutions to lottery players,” Jim Kennedy, executive vice president and group chief executive of lottery at Scientific Games, said in a statement included in Wednesday’s release.
Scientific Games says it provides games, technology and services to more than 150 lotteries worldwide.
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