EveryMatrix is looking to buy Stockholm-based games developer Fantasma for SEK209.8m as it looks to ‘strengthen the EveryMatrix games division and unlock synergies between the companies.’
EveryMatrix said: “EveryMatrix acknowledges that Fantasma is a highly respected games developer with a strong management team and a well-established games distribution. The acquisition of Fantasma will strengthen the EveryMatrix games division and unlock synergies between the companies. In particular, EveryMatrix has established distribution in the fast-growing US iGaming-market with a local team, licenses in all states, and direct contracts and integrations with almost all of the major operators.
“Size matters when it comes to doing games distribution directly, outside the main games aggregators. More games gives more attention, easier sales, and better possibilities for strong account management. Joining the game portfolios of Fantasma and EveryMatrix thus lifts both companies and achieves the critical mass of games.”
“EveryMatrix does not intend to implement any material changes to Fantasma’s employees and management team or to the existing organisation and operations, including the terms of employment and the locations where Fantasma conducts its business,” it added.
Fantasma Games, listed on Nasdaq First North, is a game studio based in Stockholm that was founded in 2016. The company aims to develop high-quality games and carries a vision of creating ‘slots beyond gambling.’ The continuously growing game portfolio includes titles such as Prometheus: Titan of Fire, Fortune Llama, Heroes Hunt Megaways, Hades: River of Souls, and Medallion, all of which have been highly appreciated by players worldwide. Today, our games are available through over 250 operators, including well-known names such as BetMGM, DraftKings, LeoVegas, Paddy Power, and Betsson.