Light & Wonder (L&W) has significantly increased the scope of its iGaming content capabilities with the acquisition of Playzido.
This acquisition will provide a faster route to market for creative studios who do not own their own development platform. They can now utilise Playzido’s technology to develop content, and take advantage of L&W’s OpenGaming aggregation platform to distribute games across L&W’s operator network.
Dylan Slaney, CEO at Light & Wonder, iGaming, said: “The Playzido deal is a perfect example of an acquisition that dovetails with our global strategy, demonstrating yet again our commitment to make targeted value-enhancing investments designed to advance our cross-platform content capabilities.
“Playzido’s platform is one of the best in the industry and we are delighted to be able to harness that technology to help studios and operators globally to develop and distribute game content that will continue to resonate with players. Light & Wonder is the go-to partner for game development and distribution globally, delivering the perfect combination of technology, network, and services.”
Stuart Banks at Playzido added: “This deal is testament to the drive and dedication of our team, who have been committed to building a fantastic games platform that allows independent studios and operators to bring their creativity and innovation to the global gaming market.
“It is the perfect moment to become part of the Light & Wonder family, with the distribution power of OpenGaming, and their regulatory expertise, we can look to accelerate quickly by bringing on board more studios than ever before. The synergies behind the acquisition are clear and we will now turn our attention to extending our reach across markets across the world.”
The latest deal by Light & Wonder follows recent high-profile iGaming acquisitions of Lightning Box, Authentic Gaming and ELK Studios.