ELK Studios, founded in 2013 in Stockholm, Sweden, specializes in developing mobile and desktop games for the online casino industry. Known for its innovative approach, the company launched its first slot game, “The Lab,” in 2014 and has since created over 60 video slots. ELK Studios is recognized for its mobile-first strategy and combines advanced mathematics with artistic designs.


Launch: 03.11.2020
RTP: 96,1%

  • Chief Executive Officer: Filip Säfbeck
  • Date of Foundation: 2013
  • Headquarters: Mäster Samuelsgatan 56, 111 21 Stockholm, Sweden
  • Number of Employees: 51-200 (linkedin.com)
  • Revenue: $5-15 million (Source: growjo.com)

List of awards

  1. Game of the Year 2017: ELK Studios’ Wild Toro slot game won the prestigious Game of the Year award at the EGR Operators Award 2017.
  2. 4th Position in Sweden Technology Fast50: In 2018, ELK Studios secured the 4th position in the 15th edition of the Sweden Technology Fast50 competition.


The estimated annual revenue of ELK Studios varies between different sources. While one report estimates it at $15 million, other sources suggest that the annual revenue is around $5 million.
(Source: growjo.com, rocketreach.co)


  1. Scientific Games: ELK Studios was acquired by Scientific Games, which specializes in gambling products and services. The acquisition aims to enhance Scientific Games’ original iGaming content offering and production capabilities. While ELK Studios operates independently, creating new titles, it also benefits from Scientific Games’ vast resources, including commercial scale, market expansion, support in the U.S. and Canada, game IP, and data analytics tools.
  2. 888 Italia: As part of a partnership with 888 Italia, which belongs to 888 Holdings plc, ELK Studios launched its portfolio of titles on 888.it. This move is geared towards expanding ELK Studios’ presence in the Italian market and providing a diverse range of entertaining content to 888 Casino’s Italian player base.

List of licenses

License Issuing Authority Purpose
License under account number 40844 Gambling Commission, Great Britain To provide game content for licensed online casino operators
Greek License Hellenic Gaming Commission, Greece To provide game content for licensed online casino operators in the regulated Greek market
Second Class License Not specified For the activity of production and distribution of specialized software for the activity of games of chance
License under B2B Critical Gaming Supply MGA/B2B/605/2018 Malta Gaming Authority, Malta To supply Type 1 gaming services under B2B Critical Gaming Supply
Licenses MGA, UKGC, Gibraltar Gambling Commission To testify to the fairness of their games

Key persons

Martin Lerby
Chief Sales Officer
[email protected]

Yrsa Thunholm
Business Development Manager
[email protected]

Jens-Christian Villadsen
Business Development Manager
[email protected]

Daniel Klangefeldt
Key Account Manager
[email protected]

Helena Huhanantti
Key Account Manager
[email protected]

Rolf Nordqvist
Account Manager
[email protected]

Lina Bratt
Account Manager
[email protected]


Mäster Samuelsgatan 56, 111 21 Stockholm, Sweden


[email protected]