Small company simply involved in producing games (8)

I believe the answer is:

olympics

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'games' is the definition.
(I've seen this before)

I cannot understand how the rest of the clue works.

(Other definitions for olympics that I've seen before include "Large athletic competition, held every four years" , "Quadrennial games" , "Quadrennial athletics meeting" , "Four-yearly world games" , "Slim copy of the games" .)

I've seen this clue in The Globe and Mail.

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