NetEnt grows with Red Tiger Gaming

Published by Daniel on September 10, 2019 in Industry News

NetEnt and Red Tiger GamingThe online casino industry is constantly growing and evolving giving players more than they can imagine.  

NetEnt, one of the leading software providers in the industry, has made it their mission to provide players with the very best.  

 
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Over the past few years they’ve made headlines with many game changing expansions and changes.   
 

Once more NetEnt steals the show by acquiring the popular game developer Red Tiger Gaming in a recent all cash deal.
 

NetEnt keeps growing 

The industry giant recently entered into an agreement to acquire the rapidly growing online slot supplier Red Tiger Gaming Limited. This acquisition is an all cash deal with an initial enterprise value of GBP 200 million plus the possibility of an additional amount of maximum GBP 23 million in 2022.  

The acquisition falls in line with NetEnt’s vision to create the future of online gaming. Over the past few years the giant has invested a lot in the global infrastructure, putting their focus on customer reach and regulated markets supporting the platform for scale. With this new acquisition comes the opportunity for NetEnt to capitalize on the scalable technology to support their future growth.  
 

About Red Tiger Gaming 

Red Tiger Gaming Limited was established back in 2014 and is considered a leading online supplier of casino games and software. The growing gaming creator is also renowned for its exciting daily jackpot games which has created many winners over the past few years.  

The company has operations in Malta, the Isle of Man as well as Bulgaria and currently has about 170 employees. In terms of earnings, Red Tiger Gaming is expected to reach GBP 18 million for the year of 2019 before interest, taxes, depreciation and amortisation (EBITDA).  

The current Red Tiger Gaming CEO, Gavin Hamilton, stated that this is an exciting new stage of the Red Tiger story. He continued to say that they are excited to become part of the NetEnt group and that accessing NetEnt’s unparalleled distribution network and geographic footprint will unlock many new opportunities for them. Hamilton stated that they will continue to remain focused on driving further innovation and look forward to working with NetEnt on ways to wow customers with their combined capabilities to create new products.  
 

A word from NetEnt 

Group CEO of NetEnt, Therese Hillman, expressed pleasure at being able to welcome Red Tiger Gaming into the NetEnt Group. According to Hillman the acquisition combines two of the leading and most innovative companies in the online gambling industry. She continued saying that they look forward to working with Red Tiger’s fantastic team in an effort to enhance their combined global reach and offer further value to operators and players. Hillman also stated that the transaction will provide significant revenue synergies across their markets worldwide.  

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NetEnt is already considered one of the biggest and leading gaming providers in the industry. With their latest acquisition players and operators have even bigger and better things to look forward to. The new acquisition brings with it the promise of new and even more innovative slot games for all to enjoy.