In a first ever event of an acquisition by the Stockholm listed digital games developer to take control of another leading gaming software – Red Tiger Gaming, Casino Leader helps you get all the latest scoop in the article below.
NetEnt, has agreed to acquire Red Tiger Gaming in an all cash transaction worth £220 million, wherein the initial enterprise value is priced at GBP 200 million along with an additional amount of maximum £23 million payable in the year 2022. The transaction is expected to be conducted soon in the near future. Hence, fans of both these pioneering software developers can now enjoy the extended portfolio of popular online games as and when they please.
Here's what the CEOs of both the companies had to say in regard to this big acquisition -
Starting with, Therese Hillman, the Group CEO of NetEnt was quoted as saying - “I am very pleased to welcome Red Tiger into the NetEnt Group. The acquisition combines two of the leading and most innovative companies in the online gaming industry. We look forward to working with Red Tiger’s fantastic team to enhance our combined global reach and to offer further value to operators and players. The transaction will provide significant revenue synergies across our markets worldwide,”.
Gavin Hamilton, CEO of Red Tiger, commented : “This is an exciting new stage of the Red Tiger story and we are delighted to become part of the NetEnt group. Accessing NetEnt’s unparalleled distribution network and geographic footprint will unlock new opportunities for Red Tiger and will further accelerate our growth. At Red Tiger we’ll remain focused as always on driving further innovation and we are looking forward to working with NetEnt on how to leverage our combined capabilities to create new products that wow our customers.”
Red Tiger Gaming was only recently established in the year 2014. An award winning software provider, Red Tiger Gaming has been recognized numerous times for its work in the field of online games and slots. This casino games developer prides itself in being the proud recipient of multiple awards namely – EGR Award for Mobile Gaming Software Supplier, Mobile Supplier of the year, Innovation in Mobile and iGaming Software Supplier as well as GIA Casino Supplier of the Year.
Furthermore, Red Tiger Gaming is committed to provide an unmatchable gaming experience to players by incorporating the most advanced technology, innovative features and a user friendly interface. Some of the most popular slot titles as provided by Red Tiger Gaming include – Mystery Reels Megaways Slot, Crazy Genie Slot, Spin Town Slot, Five Star Power Reels Slot, Pirates' Plenty the Sunken Treasure Slot.
Casino games and software supplier, NetEnt has added another victory to its already extensive portfolio of award winning games. In an attempt to leverage the strength of their gaming services, NetEnt entered into an agreement to acquire Red Tiger Gaming for a massive £220 million. Netent is undoubtedly a trailblazer in terms of digital gaming, providing amazing games that work on a cutting edge platform, thus ensuring that both, the players and the Casinos stay at the forefront of the online gaming industry. Add to that, the games run seamlessly on several devices including, laptops, mobile sets and tablets being run on iOS, Windows or Android operating systems. Among the top played Netent games, a few have been mentioned here – Gonzo's Quest, Starburst Slot, Divine Fortune Slot, Aloha! Cluster Pays Slot, Mega Fortune Slot etc.