Leading software providers NetEnt have entered into a new agreement to acquire online slots developer Red Tiger Gaming Limited. The cash terms of the transaction will provide a one-off payment of £ 200m (GBP) plus a final amount of £ 23m through 2020.
Red Tiger Gaming, a leading provider of online casino games since 2014. They employ over 170 employees in Malta, the Isle of Man and Bulgaria. The new agreement only strengthens NetEnt's position in the industry with a clear vision of the future of online gaming from top casino rankings . The company invested in a global infrastructure focused on customer reach and regulated markets, which further supported the platform to scale.
NetEnt continues its plans for the future of games
The acquisition of Red Tiger Gaming now gives NetEnt the ability to leverage its technology to support a lot of vector growth.
Teresa Hillman, CEO of NetEnt, was delighted and said, “I am delighted to have acquired Red Tiger by our company, which will bring together two of the leading innovation companies in the online gaming industry. We look forward to working with the fantastic Red Tiger team to expand our reach and provide added value to operators and players. The deal will provide significant synergies across our platforms globally. ”
Gavin Hamilto, Head of Red Tiger Gaming, also added: “This is an exciting new stage in our company's history and we are delighted to be part of the NetEnt Group. Participation in NetEnt's unparalleled distribution network and geographic reach will strengthen Red Tiger's capabilities and enhance our growth. As always, we are focused on driving further innovation and look forward to working with NetEnt on how to leverage our combined capabilities to create new products that will surprise our customers around the world. ”
