NetEnt Acquires Red Tiger Gaming in £220 Million Deal
The huge gaming corporation NetEnt has acquired a slot development company Red Tiger Gaming. The first NetEnt’s acquisition was made with a deal worth £220 million.
NetEnt has agreed to pay £197 million for all the Red Tiger’s shares and possibly add £23 million in cash by 2022. The additional amount is payable on an earn-out basis, subject to financial results over two years.
According to the NetEnt chief executive, together with Red Tiger, the company plans to boost the combined global reach and provide valuable offers to operators and players worldwide. Red Tiger chief executive said that the acquisition would open new opportunities for the company and help its growth in the future.
Red Tiger Gaming was founded in 2014. It has become one of the leading game providers in the industry and currently has around 170 employees. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) are expected to reach £18 million by the end of 2019.
Leave a comment
Victoria Wild Is in Search of Treasure
True Lab’s creations stand out from the pack, hitting the iGaming ground running with their original and inventive storylines, as we...
NetEnt’s game portfolio is now available in Romania
Slotegrator’s partner NetEnt is continuing to expand all over the world. Now game content of the developer is available on the regul...
Fortune Girl From Amatic Offers a Journey to The Emerald Isle
Game content developer Amatic has already made a name for itself, and if we look at the company’s titles we’ll undoubtedly see...