NetEnt acquired casino software provider Red Tiger Gaming
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NetEnt will buy Red Tiger Gaming Limited for £200 million. An additional £23 million could be added in 2022 depending on Red Tigers future financial performance. NetEnt was founded in 1996 and has over 1,000 employees. They have headquarters in Malta, Stockholm, Kiev, Gibraltar, New Jersey, Krakow and Gothenburg.
NetEnt acquired casino software provider Red Tiger Gaming. Red Tigers Gaming is based in Malta, Isle of Man and Bulgaria with 170 employees. They expect to net over £18 million in earnings before interest, taxes, depreciation and amortization for the year 2019.
NetEnt has acquired Red Tiger Gaming. The initial purchase consideration is £197 million with an additional £23 million to follow up in 2022. It's unknown if the Red Tigers Gaming slots will be rebranded with the NetEnt logo or will they continue to operate as a separate company.
NetEnt has acquired Red Tiger Gaming. Red Tigers CEO is excited about the new opportunities. The acquisition will further accelerate Red's growth. The company will be able to tap into NetEnt's distribution network and geographic footprint.
