One of the most prominent online casino content developers NetEnt AB has recently announced that it is acquiring its former rival, the Isle of Man-based Red Tiger Gaming Limited for a price of £223 million which equals to $275 million.
The Stockholm-based company used its official press release to reveal more details about this all-cash acquisition deal. Initially, the company will spend around £200 million for the full Red Tiger Gaming Limited’s shareholding followed by investing around £23 million two years later based on the newest acquisition business performance.
In its official press release, the NetEnt’s officials described Red Tiger Gaming Limited as one of the fastest-growing companies of this kind. This is definitely true for Red Tiger Gaming which was established back in 2014. Despite the fact that it is one of fairly new entrants in the world of online casinos, it has managed to build a great, reputable brand that specialized in the production of captivating, exciting iGaming content.
Creative Forces Behind Extremely Popular Slot Games
In fact, Red Tiger Gaming Limited stands behind some of the most captivating, most popular online slot games which players can access at a variety of reputable, professional online gaming operators. The company’s online gaming platform always delivers its clients a truly exciting gaming experience no matter their gaming device, their preferences, and their bankroll.
Moreover, its technologically advanced, cutting-edge gaming software that allows superb gaming sessions is easily accessible, packed with creative, authentic graphics that characterize the company’s original titles. When it comes to its licensing, Red Tiger Gaming Limited is licensed by the Isle of Man jurisdiction as well as by the United Kingdom Gambling Commission which adds to its reputability.
The company is mainly focused on the Asian and European online markets where its remarkable slot games are readily available. Speaking of its games, the majority of the Red Tiger Gaming’s games are modern, video slots that cover a variety of themes, come packed with loads of bonuses and often include loads of paylines.
Some of its most popular video slot releases include Chinese Wilds, Chinese Treasures, Arcade Bomb, Cinderella, Devil’s Number, Dragon’s Fire, Emerald Diamond, Epic Journey, Elephant Treasure, Dragon’s Luck, Divine Ways, Gems Gone Wild, Gemtastic, Fortune Fest, Golden Toad, Jade Charms, Laser Fruit, Imperial Place, Lion Dance, Jack In A Pot, Mayan Gods, Lucky Wizard, Midas Gold, Ocean Fortune and Pirates’ Plenty.
An Extremely Attractive New Asset
With such an impressive gaming library, Red Tiger Gaming Limited is definitely an extremely attractive new business asset for the leader in the industry, NetEnt. Currently, Red Tiger Gaming has around one hundred and seventy employees at its offices located in Malta, the Isle of Man and Bulgaria. Its games including its extremely popular daily jackpot games attract masses from all over Europe and Asia who will soon access their favorite Red Tiger Gaming-powered release at NetEnt online casinos.
As it was stated by NetEnt’s officials, this business agreement is all set, so once the company completes the first stage of the agreement, it automatically gains control over the entire entity which according to some predictions is very likely to record staggering earnings worth around $22 million. Commenting on the news, the NetEnt’s CEO Therese Hillman said that this business deal fits her company’s vision to bring innovation and creation to the gaming future while using super scalable technology for supporting future growth.