NetEnt has finalized the purchase of Red Tiger, a company known for its casino software development.
An announcement was made today, confirming NetEnt a formal agreement has been reached to purchase Red Tiger Red Tiger. For the total takeover of shares, NetEnt is offering a payment exceeding $200 million. Since its inception in 2014, Red Tiger has established itself as a prominent slot game provider, contributing popular titles like Laser Fruit {-{/em}-}, {-{em}-} Ninja Ways {-{/em}-}, {-{em}-} Pirates’ Plenty , and Dragon’s Fire to name a few.
Therese Hillman, the Group CEO of NetEnt, expressed her excitement over the acquisition: \"The welcoming of Red Tiger into the NetEnt family marks the merging of two innovative powerhouses in the online gaming realm. We eagerly anticipate collaborating with the talented Red Tiger team to broaden our global influence and enhance the value we deliver to both operators and gamers. This deal is expected to create substantial revenue synergy across our international markets.\"
Gavin Hamilton, leading Red Tiger as CEO, shared his enthusiasm: \"Joining the NetEnt team marks a thrilling chapter in Red Tiger's narrative. With NetEnt's expansive distribution network and broad geographical reach, we foresee unlocking new growth avenues for Red Tiger. Our focus will persist on innovation as we explore joint efforts with NetEnt to craft groundbreaking products that will captivate our audience.\"
As a consequence of the merger, NetEnt will gain access through Red Tiger's license to utilize the renowned game engine, allowing them to release Megaways branded games under the NetEnt label.
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