Netent agrees to buy Red Tiger Gaming
The transaction, scheduled from here to 2022, is the first acquisition of this type for Netent, and will have a total cost calculated around 250 million euros.
Red Tiger Gaming was founded in 2014 and although smaller than Swedish giant, it is one of the online SLOTS online market suppliers, with games based on quality and innovation. Its acquisition supposes an improvement in the scope of Netent, which will reach more operators and players distributed by the markets around the world.
The details of the purchase
The Commercial Agreement includes two phases: an initial in which Netent will pay 100% of Tiger network actions for an approximately 220 million euros, and profits calculated up to 25 million to be paid in 2022. Financing will cost about 55 million crowns for Netent, by the Loan from Norde and Danske Bank.
About Red Tiger
With venues in Malta, Bulgaria and the Isle of Man, the company currently brings together more than 150 employees. As part of Neger, you can benefit from the huge distribution network of the Swedish brand, which will undoubtedly benefit its development and popularity even more. In any case, the Red Tiger Games are already well known among the players of Slots Online by one of their best extras: the Daily Jackpots.
In 2018 Red Tiger released his own plataforma iGaming With the Grand Casino Baden of Switzerland, after the regulation of the game in the country in 2018.