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sep
9

Red Tiger Gaming acquired by NetEnt in 220m Deal

Tags: Gavin Hamilton, Net Entertainment, NetEnt, Red Tiger Gaming, Sweden, Therese Hillman.
Posted on 09 September 2019 by "T".

Net Entertainment (NetEnt) has agreed to a deal to purchase online casino software provider Red Tiger Gaming for an initial amount of £220m (€245.3m/$271.4m), with a possible additional pay of up to £23m in 2022.

NetEnt is set to acquire fast-growing online slot games supplier Red Tiger Gaming through an all-cash transaction, which will be finalized imminently and is in line with the vision of the casino content developer "to create the future of gaming".

NetEnt is to pay around £197m for all Red Tiger Gaming's shares, with the remaining amount to be payable in 2022, based on an earn-out basis and subject to the financial performance of Red Tiger over the next two years.

Group CEO of NetEnt Therese Hillman said, "I am very pleased to welcome Red Tiger into the NetEnt Group. The acquisition combines two of the leading and most innovative companies in the online gaming industry. We look forward to working with Red Tiger's fantastic team to enhance our combined global reach and to offer further value to operators and players. The transaction will provide significant revenue synergies across our markets worldwide."

CEO of Red Tiger Gavin Hamilton said, "This is an exciting new stage of the Red Tiger story and we are delighted to become part of the NetEnt group. Accessing NetEnt's unparalleled distribution network and geographic footprint will unlock new opportunities for Red Tiger and will further accelerate our growth. At Red Tiger we'll remain focused as always on driving further innovation and we are looking forward to working with NetEnt on how to leverage our combined capabilities to create new products that wow our customers."

Just five years old since it was established (2014) by the team behind Cayetano Gaming, Red Tiger is a leading online supplier of casino games and software known for their popular Daily Jackpot games. With about 170 employees and its operations spread across Bulgaria, Isle of Man and Malta, Red Tiger's EBITDA is expected to reach £18m for the entire year of 2019.

The £223m purchase of Red Tiger will give NetEnt the opportunity to capitalize on its scalable technology to support future growth.

Source:
https://www.intergameonline.com/igaming/news/netent-acquires-casino-provider-red-tiger

 


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33 comments for "Red Tiger Gaming acquired by NetEnt in 220m Deal"

 Mober09/09/2019 12:01:47 GMT
Netent is one of the leading casino networks and software out there.
I consider them the network that has the best slots.
Now with this acquiring they are getting even bigger.
A good thing probably for the casino fans, offering them more satisfaction,
in the choice of the game.
 dule-vu09/09/2019 12:27:26 GMT
wow,best casino software provider buy another great provider for big amount!this will be big deal for this companies and who know what this will bring to players!red tiger have very good slots with jackpots and very interesting slot for playing!hope that this will bring more benefits to players!
 bowie198409/09/2019 15:46:15 GMT
Wow, this is a huge deal to be honest but I wish they would have aquired Big Time Gaming instead because I think Red Tiger slots are not quite there yet - either in entertainment or win probability... They are just not that good.
 CALICUL09/09/2019 18:46:16 GMT
I do not know what values these games distributors have on the market, or if they are listed on the stock, but i have the impression that it is a small sum. It is possible to be wrong but this NetEnt it is quite famous. Maybe the owner there has problems or maybe is a good price.

 copyyy2k09/09/2019 18:52:27 GMT
NetEnt dominates as usual and now they are buying another providers off lol.
Red Tiger is nothing special and they offer low amount of games but some of them are popular as Reel King Mega and the Mystic wheels isn't bad either played it a couple days ago.
Still NetEnt atleast for me isn't better then Play'n GO whatever they do.
 pajalnick10/09/2019 09:58:24 GMT
as far as I remember, the red tiger is a rather interesting slot machine for a casino ... I sometimes play on these slot machines, but of course it is only in demo mode ... since I usually prefer to play poker to get a win at the casino This is for the soul ... A good purchase for this casino network
 dule-vu10/09/2019 13:08:49 GMT
I played lot of slots on paddy power site,from red tiger provider and they had very interesting slots!its totally different from netent games,so will be interesting to see how this will affect on business and what they will bring to players!netent for sure know what they do,if they payed lot of money for other company!
 peronibar10/09/2019 14:09:59 GMT
This is good news, i love red tiger slots, they have daily drops must jackpots. You can win big on this slot but after that runaway because they have long downhill and because of that i dont play this slots much. Last time i won big but i played more and lost all.
 shokaku10/09/2019 19:18:18 GMT
I must admit that i had never heard of Red Tiger Gaming before reading this article, but i am no slot player. NetEnt has always been strong in slots themselfes, so this addition will only strengthen their position against the other big providers like Microgaming.
 bowie198410/09/2019 21:25:24 GMT
Posted by peronibar:
This is good news, i love red tiger slots, they have daily drops must jackpots. You can win big on this slot but after that runaway because they have long downhill and because of that i dont play this slots much. Last time i won big but i played more and lost all.

They are almost every time high variance slots. Very hard to break even on them.
 CALICUL12/09/2019 10:42:54 GMT
Red Tiger made a tremendous purchase here and it will be very good for her. I am surprised that the owner of NetEnt sold this company but in the circle of big people, these things happen often. Those who are smarter accomplishes great things.
 dule-vu12/09/2019 12:18:58 GMT
and when I write on forum that you write stupid things,you say that I am crazy!read again news and see what did you write and wich company is sold!
 pajalnick12/09/2019 12:58:45 GMT
Posted by dule-vu:
and when I write on forum that you write stupid things,you say that I am crazy!read again news and see what did you write and wich company is sold!

He probably use Google translator as I did ... when I used Google translator I also read that it was the red tiger that got netent .... it's just a translation incorrect .. but logically I realized that this is most likely impossible .... here on the contrary, it’s possible ... that's why the problem with Google translator and incorrect translation
 bowie198412/09/2019 17:00:14 GMT
Posted by pajalnick:
Posted by dule-vu:
and when I write on forum that you write stupid things,you say that I am crazy!read again news and see what did you write and wich company is sold!

He probably use Google translator as I did ... when I used Google translator I also read that it was the red tiger that got netent .... it's just a translation incorrect ...

U should both stop using google translate then.
 dule-vu13/09/2019 09:38:13 GMT
its not hard to understand few words on english at this news!if you need to google translate for every word,then you are in big problems!I am not expert in english,but know to read and to understand most of it!on writing ofcourse I use translate,when I dont know do I need two of L in word or T or whatever!
 CALICUL13/09/2019 10:05:33 GMT
You have to use your feet and to find another job for you in addition because you have a lot of a free times to post comments for 50 mob shots. This thread is not about that. Pajalnick, google translate is good but for us need another better translator. Red Tiger Gaming in my opinion, he will try in future to buy more companies from this industry because i think he wants to reach a great power. It's an eloquent thing for them. Smile
 dule-vu13/09/2019 10:53:43 GMT
and again you didnt understand what are we talking about,even three members write that you are wrong!this show how stupid you are!first,its not 50 mob shots,its 50 mob points,but ofcourse you dont know difference between this two!
and second,READ AGAIN this news and dont write that red tiger will bought somebody again,when red tiger is SOLD!!!
 pajalnick13/09/2019 14:12:13 GMT
Due to the fact that I use the Google Chrome browser for my Internet activity, it’s certainly most convenient for me to use the Google translator ... if I had some other browser that I would use for my Internet activity, I might try different options that are offered .... I have another translator that is built into Google Chrome as an application .... probably it is worth using it more often to get the correct translation Confused
 Tony_MON7ANA14/09/2019 05:23:21 GMT
Red Tiger? Isn't that supposed be Red Dragon or Yellow Tiger?
 CALICUL14/09/2019 10:20:55 GMT
I understood very well what it is about here and you have to talk about Red Tiger Gaming who bought NetEnt. In relation to my problem the one who is wrong is google translate who is sick. So what do you think about this business? Is it good or not? The price is too high or too low? Or do you prefer to talk more about google translate?
 Tony_MON7ANA14/09/2019 10:40:00 GMT
Posted by CALICUL:
I understood very well what it is about here and you have to talk about Red Tiger Gaming who bought NetEnt. In relation to my problem the one who is wrong is google translate who is sick. So what do you think about this business? Is it good or not? The price is too high or too low? Or do you prefer to talk more about google translate?

You are mistaken. It is NetEnt that bought Red Tiger Gaming.
 CALICUL14/09/2019 10:49:09 GMT
You're right but i was referring to something else and i didn't pay attention from the beginning to the title of this thread. I meant that he should talk about this thread, but he is talking about something where Pajalnick was talking to me, not with him. Where have you been in another country or on vacation?
 Tony_MON7ANA14/09/2019 11:05:18 GMT
Posted by CALICUL:
You're right but i was referring to something else and i didn't pay attention from the beginning to the title of this thread. I meant that he should talk about this thread, but he is talking about something where Pajalnick was talking to me, not with him. Where have you been in another country or on vacation?

I was incarcerated in Cuba.
 dule-vu14/09/2019 11:21:13 GMT
I really cant believe how this member is stupid!I didnt see in my life that somebody can be so stupid!he dont know what he write,what he talking about,about what is thread where he write!look just post on last page and everything will be clear!how many of us write to him that red tiger is sold and he again write in post how red tiger will buy again some company!then talk about mob shots,then who is where,then for translator and who know about what else!he even say that he understood very well,who bought whom!
admin please react on this person!
 CALICUL14/09/2019 13:25:42 GMT
I was incarcerated in Cuba. [/QUOTE]

Tony, Nice joke...

Smile

dule-vu , I told you clearly that these errors are from google translate. You don't want to understand this and this shows that you are stupid. You are a shame for this site.
 pajalnick14/09/2019 14:29:37 GMT
It seems to me that the first person of these two people who swear in almost every thread of this forum who finishes responding to a subscriber’s appeal will be smarter than the one who continues to swear And reproach .... It is absolutely uninteresting to read how people conflict with each other ... ..Try writing letters to each other and scolding each other there
 dule-vu14/09/2019 17:48:29 GMT
Posted by CALICUL:
I understood very well what it is about here and you have to talk about Red Tiger Gaming who bought NetEnt. In relation to my problem the one who is wrong is google translate who is sick.


again lie from you!like you know what is truth in life!you say clear,that you you understood very well and red tiger bought netent!
if somebody gave me thumb up,you dont have to follow and to give thumb down,because you dont want that other members see it!wow,how pathetic you are!so stop to write bad things and learn few words of english,not just on google translate!you didnt have one useful post from this over 4000,you couldnt help to anybody,you dont play slots or like slots,but you comment every thread about slots or casino games!you dont know difference between shots or posts!you give people wrong informations and so on...!people see who is shame of this site!
and ofcourse on end,how many years you have and still dont know how to quote posts?!like last one!
 CALICUL14/09/2019 19:35:00 GMT
I had many useful posts, but blind people like you do not see them. I read this title and did not give importance about who the buyer was. It's a minor mistake and you are the pathetic, not me. You're a grobian which spoils thread comments with insults. I hope the administrator here gives you a lesson. It was nice if BRM had an application to block you as on facebook.


 dule-vu14/09/2019 19:46:47 GMT
Not a single useful post in almost 4500 posts!you dont know difference from mob shots and mob points!3 times you write that buyer is netent,evn 3 members write that you are wrong and then you write that you understand everything correctly!haha!
 CALICUL14/09/2019 19:58:06 GMT
When i say - I understood very well what it is about here - I was referring to google translate not about the buyer. ha ha ha ha
 dule-vu14/09/2019 20:07:12 GMT
Posted by CALICUL:
I understood very well what it is about here and you have to talk about Red Tiger Gaming who bought NetEnt.


This say everything!
 pajalnick14/09/2019 21:36:42 GMT
Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap!
 CALICUL15/09/2019 10:26:39 GMT
Posted by pajalnick:
Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap! Aww crap!



Big Smile

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