Hot news today in the online gaming world: Swedish online game provider NetEnt announced the acquisition of fast-growing online slot supplier Red Tiger.
The deal is worth £ 200 million plus a possible additional amount of £ 23 million in 2022, depending on the realisation of future targets.
That’s what we call hitting the jackpot!
The acquisition combines two of the leading and most innovative companies in the online gaming industry. NetEnt’s vision is to create the future of gaming. With the purchase of Red Tiger, NetEnt can accelerate growth and drive further innovation to create new products that wow the customers.
For Red Tiger, the access to NetEnt’s excellent global distribution network will unlock new opportunities.
The stock market greeted this surprising news with strong enthusiasm: Netent’s stock price gained over 14%.
Who is NetEnt?
NetEnt is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform.
NetEnt is listed on NASDAQ Stockholm (NET–B) and employs around 1,000 people in Malta, Stockholm, Kiev, Krakow, Gothenburg, Gibraltar and New Jersey.
In recent years NetEnt has become one of the most popular – if not the most popular – game provider worldwide. They develop various online casino games, ranging from slots and table games to scratch games. NetEnt’s games are consistent with very high quality, beautiful graphics, well thought out themes and innovative features.
Besides the fact that NetEnt’s games are simply a lot of fun to play, they have another great quality: they pay out well. The return to player percentage for NetEnt slots (also known as payout percentage) varies from around 96% to 98%.
Netent has made the strategic choice to release slots with a higher than average return to player. They believe that in the long run, what they lose in revenue will be compensated by player satisfaction and loyalty.
Many players also enjoy the NetEnt’s progressive jackpot games, such as Hall of Gods, Mega Fortune and Cosmic Fortune.
Who is Red Tiger Gaming?
Established in 2014, Red Tiger Gaming is a leading online supplier of casino games and software renowned for its daily jackpot games. The company has approximately 170 employees with operations in Malta, Isle of Man and Bulgaria.
Over the past five years, Red Tiger has been hugely successful in developing online slots. Gamblers love to play the games, that are well designed with a lot of mystery features and often with medium to high variance.
In collaboration with Australian slots provider Big Time Gaming, Red Tiger Gaming released its first licensed Megaways slots in 2019.
Red Tiger slots can already be played at many leading online casinos, such as Slots Million, Casumo, MrGreen and LeoVegas. Using NetEnt’s extensive network, the games can probably be played in many more casinos shortly.