NetEnt Acquire Red Tiger Gaming in Big Move For iGaming Industry
NetEnt made a big announcement this week, with the acquisition of Red Tiger Gaming. The move is a big one and cements NetEnt’s place as one of the leading providers in the casino gaming industry.
The deal has an additional value of £200 million, with the potential for further to be added to that in 2022, with £23 million in potential extras depending on how the partnership grows.
NetEnt Announce Purchase of Red Tiger Gaming
NetEnt have announced that they have agreed on a deal to purchase Red Tiger Gaming. They are known for supplying casino games, with a particular skill in creating and supplying fantastic daily jackpot games.
Their employees are spread across three countries, with offices in Malta, Bulgaria and the Isle of Man. It is expected that the company will bring in earnings of £18 million in 2019 and considering the type of games they create, and the reputation they have, it is easy to see why NetEnt have made a move.
What Next for NetEnt?
The deal really strengthens the position that NetEnt currently hold towards the head of the market. They have created their vision and put the global infrastructure in place to succeed and with an acquisition like this one, they are aiming to be the biggest and best in the industry.
Therese Hillman of NetEnt said of the deal:
“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,”
As for Red Tiger Gaming and the products that they produce, this could be good news for them too. They now have the backing from one of the biggest casino gaming groups in the world, which could mean more funds available to create the games they want. We have seen them create many popular daily jackpot games and as this is the main focus of their content, it is likely that NetEnt will allow them to continue working in this direction, and add that niche to the NetEnt group as a whole.
Pragmatic Play Announces Deal with New Casinos
Pragmatic Play have announced a new partnership with a number of online casinos. They have announced that their video gaming content will be available on the Mansion Casino, Casino.com and the Slots Heaven Casino.
The move is part of a new deal with Mansion, which will now see the Pragmatic Play slot games available across the three casinos. They will also have bingo games, scratch cards and live casino games available as part of their agreement, broadening the service they offer as well as making it available to more players.
This is not the first move by Pragmatic Play and another sign that the company are looking to grow and expand in the future. They now offer in excess of 100 games, with every single one of them being available in 26 different languages as they try to focus on worldwide success and not just focus on one particular market.
At the moment they release three new games per month, every month, and this is something that they are planning to look at in the future, with the possibility of this increasing. This is another impressive move by the company, and as far as the future goes, they are certainly one to look out for as they continue to expand.
