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NetEnt acquired casino software provider Red Tiger Gaming

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NetEnt has announced plans to acquire online slot provider Red Tiger Gaming Limited (“Red Tiger”) in a deal with an initial purchase price estimated at £200 million, with the possibility of an additional £23 million to be added in 2022 depending on Red Tiger’s future financial performance.

NetEnt was founded in 1996. Today it’s without a doubt the leader in the gaming industry, serving the world’s best online casinos with impressive games.

They have headquarters in Malta, Stockholm, Kiev, Gibraltar, New Jersey, Krakow and Gothenburg, with over 1,000 employees. The company is listed on the NASDAQ Stockholm exchange and are steadily growing every day. Players value Netent games for different reasons. Mostly because they have released more than 200 Games, most of which have amazing graphics and sounds – with licensed branded titles such as The Invisible Man™ and most recently Planet of The Apes™. Some of their latest released slots include The WishMaster™, Grand Spinn Superpot™, Mercy of the Gods™ and many more which you can find the reviews on CasinoRange NetEnt section.

Red Tiger Gaming

On the other hand, Red Tiger Gaming is a smaller company founded in 2014. They managed to grow to a well-known slot’s provider over the last few years. Their operations are based in Malta, Isle of Man and Bulgaria, with about 170 employees. They have been expanding for the last few years, expecting to net over £18 million in earnings before interest, taxes, depreciation and amortization (EBITDA) for the year 2019.

The Acquisition

Red Tiger Gaming has been valued at around £223 million in total. The initial purchase consideration is set at £197 million with an additional £23 million to follow up in 2022 on an earn-out basis. It will be very interesting to see how the expected synergies will pan out over the next two years and how this acquisition will benefit NetEnt and its loyal customer base. So far, it’s unknown if the Red Tiger Gaming slots will be rebranded with the NetEnt logo or will they continue to operate as a separate company.

What the officials say

NetEnt’s Chief Executive, Therese Hilman, has commented on the deal and the expected synergies, stating: “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.” At the same time, Red Tiger’s chief executive also expressed: “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.”

All that remains is to see how the acquisition will go and what novelties we can expect from the two companies in the near future.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: NetEnt acquired casino software provider Red Tiger Gaming

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Dot Connections secures aggregation deal with leading iGaming provider Wazdan

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Dot Connections, a fast-growing iGaming aggregator, has penned a content distribution partnership with casino game supplier Wazdan to add the studio’s innovative portfolio to its ACE platform.

The agreement will see over 180 games, including latest releases Mighty Wild™: Panther Grand Gold Edition, 30 Coins, and the ever-popular Power of Gods™ series, made available to Dot Connections’ operating partners via a single-API.

Wazdan has been developing leading slot titles for more than 14 years and currently has over 200 cross-platform casino games in its portfolio.

The partnership underlines Dot Connections’ position as a trusted aggregator to top-tier providers globally, including in LatAm where it is quickly establishing a strong foothold.

 

Cora Chen, COO at Dot Connections, said: “Launching this partnership with Wazdan represents another milestone in our commitment to delivering the very best content to our partners and their players.

“With operators joining us at a rapid rate, we look forward to boosting the exposure of Wazdan’s first-class suite in our key operating markets.”

 

Andrzej Hyla, Chief Commercial Officer at Wazdan, said: “It brings us great excitement to form this partnership with Dot Connections.

“With their offering already available to over 500 operators, we are really pleased that even more gaming enthusiasts will be able to enjoy our leading game portfolio in Asia, LatAm and beyond.”

The post Dot Connections secures aggregation deal with leading iGaming provider Wazdan appeared first on European Gaming Industry News.

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Temple of Ra: Endorphina releases a new Egyptian-themed cascading slot

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The leading slot game provider, Endorphina, has announced the official release of its newest Egyptian-themed game, which will join the company’s portfolio on May 21th. Temple of Ra is a cascading slot 6-reel, 5-row slot that encourages players to uncover the hidden chamber of Ra and unravel the secrets buried within.

The cascading reel mechanic builds excitement as players strive to unlock the path to century-old treasures. Temple of Ra features divine gemstones, sealed treasure chests, and gold-filled chambers, inviting the bravest players to a quest that may lead them face-to-face with Ra himself.

Are you interested in Egyptian-themed slot games? Try out Endorphina’s Temple of Ra and discover the long-lost treasures of the Egyptian gods.

The post Temple of Ra: Endorphina releases a new Egyptian-themed cascading slot appeared first on European Gaming Industry News.

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Hub88 selected by Pragmatic Play for exclusive early launch of Medusa’s Stone

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Hub88 has been chosen as the first-to-market partner for Pragmatic Play’s latest release Medusa’s Stone, demonstrating its position as a trusted aggregator.

Ahead of its network release on June 13th, Greek mythology-themed slot Medusa’s Stone will be made available exclusively for a two-week period from May 30th to Hub88’s operator partners.

The high-volatility slot includes free spins, super free spins, a Medusa Spin mechanic that can see character symbols on the three centre reels randomly turn into Wilds, and an attractive x7,000 max win. Hub88’s customers will be able to reward their players with a sneak peek at the highly sought-after title, which features a unique 3x4x4x4x3 grid layout and highly detailed characters.

By entrusting Hub88 with an early exclusive release, Pragmatic Play has ensured premium initial placement of Medusa’s Stone, while the aggregator will benefit from delivery of a popular and universally recognisable game theme from a leading supplier.

Jess Inglott, Head of Supplier Relations of Hub88, said: “We are delighted to be picked by Pragmatic Play, one of the industry’s most respected games developers, to facilitate the launch of Medusa’s Stone.

“As a result of our reputation as a trusted and industry-leading aggregator, we will now add the release to our portfolio and enable operator-partners to benefit from the interest generated by this new release.”

The post Hub88 selected by Pragmatic Play for exclusive early launch of Medusa’s Stone appeared first on European Gaming Industry News.

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