There was big news earlier in the week just gone, as Swedish giants NetEnt snapped up rival casino game developer Red Tiger Gaming for a consideration of £200m. Red Tiger which was founded in 2014 and head quartered in the Isle of Man, have over their five years in existence established themselves as a strong player in the online casino game development industry.
With many of their casino games being extremely popular with players and thus being featured on over 400 online casinos. This was obviously not lost on the senior management team at NetEnt, who announced the takeover of Red Tiger earlier in the week.
In a Press Release issued by NetEnt on Thursday the 5th September, Therese Hillman, Group CEO of NetEnt, 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.”