Slot giants NetEnt set to acquire Red Tiger Gaming for £220m
Two giants industry collide in landmark acquisition
Giants of the slot game industry NetEnt have agreed to acquire Red Tiger Gaming in a landmark deal with £220m.
This deal marks the first time in NetEnt's illustrious 23-year history that they have acquired another company specialising in slot game development.
Who are Red Tiger Gaming?
Founded back in 2014 by a team of developers who had previously worked at Cayetano, Red Tiger Gaming swiftly rose through the ranks to become of the industry's most recognisable and trusted slot game developers, known for the Daily Jackpots and producing renowned titles such as the Mystery Reels, Dragon's Luck and the Pirates' Plenty series. The 170-strong outfit operates from offices in Malta, the Isle of Man and Bulgaria.
"An exciting new stage of the Red Tiger story"
Chief Executive of Red Tiger Gaming, Gavin Hamilton spoke of his delight following the news, he 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.”
A combination of the two most innovative companies in the online gaming industry
Welcoming Red Tiger Gaming to the NetEnt family, Chief Executive Tehrese 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.”