Stockholm-listed casino games developer NetEnt has agreed the first acquisition in its history, with a deal to take control of slot specialist Red Tiger Gaming worth up to £220m (€245.3m/$271.4m).
NetEnt will acquire Red Tiger in an all-cash deal, with an initial enterprise value of approximately £197m, followed by an earn out of up to £23m to be paid by 2022.
Red Tiger Gaming strikes content deal with The Mill Adventure 10 Aug 2020 The agreement gives the The Mill Adventure access to Red Tiger's award-winning portfolio and includes hit games such as Pirates' Plenty, Dragon's Fire, and the newly released Gonzo's Quest Megaways. Red Tiger Gaming is known right now as the big innovator in online gaming - indeed, many would say they are the number one innovator. They are most widely known for having perfected the patented and trademarked Megaways class of slot machines, which has had a massive impact in the world of online casino games. Red Tiger Gaming is certainly one of the most remarkable software developers in the iGaming industry. The games are top-notch, and its back office solutions are comprehensive. In addition, its constant aim of improving its offers is a testament that this company will continue to stay strong in the gaming sector. Jumpman Gaming Sites with Red Tiger Slots Red Tiger slots have in a relatively short space of time become a huge favourite with casino players. Red Tiger are known for developing some of the most recognised slot titles available at many online casinos. Here we feature hose Red Tiger slot sites that are part of.
Office 2010 toolkit ez activator 2.2.3. 'I am very pleased to welcome Red Tiger into the NetEnt Group,' NetEnt chief executive Therese Hillman (pictured) said. Lucky dice game. '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.' https://coolkfiles755.weebly.com/2019-premiere-pro.html.
Red Tiger Gaming Online
Founded in 2014 by the team behind Cayetano Gaming, Red Tiger has quickly established itself as a leading supplier in the industry, with its Daily Jackpots feature in particular proving a huge hit with players. The company has approximately 170 employees, with operations in Malta, the Isle of Man and Bulgaria.
Red Tiger chief executive Gavin Hamilton 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. Kings temple live stream.
Red Tiger Gaming
'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.'
Stockholm-listed casino games developer NetEnt has agreed the first acquisition in its history, with a deal to take control of slot specialist Red Tiger Gaming worth up to £220m (€245.3m/$271.4m).
NetEnt will acquire Red Tiger in an all-cash deal, with an initial enterprise value of approximately £197m, followed by an earn out of up to £23m to be paid by 2022.
Red Tiger Gaming strikes content deal with The Mill Adventure 10 Aug 2020 The agreement gives the The Mill Adventure access to Red Tiger's award-winning portfolio and includes hit games such as Pirates' Plenty, Dragon's Fire, and the newly released Gonzo's Quest Megaways. Red Tiger Gaming is known right now as the big innovator in online gaming - indeed, many would say they are the number one innovator. They are most widely known for having perfected the patented and trademarked Megaways class of slot machines, which has had a massive impact in the world of online casino games. Red Tiger Gaming is certainly one of the most remarkable software developers in the iGaming industry. The games are top-notch, and its back office solutions are comprehensive. In addition, its constant aim of improving its offers is a testament that this company will continue to stay strong in the gaming sector. Jumpman Gaming Sites with Red Tiger Slots Red Tiger slots have in a relatively short space of time become a huge favourite with casino players. Red Tiger are known for developing some of the most recognised slot titles available at many online casinos. Here we feature hose Red Tiger slot sites that are part of.
Office 2010 toolkit ez activator 2.2.3. 'I am very pleased to welcome Red Tiger into the NetEnt Group,' NetEnt chief executive Therese Hillman (pictured) said. Lucky dice game. '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.' https://coolkfiles755.weebly.com/2019-premiere-pro.html.
Red Tiger Gaming Online
Founded in 2014 by the team behind Cayetano Gaming, Red Tiger has quickly established itself as a leading supplier in the industry, with its Daily Jackpots feature in particular proving a huge hit with players. The company has approximately 170 employees, with operations in Malta, the Isle of Man and Bulgaria.
Red Tiger chief executive Gavin Hamilton 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. Kings temple live stream.
Red Tiger Gaming
'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.'
NetEnt will pay an initial £197m for 100% of shares in the business, and a further £23m may be payable in 2022, based on Red Tiger's financial performance over the coming two years, for a maximum enterprise value of £223m. This represents a multiple of 12 times the supplier's earnings before interest, taxes, depreciation and amortization (EBITDA) for 2019, which is projected to reach £18m.
As a result of the acquisition, NetEnt said, it would incur approximately SEK55m in transaction- and financing-related costs. The deal is being financed primarily through new debt facilities provided by Danske Bank and Nordea.
Lazard acted as financial advisor to NetEnt in relation to the transaction, with Cirio Advokatbyrå serving as legal advisor. Mobile casino games for real money.
