NetEnt Completes 100% Acquisition of Red Tiger

One of the leading players in the iGaming industry NetEnt has announced the company has successfully completed acquisition of Red Tiger, another well-known company involved in the development of online casino games. The all-cash deal has the initial enterprise value of £200 million, with the possibility of up to £23 million being paid in 2022.

Full Acquisition of Rival Company

With this deal, NetEnt has acquired a 100% ownership in Red Tiger, the company that’s seen a great surge in popularity lately thanks to their network of daily progressive jackpots. Red Tiger’s EBITDA should reach £18 million by the end of this year.

The acquisition is in line with NetEnt’s plan to continue their global expansion and keep adding value for their partners and players alike. In the PR accompanying the deal, NetEnt’s CEO emphasized they were excited to work hand in hand with the team from Red Tiger, which currently has around 170 employees situated in offices in Malta, Bulgaria, and Isle of Man.

For Red Tiger, this marks the start of a new stage in their journey. Having access to NetEnt’s vast global network is bound to help the company significantly improve its reach and accelerate its growth. As announced, they plan to continue to stay focused on innovation and using combined capabilities of both companies, create more titles to impress players and operators alike.