With about 170 employees and its operations spread across Bulgaria, Isle of Man and Malta, Red Tiger's EBITDA is expected to reach £18m for the entire year of 2019. Just five years old since it was established (2014) by the team behind Cayetano Gaming, Red Tiger is a leading online supplier of casino games and software known for their popular Daily Jackpot games. 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.' Accessing NetEnt's unparalleled distribution network and geographic footprint will unlock new opportunities for Red Tiger and will further accelerate our growth. The transaction will provide significant revenue synergies across our markets worldwide.'ĬEO of Red Tiger 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. 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 acquisition combines two of the leading and most innovative companies in the online gaming industry. Group CEO of NetEnt Therese Hillman said, 'I am very pleased to welcome Red Tiger into the NetEnt Group.

NetEnt is to pay around £197m for all Red Tiger Gaming's shares, with the remaining amount to be payable in 2022, based on an earn-out basis and subject to the financial performance of Red Tiger over the next two years. NetEnt is set to acquire fast-growing online slot games supplier Red Tiger Gaming through an all-cash transaction, which will be finalized imminently and is in line with the vision of the casino content developer 'to create the future of gaming'. Net Entertainment (NetEnt) has agreed to a deal to purchase online casino software provider Red Tiger Gaming for an initial amount of £220m (€245.3m/$271.4m), with a possible additional pay of up to £23m in 2022.

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