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The Stockholm-headquartered innovator used an official press release to declare that the changes are part of an ongoing restructuring that will allow it ‘to further strengthen competitiveness and increase efficiency’ after spending some £200 million (6.“With BetVictor’s growing international presence, this deal will allow us to service a range of markets and further expand our geographical reach.5 million (....


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26 million) and encompassing some 6. The integration will unleash the full potential of our shared capabilities, create significant efficiency gains in games development and strengthen our position as the market leader in online casino.Swedish online casino games developer NetEnt AB has announced that it will be significantly reducing its workforce as a result of better-than-expected synergies with the Red Tiger Gaming Limited concern it purchased last autumn....


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Shareholder strength:The developer asserted that these exercises are to result in its issued share capital rising by around 2.“The supplier is well positioned to meet the demands of our operator partners and their players, who will undoubtedly enjoy its immersive games.“this deal will allow us to service a range of markets“Under the terms of the content agreement, the Gibraltar-headquartered online casino and the multiple markets it operates within will gain access to Relax’s award-winning library of proprietary slot games, including such titles as the Wild West-themed, Money Train, along with Snake Arena, and the Aztec-themed, Temple Tumble, which has, since its unveiling on January 29, 2019, been a steady top-performer....


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“With BetVictor’s growing international presence, this deal will allow us to service a range of markets and further expand our geographical reach. She moreover stated that these had resulted in the online casino games developer updating its predicted annual cost savings by about £8.68 million) beginning from the second half of the year....


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68 million) beginning from the second half of the year.”Investor involvement:NetEnt AB used a second press release to detail that the success of its acquisition has additionally prompted it to speed up the payment of an earn-out consideration agreed with the original shareholders in Red Tiger Gaming Limited worth some £23 million (.03 million)....