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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.03 million).44 million) but result in annual savings of around £12....


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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.26 million) and encompassing some 6.Shareholder strength:The developer asserted that these exercises are to result in its issued share capital rising by around 2....


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51 million) tranche of B-shares before being followed in twelve months’ time by an identical instalment.32 million new B-shares for the original investors in Red Tiger Gaming.“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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94 million (.”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 (. She moreover stated that these had resulted in the online casino games developer updating its predicted annual cost savings by about £8....


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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.Expand geograproulette wheel online play munuhical reach:Chief Commercial Officer for Relax Gaming, Daniel Eskola, commented in an official press release…“BetVictor is a well-established online casino with a solid history in the sector and we can’t wait to see signature titles from Relax Gaming’s portfolio live on its online and mobile channels.Positive prospects:Therese Hillman, Chief Executive Officer for NetEnt AB, used the press release to pronounce that the acquisition of Red Tiger Gaming Limited had ‘exceeded expectations’ due to a raft of synergies alongside ‘increased efficiency and economies of scale’....