The acquisition of Red Tiger gives NetEnt the opportunity to capitalize on its scalable technology to support future growth.
Over the last several years, the company has invested in a global infrastructure focusing on customer reach and regulated markets, supporting a platform for scale. The deal is in line with NetEnt’s vision to create the future of gaming. Red Tiger’s earnings before interest, taxes, depreciation and amortization (EBITDA) is expected to reach GBP 18 million for the full year 2019. The company has approximately 170 employees with operations in Malta, Isle of Man and Bulgaria. The transaction will be completed imminently and is expected to be accretive to NetEnt’s EPS in 2020.Įstablished in 2014, Red Tiger is a leading online supplier of casino games and software renowned for its daily jackpot games. NetEnt has entered into an agreement to acquire fast-growing online slot supplier Red Tiger Gaming Limited (“Red Tiger”) in an all-cash deal with an initial enterprise value of GBP 200 million plus a possible additional amount of maximum GBP 23 million in 2022.
