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NetEnt acquired casino software provider Red Tiger Gaming

George Miller

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NetEnt intends to accelerate payment of earn-out consideration for Red Tiger through a directed issue of new shares
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NetEnt has announced plans to acquire online slot provider Red Tiger Gaming Limited (“Red Tiger”) in a deal with an initial purchase price estimated at £200 million, with the possibility of an additional £23 million to be added in 2022 depending on Red Tiger’s future financial performance.

NetEnt was founded in 1996. Today it’s without a doubt the leader in the gaming industry, serving the world’s best online casinos with impressive games.

They have headquarters in Malta, Stockholm, Kiev, Gibraltar, New Jersey, Krakow and Gothenburg, with over 1,000 employees. The company is listed on the NASDAQ Stockholm exchange and are steadily growing every day. Players value Netent games for different reasons. Mostly because they have released more than 200 Games, most of which have amazing graphics and sounds – with licensed branded titles such as The Invisible Man™ and most recently Planet of The Apes™. Some of their latest released slots include The WishMaster™, Grand Spinn Superpot™, Mercy of the Gods™ and many more which you can find the reviews on CasinoRange NetEnt section.

Red Tiger Gaming

On the other hand, Red Tiger Gaming is a smaller company founded in 2014. They managed to grow to a well-known slot’s provider over the last few years. Their operations are based in Malta, Isle of Man and Bulgaria, with about 170 employees. They have been expanding for the last few years, expecting to net over £18 million in earnings before interest, taxes, depreciation and amortization (EBITDA) for the year 2019.

The Acquisition

Red Tiger Gaming has been valued at around £223 million in total. The initial purchase consideration is set at £197 million with an additional £23 million to follow up in 2022 on an earn-out basis. It will be very interesting to see how the expected synergies will pan out over the next two years and how this acquisition will benefit NetEnt and its loyal customer base. So far, it’s unknown if the Red Tiger Gaming slots will be rebranded with the NetEnt logo or will they continue to operate as a separate company.

What the officials say

NetEnt’s Chief Executive, Therese Hilman, has commented on the deal and the expected synergies, stating: “I am very pleased to welcome Red Tiger into the NetEnt Group, the acquisition combines two of the leading and most innovative companies in the online gaming industry.” At the same time, Red Tiger’s chief executive also expressed: “This is an exciting new stage of the Red Tiger story, and we are delighted to become part of the NetEnt group. Accessing NetEnt’s unparalleled distribution network and geographic footprint will unlock new opportunities for Red Tiger and will further accelerate our growth.”

All that remains is to see how the acquisition will go and what novelties we can expect from the two companies in the near future.

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Why You Need A VPN When Gaming Online In 2020

George Miller

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Why You Need A VPN When Gaming Online In 2020
Reading Time: 2 minutes

 

There’s no doubt that 2020 has been an eventful year so far. So much has happened that, amid it all, a lot of serious news has been glossed over. One of the big news stories happening in the background of everything else is the increased awareness of online risks. In the US, the focus has been on China and its access to data gathered by the TikTok app. But that is far from its only manifestation.

The problem with focusing the surveillance issue on China is it disregards the fact that this is going on in the US and many European countries. Democratic governments have justified surveillance for the sake of security, but it is exactly this which has left us open to the threat of other countries doing the same.

If you are gambling online in 2020, you should definitely be aware of all the potential issues. You are doing online financial transactions all the time, and your online activity can be tracked legally and illegally.

A virtual private network (VPN) is the first line of defense against surveillance and other cyberthreats. Here is why you need a VPN when gaming online in 2020.

Avoid pattern recognition

All good online gaming platforms have regulations against pattern recognition through their systems. After all, pattern recognition can be used to cheat you out of your money. However, it is better to be safe than to be sorry, especially if you like trying out new platforms.

With a VPN active, your activity cannot be traced to your IP address. Therefore, pattern recognition breaks down. Of course, this will not help you on sites which you should know by now to avoid. If a site does not implement strict protocols that prevent it from tracking you based on your user profile, it needs to be avoided at all costs.

Data and identity theft

Another issue that can occur when you are gaming online regularly is that any hacker who is able to view your activity can make conclusions about your financial situation. They can use this, along with other data they have gotten from your online activity, to steal your identity and get away with whatever you have in your bank accounts.

A VPN is the best defense we have against data and identity theft. Click here for more info about the best VPN that works with all Apple devices. You should be covered whether you are using a PC or mobile.

Keep the government out

While you may not be as wary of your government as you are of hackers, they do have a lot more power. If we’ve learned anything from twenty-first century politics, it is that our rights to privacy and independence are not as set in stone as we thought, no matter where in the world we are.

Ideally, no one should be vulnerable to surveillance. We have become desensitized to our data being gathered by anyone with financial or other interests, but it is past time that we stop simply giving into it.

A VPN is more necessary than ever in 2020, especially if you are gaming. Get the right VPN now to protect yourself from online threats.

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Industry News

OPAP Acquires Majority Stakes in Stoiximan

Niji Narayan

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OPAP Acquires Majority Stakes in Stoiximan
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OPAP Group, the major gaming operator in Greece, has completed the formalities of a 51% stake acquisition in Stoiximan Group’s Greek and Cypriot operations. The deal was initially announced about 18 months before.

As per the terms of the deal, Stoiximan will get an OPAP stake worth €90.2m (£81.5m/$106.1m) plus net cash of €3.0m, in addition to the earnout payments based on performance.

OPAP’s Invest arm will also buy the stake from GML Interactive, a subsidiary of Stoiximan parent company TCB Holdings, for grabbing joint control of the business alongside other two shareholders.

With this, OPAP  now has a 69% stake in Stoiximan’s Greek and Cypriot business. The company plans to increase its share to 84.49% in the near future so that the company can take full control of Greek and Cypriot operations.

 

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Industry News

EGT Joins Club de Convergentes

Niji Narayan

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EGT Joins Club de Convergentes
Reading Time: < 1 minute

 

Euro Games Technology, a Bulgaria-based gaming manufacturer, has become a member of Club de Convergentes, the Spanish organization comprising the manufacturers and developers of gaming machines and systems. The organization is the official representative body of the local gaming industry, which protects the rights and interests of the companies in the sector and takes steps to ensure a transparent and competitive business environment.

Kristian Kostovski, director of EGT Spain, commented: “We are pleased to become a member of such a prestigious organisation that unites manufacturers like us to work together for the growth and improvement of the industry. We hope that our international experience and reputation will contribute to the effectiveness of the association in finding adequate solutions to everyday problems in the sector and to support its members, especially during these demanding times.“

Club de Convergentes welcomes the membership of EGT and added that the new membership further enhanced the organization’s profile.

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