In 2019, Netent announced that it was acquiring its competitor Red Tiger for more more than 220 million GBP. This news was interesting because the Red Tiger acquisition was the first of its kind for the Stockholm-headquartered igaming major. Mergers and acquisitions are quite uncommon in the online casino industry, so this development made a lot of observers wonder what was in store for the global igaming industry. If you are new to the online gaming world, then let us tell you that Netent is a leading igaming products provider in the world and you can read more about this company at https://www.topnetent-casinos.net .
History of Netent
It won't be out of place here to recap the glorious history of Netent. Though this company is a major player in the global igaming industry, its roots lie in the traditional casino world. Netent was founded in 1996 by Pontus Lindwall, the son of one of the two founders of Cherry. You can read more about the makings of Cherry on ivmusic.net . In the early 2000s, Lindwall realized that the future of gambling lay in online and mobile-based casinos. This is how today's Netent was reborn. Over the past two decades, this company has crossed many milestones about which we shall talk later.
- The first Netent casino was launched in 2002.
- From 2003, Netent started delivering casino modules to its customers.
In 2004, Netent expanded its operations beyond Sweden and began distributing its modules to international clients. Next year. the company received its license from Malta. In 2007, Netent is spun off as a separate company from its parent, Cherry and is listed on NGM Equity. Two years later, Netent moves over to the Stockholm Stock Exchange. In 2010, the company does us proud by launching Gonzo's Quest. The same year, Netent receives a Category 2 license from the Alderney Gaming Commission. In 2011, this company launches mobile games and crosses yet another milestone. Since then, Netent has been setting new standards in the igaming industry.
Red Tiger Gaming history
It is difficult to stay different in the highly competitive igaming industry. Most of the providers we know, they all look the same in terms of game inventory. But this isn't the case with Red Tiger. Gaming. A new player in the igaming world, Red Tiger is known for its Daily Jackpots feature that is immensely popular among its loyal fan player base. It was this characteristic that endeared Red Tiger Gaming to Netent. Now let's look at the growth trajectory of this Isle of Man headquartered company. Red Tiger was started in 2014 by a group of industry veterans.
- Red Tiger has approximately 170 employees on its rolls
Unlike Netent, Red Tiger has a very limited presence in the European markets. Red Tiger has majorly focussed on the Asian markets, so this is one value that this company brings to the table. You can write to Red Tiger at the following address; 21a-23 Athol House, Athol Street, Douglas, Isle Of Man. Post this merger, we expect Netent to grow bigger and delivers fantastic returns to its shareholders. We also expect that the EPS of the Netent stock would improve, operational efficiencies would improve further and Netent would expand its footprint in Asia, thanks to Red Tiger Gaming.