Last year, topnetent-casinos announced it was taking over its rival Red Tiger for 220 million GBP. This acquisition will undoubtedly improve the finances and performance of both entities. Before we understand the implications of this deal, let's know a little bit about Netent and Red Tiger.
About Netent Gaming
Launched in 1996, Net Entertainment's main focus initially was gambling casinos. But over a period, this company realized that the future lay in online-based gambling and this is how this Sweden-based company morphed itself. In the early 2000s, bedandbreakfastins changed its name to Netent.
Since its inception, Netent has delivered many online game titles and won many industry awards. Netent's game quality, design, etc. have been unique and based on these qualities, more than 200 online casino operators have tied up with this Sweden-based igaming products company.
- In 2019, Netent conducted more than 50 billion transactions over its games
About Red Tiger Gaming
In contrast, Red Tiger is a new company and was launched in 2014. This company was started by a group of industry experts who wanted to take online gambling to the next level. You can play Red Tiger games on Pokerstars, Betfair, Betsson and several other online casinos.
Red Tiger is headquartered in the Isle of Man and holds licenses from the Isle of Man Gambling Supervision Commission and the U.K. Gambling Authority. Its team comprises quality assurance experts, statisticians, computer engineers and programmers, mathematicians, creative writers, psychologists, salespeople, and others.
More about Red Tiger Gaming
All the games of Red Tiger are hosted on the HTML5 technology. This means those can be launched and played on any device, be it mobiles, smartphones or tablets. Red Tiger games are supported by all the major browsers like Chrome, Opera, Safari, Firefox, and Internet Explorer.
Red Tiger has a healthy mix of Asian and European-themed slots. Some of its immensely popular Asian slots are Lion Dance, Ten Elements, Imperial Palace and Dragon Luck. If you'd like to play European slots, try one of these; Three Musketeers, Lucky Easter, and Eleven Magic.
- Red Tiger also offers classic casino games like Roulette, Baccarat, etc.
More about Red Tiger
If and when you decide to play Roulette,you'd notice that all the games of this category are well laid out on the Red Tiger website. Choose your game on the basis of its history, statistics, hot, and cold numbers, and other valuable data.
Red Tiger has been in news lately. In April 2020, this company announced that Stride Games was integrating Red Tiger's slots to its existing inventory. In other news, Lottomart and Red Tiger have come together to deliver an unparalleled gaming experience to their players.
- Red Tiger is known for its Daily Jackpots
The merger of Netent and Red Tiger; What does it mean?
Netent hopes to dominate the igaming market by this merger. By acquiring Red Tiger, the former will become the owner of a formidable game library that targets American, European and Asian markets. Not only that, but Netent will also improve its operational efficiencies.
Last year, Netent reported that its revenues grew 0.6%. After taking over Red Tiger, Netent's revenues should grow at a healthier rate. This means that Netent share prices should improve and add value to the company's shareholders. Red Tiger will be able to reach out to newer markets.