NetEnt has integrated its own titles with those from Red Tiger Gaming, the firm that they recently acquired, and they will all be available with the NetEnt Connect platform launch.
Developed in closed beta and with a larger release planned for early 2020, Red Tiger Gaming is the first supplier to be packaged into the new service. This is after they were bought by NetEnt in September 2019 for almost NZ$400 million. The acquisition enjoyed a good reception, seeing the Swedish company’s share price rise from NZ$4.09 to NZ$5.27 the week after the announcement was made.
Unfortunately, this was not enough to avert a decrease year-on-year of 1% for the company’s third-quarter revenue. This total did, however, include almost NZ$9 million’s worth of transaction- and finance-related expenses from the Red Tiger Gaming deal.
Managing Director of NetEnt Malta and Chief Product Officer for the company Henrik Fagerlund said that how quickly they have been able to go live with the new content is a testament to the collaboration and hard work evidenced since the acquisition got completed. He added that it bodes well for the new platform, too, which forms a key element of his company’s strategy for 2020 and beyond.
Chief Executive Officer for Red Tiger, Gavin Hamilton, said that one of the chief incentives to working with the renowned gaming systems supplier was getting the chance to make use of their reach and the markets they have managed to create and strengthen.
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