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Swedish online casino games developer NetEnt AB has announced that it will be significantly reducing its workforce as a result of better-than-expected synergies with the Red Tiger Gaming Limited concern it purchased last autumn. She moreover stated that these had resulted in the online casino games developer updating its predicted annual cost savings by about ￡8.Positive prospects:Therese Hillman, Chief Executive Officer for NetEnt AB, used the press release to pronounce that the acquisition of Red Tiger Gaming Limited had ‘exceeded expectations’ due to a raft of synergies alongside ‘increased efficiency and economies of scale’....

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It declared that this transaction is to best slots online to play ilovbegin during the second quarter via the issuance of an initial ￡11.94 million (.26 million) and encompassing some 6....

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82 million) with the firm now anticipating first-quarter net revenues of between ￡40.44 million) but result in annual savings of around ￡12.“The supplier is well positioned to meet the demands of our operator partners and their players, who will undoubtedly enjoy its immersive games....

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”Investor involvement:NetEnt AB used a second press release to detail that the success of its acquisition has additionally prompted it to speed up the payment of an earn-out consideration agreed with the original shareholders in Red Tiger Gaming Limited worth some ￡23 million (.32 million new B-shares for the original investors in Red Tiger Gaming.Quickening combination:NetEnt AB proclaimed that the redundancies are ‘being implemented to speed up the full integration’ of Red Tiger Gaming Limited and are to see ‘several functions’ relocated with the loss of some 120 full-time positions at its offices in Sweden and Malta....