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She moreover stated that these had resulted in the online casino games developer updating its predicted annual cost savings by about ￡8.5% to approximately 3.75 million) in September so as to acquire the complete shareholding of Red Tiger Gaming Limited....
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.B2B supplier for the online gambling industry Relax Gaming has added British independent bookmaker BetVictor to its growing roster of operators.12 million)....
Shareholder strength:The developer asserted that these exercises are to result in its issued share capital rising by around 2.44 million) but result in annual savings of around ￡12.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’....
The recently inked deal will see the iGaming provider and aggregator supply its comprehensive portfolio of in-house developed and third-party casino content to the online sports betting and online casino operator.The Stockholm-headquartered innovator used an official press release to declare that the changes are part of an ongoing restructuring that will allow it ‘to further strengthen competitiveness and increase efficiency’ after spending some ￡200 million (6.“this deal will allow us to service a range of markets“Under the terms of the content agreement, the Gibraltar-headquartered online casino and the multiple markets it operates within will gain access to Relax’s award-winning library of proprietary slot games, including such titles as the Wild West-themed, Money Train, along with Snake Arena, and the Aztec-themed, Temple Tumble, which has, since its unveiling on January 29, 2019, been a steady top-performer....
”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 (.26 million) and encompassing some 6.78 million (....
