Microgaming and NetEnt have both been busy expanding their companies and their online casino gaming libraries. NetEnt has recently acquired software provider Red Tiger in an all-cash deal that will see the company absorb their entire gaming library.
Meanwhile, Microgaming has added to its independent gaming studios network. Neon Valley Studios will now partner with Microgaming to bring non-US online casino markets a Las Vegas-style experience.
NetEnt Acquires Red Tiger Gaming Limited
Since 2014, Red Tiger has been a leading provider of online casino games. Known for its selection of daily jackpot games, the company has grown to a staff of 170 employees. Earlier this month, NetEnt issued a press release announcing the acquisition of the company. It is an all-cash deal worth up to GBP 223 million.
NetEnt will pay approximately GBP 197 million to acquire all of Red Tiger’s stock. Depending on the financial performance of Red Tiger over the next two years, an additional payout of GBP 23 million may be required in 2022. Therese Hill, NetEnt Group CEO, commented on the deal. She stated, “I am very pleased to welcome Red Tiger into the NetEnt Group. The acquisition combines two of the leading and most innovative companies in the online gaming industry.
We look forward to working with Red Tiger’s fantastic team to enhance our combined global reach and to offer further value to operators and players. The transaction will provide significant revenue synergies across our markets worldwide.”
Red Tiger CEO Looking Forward to Partnership
Red Tiger CEO Gavin Hamilton also spoke about the acquisition. He commented, “This is an exciting new stage of the Red Tiger story and we are delighted to become part of the NetEnt group. Accessing NetEnt’s unparalleled distribution network and geographic footprint will unlock new opportunities for Red Tiger. It will further accelerate our growth.
At Red Tiger we’ll remain focused as always on driving further innovation. We are looking forward to working with NetEnt on how to leverage our combined capabilities to create new products that wow our customers.”
Red Tiger offers a variety of online casino games, including online pokies. Popular games include Dragon’s Fire MEGAWAYS, Royal Games, Jackpot Quest, and Tiki Fruits. Australian lottery provider Lottoland is listed among Red Tiger’s partners. In addition, they partner with other popular online casinos in other regions. Don’t be surprised to see Red Tiger games in the future at casinos offering NetEnt pokies.
Microgaming Partners With Neon Valley Studios
Micrograming is famous for partnering with the best independent gaming companies from around the world. Last week, the company announced a new partnership Neon Valley Studios, creator of Aurora Wilds.
The mission of Neon Valley Studios is to produce story-driven casino pokie games that give players in non-US markets a modern Las Vegas gaming experience. Aurora Wilds is the first game by the studio. It is presently available at Microgaming’s network of online casino partners.
The game is a “trip back to nature” with imagery featuring native lands and animal spirits. It is a 5-Reel, 10 payline online pokie with expanding wilds, respins, and bonus jackpot wheel.
Neon Valley Studios Senior Creative Technical Designer Brian Perego spoke on the partnership. He stated, “Our relentless drive to create engaging gaming experiences for players is founded on our passion for games and the latest technological developments. We are delighted to bring ‘the spirit of Vegas’ to Microgaming on an exclusive basis. Aurora Wilds marks the first wave of exciting content to come from Neon Valley Studios.”
Microgaming CEO John Coleman also commented on the deal, offering, “Our studio’s strategy is designed to bring greater choice, innovation and quality to the market. Neon Valley have years of collective gaming industry knowledge and expertise, not to mention their own distinctive style and personality, and we are delighted to add them to our global roster of independent game studios.”