NetEnt acquires casino software provider Red Tiger for £200m.

NetEnt, a premium supplier of digitally distributed gaming systems used by some of the world's most successful online gaming operators, acquired casino software provider Red Tiger, a leading casino games developer, for £200m ($243m). The transaction will be completed imminently and is expected to be accretive to NetEnt’s EPS in 2020. Gavin Hamilton, CEO of Red Tiger, comments: “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 and will further accelerate our growth. At Red Tiger we’ll remain focused as always on driving further innovation and we are looking forward to working with NetEnt on how to leverage our combined capabilities to create new products that wow our customers.”