Analysis: Was Red Tiger acquisition the catalyst for Evolution Gaming’s NetEnt interest?
$5,000 Welcome Bonus
Evolution Gaming is considering a takeover of NetEnt for SEK 19.6bn ($2.1bn). The fee is sizeable and shows how far Evolution Gaming has come since it was founded.
Evolution Gaming is interested in buying NetEnt. The fee involved is SEK 19.6bn ($2.1bn) and Evolution Gaming was founded after Netent. Net Ent agreed to buy Red Tiger Gaming in September. Red Tigers share price has risen 30% since then. The virus pandemic may be hastening the need for gaming firms to consolidate.
Red Tiger acquisition was the catalyst for Evolution Gaming's interest in NetEnt.
Evolution is buying Red Tiger live casino. The deal makes sense, as it gives Evolution a strong foothold in the slots market. It is fair to say a slot supplier would not have the same leverage in terms of buying a live casinos supplier in current market, if the roles reversed.
NetEnt's acquisition of Red Tiger may have been the catalyst for Evolution's interest in the company. Erwin van Lambaart has been appointed the new General Director of Casinos Austria AG. He is currently CEO of Holland Casino. Slot Focus is planning to expand its global footprint. Dinos Stranomitis is Director & COO of Altenar. He talks about the regulation of the regulated market and how banks are incorporating cryptocurrencies into the digital world.
