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5% to approximately 3.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.Shareholder strength:The developer asserted that these exercises are to result in its issued share capital rising by around 2....

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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’.”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 (.49 million (....

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“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.68 million) beginning from the second half of the year. She moreover stated that these had resulted in the online casino games developer updating its predicted annual cost savings by about ￡8....

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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.Commenting on the recent collaboration, Chief Commercial Officer for Singular, Robert Dowling, said…“We are always looking to work with the industry’s best content developers, so we are delighted to bring Playson on board.78 million (....

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94 million (.”For its part, BetVictor Director 32 million new B-shares for the original investors in Red Tiger Gaming....

 

 

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