Swedish companyNetEnt bought online gambling developer gamesRed Tiger. The contract value was £200 million. The deal will be officially closed shortly.

The press release states that the listed price is not final. Depending on Red Tiger's financial performance over the next two years, the former owner of the studio could receive an additional £23m in bonuses.

Acquisition of successful studio byNetEnt fits into the development logic of one of the industry leaders announced at the end of 2018. Then the representatives of the gambling giant repeatedly expressed their desire to significantly expand the range of games produced.

“This acquisition will bring together two of the most innovative companies in the online casino industry. We look forward to working with this team to offer our products to operators and players,” said NetEnt CEO Teresa Hillman.

Founded in 2014, Red Tiger is one of the fastest growing companies in the software industry. software for online casinos. The studio employs about 170 people and has offices in Malta, the Isle of Man and Bulgaria. The collection of video slots includes such hits asDragon's Luck,Jack in a Pot,Tiki Fruits and other slots.

Last month, Red Tiger management boasted about the achievements of the daily progressive jackpot system. The company paid out over £2.5m within the first four months of the launch of the new system.

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