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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.5% to approximately 3.Read a statement from Hillman…“We are now entering the next phase of the integration with Red Tiger Gaming Limited, whose sellers are also becoming shareholders of NetEnt AB....

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”For its part, BetVictor Director 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’.49 million (....

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Shareholder strength:The developer asserted that these exercises are to result in its issued share capital rising by around 2.51 million) tranche of B-shares before being followed in twelve months’ time by an identical instalment.32 million new B-shares for the original investors in Red Tiger Gaming....

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