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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.rators. The firm furthermore explained that the move is expected to immediately cost itlucky 7 free slots ipuo approximately £2....
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12 million) and £41.Shareholder strength:The developer asserted that these exercises are to result in its issued share capital rising by around 2.”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 (....
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She moreover stated that these had resulted in the online casino games developer updating its predicted annual cost savings by about £8.08 million (.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’....
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