NetEnt fires most of its employees

NetEnt fires most of its employees

Now the major New Zealand gaming operator (also game provider and game developer) NetEnt announces that they have decided to let several of their employees to go. The announcement comes in connection with the desire of the same major New Zealand gaming company to further integrate with its acquired subsidiary Red Tiger Gaming.

When NetEnt lets some of its workforce go, they can spend more$, energy and financial resources to create a stronger and longer-lasting synergy with Red Tiger Gaming, which they acquired a while ago.

The number of employees allowed to leave is around 120 full-time jobs in both New Zealand and Malta. This is estimated to reduce costs of approximately$20 million onor and$132 million Onor annually from the second half of the year.

The big question, of course, is what this will mean in practice for the two bookmakers. And what will it mean for you who may be playing casino games from one of the two gaming companies?

This Is What NetEnt + Red Tiger Gaming will mean in practice

Why, then, does NetEnt want to merge further with Red Tiger Gaming when NetEnt acquired this gaming company a while ago? The answer comes from the head of NetEnt, Therese Hillman, who said in a published message that, "the acquisition of Red Tiger Gaming exceeded our expectations in the long term” .

The gaming company therefore wants to take advantage of this opportunity to merge in order to improve efficiency and be able to scale up the business further. Those who work at Red Tiger Gaming will become shareholders in the new merged business.

In this way, together with NetEnt's workforce, they will be able to unleash the full potential of NetEnt and strengthen the latter's position in several regulated online casino gaming markets around the world.

For you personally who enjoy playing casino games online from perhaps NetEnt, Red Tiger Gaming, and more, it will continue as usual. The game offerings will be the same with game operators who have cooperation agreements with the two major game developers.

In other words, just keep playing just like you did before and this merger will not affect you significantly. Hopefully, the full and final integration will lead to more games being launched in shorter intervals.