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The Stockholm-headquartered innovator used an official press release to declare that the changes are part of an ongoing restructuring that will allow it ‘to further strengthen competitiveness and increase efficiency’ after spending some ￡200 million (6. Crown Casino Victoria 75 million) in September so as to acquire the complete shareholding of Red Tiger Gaming Limited. 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. Online Casino Online Casino Rich Indian Casino Owners The firm furthermore explained that the move is expected to immediately cost it approximately ￡2. 08 million (. 44 million) but result in annual savings of around ￡12. Online Casino 49 million (. 68 million) beginning from the second half of the year. 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 real money slots no deposit sign up bonusof synergies alongside ‘increased efficiency and economies of scale’. She moreover stated that these had resulted in the online casino games developer updating its predicted annual cost savings by about ￡8. Online Casino 36 million (. Online Casino

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82 million) with the firm now anticipating first-quarter net revenues of between ￡40. Online Casino 94 million (. 12 million) and ￡41. Online Casino 78 million (. 12 million). Online Casino 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. The integration will unleash the full potential of our shared capabilities, create significant efficiency gains in games development and strengthen our position as the market leader in online casino. Online Casino Online Casino M M Slot Machine Kmbp ”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 (. Online Casino Online Casino Crown Casino Vic Pwxt 03 million). It declared that this transaction is to begin during the second quarter via the issuance of an initial ￡11. 5 million (.

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