NetEnt’s acquisition of Red Tiger Gaming was notable not only because it was the company’s first M&A activity in its existence, but also because it sees it take charge of one of the sector’s most exciting suppliers. Jake Pollard discusses the rationale behind the deal, and how the two businesses will work together going forward, with chief executive Therese Hillman.
While thus far igaming payments in Africa have largely been funnelled through mobile providers, the Kenyan clampdown has accentuated a growing awareness that other options are needed, says Joanne Christie.
Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation, and financial costs, which hit profits.
In the second part of iGamingBusiness.com's interview with Vermantia chief executive Filippos Antonopoulos, he discusses the importance of a diversified geographic footprint, and explains why he sees the supplier's majority shareholder Arena Racing Company as one of the most exciting businesses in the industry.
The company paid €42.8m in distribution expenses, up 69.2% from last year. Gaming duties increased from €2.1 to €2.4m, while administrative expenses increased from €6.4m to €7m, bringing total expenses to €52.1m, up 54.4% year-on-year.