Software Provider Red Tiger expands reach in Denmark
It has been some journey for just one of the web gambling industry’s youngest software providers. Having only launched in 2014, this is a company whose reputation has swiftly risen in the industry and so they boast a wealth of expertise.
Such growth is very significant in this unique niche and highly profitable sector. While Red Tiger Gaming is known for creating innovative slots and games, their newest venture has marked the extent of their ambition.
Partnering with Danish casino and notable brand Tivoli, they've created an on line iGaming site in just one of the fastest-growing European marketplaces, with the offer giving Tivoli use of over 100 certified games from Red Tiger’s multi-award winning portfolio of titles, and these generally include Megaways, Mystery Reels, Dynamite Riches, Piggy Riches and a whole lot more.
This latest development follows a fantastic year for Red Tiger, have been acquired by mammoth pc software provider NetEnt in 2019 in a deal worth in excess of $271 million. The injection of capital allowed this boutique slots provider to focus on creating more niche games to be able to appeal to casinos such as Tivoli.
Denmark continues impressive growth in iGaming
It is often notably of a landmark year for the Danish online gambling market, which witnessed considerable growth during 2019 as a result of launch of several on line casinos. According to Danish regulator Spillemyndigheden, the web casino segment gross gaming revenue (GGR) increased 8. 1 percent to 2. 33 billion Danish Krone in 2019 and was the sole market segment that reported an annual revenue increase for that year.
Meanwhile, mobile gaming contributed 49. 7 percent during 2019 with forecasts predicting this figure would continue to rise rapidly over the next few years. This really is very good news for Red Tiger, who specialise in creating highly optimised mobile slots across several different devices, while Tivoli represents the perfect on line casino to boost their awareness and profile.
Slots were accountable for 72. 2 percent of the GGR that was somewhat greater than for online dining table games, roulette (10. 4 percent), and blackjack (8. 3 percent) which provides some insight into how this could further benefit Red Tiger because they turn to make further inroads in to the European on line gambling market.
Denmark itself provides players with in excess of 1000 different online casinos to use, such is the ever-increasing demand in another of Europe’s strongest & most robust economies, with quantities of disposable income significantly more than the majority of its neighbouring countries.
Just the beginning for the Red Tiger brand?
Despite having been acquired by NetEnt, the brand continues to work as it did before, at least from a day-to-day perspective, though with the backing of a professional name. As a result, it's provided them with a platform for expansion in to Europe, launching such moves from their bases in Malta, Bulgaria, and the Isle of Man with a 170+ strong workforce.
One of their particular selling points is they've a few of the brightest mathematicians in the market at their disposal, following a similar philosophy as Playtech founder Teddy Sagi when he launched the program giant over 2 decades earlier in the day.
That is arguably one of many strongest components of a computer software developer and thus, you are able to really tell the huge difference in the quality of their slots and games. It is also one of the known reasons for the company’s rapid growth in only six years - nearly unprecedented in this industry, though these were also underneath the stewardship of a highly experienced founding team.
A transfer to the Danish market isn't just ambitious but also savvy from Red Tiger. While much of the focus is apparently on what will happen in the usa within the next couple of years, Red Tiger has taken a different, more strategic approach, distinguishing an industry which has a a large amount of prospect of growth.
It may also unlock moves in to other Baltic regions which have as much potential such as Estonia and Lithuania, both of which represent interesting prospects and therefore are just as economically stable from an on line gambling perspective.
Written for tobjl.info by Adiela de Bruyn on 29-11-2020