Nike and Red Tiger Forge Exclusive Agreement – iGB
Red Tiger, a gambling game and software supplier under NetEnt, has formed an exclusive partnership with Slovak operator Nike.
Home > Technology & Innovation > Nike and Red Tiger Forge Exclusive Agreement
Nike and Red Tiger Forge Exclusive Agreement
Red Tiger, a gambling game and software supplier under NetEnt, has formed an exclusive partnership with Slovak operator Nike.
Under the terms of the accord, Nike will introduce a selection of Red Tiger’s slot content, which will be exclusive to the market.
Nike has a broad reach in the Slovak market, operating over 900 retail locations. It also recently launched a new online gambling establishment following the introduction of a new national regulatory framework last July.
“Red Tiger is highly regarded and has a strong history of delivering high-performing games in a variety of styles,” said Nike CEO and co-founder Oto Berg. “As the leading betting operator in Slovakia, it is essential for us to move our gambling business online, and I believe we can achieve this by hiring the best suppliers.”
Red Tiger CEO Gavin Hamilton added: “We are pleased to be one of the first suppliers to go live in Slovakia and to guide Nike into this newly regulated market.
“Our goal is to be a leader in regulated markets.”
The statement issued today is a significant landmark in our progress, and signifies the inclusion of another nation on the roster of those who can partake in our entertainment.
The Slovakian National Assembly voted in January to overturn the former President Andrej Kiska’s rejection of the country’s new gaming regulatory system, clearing the path for legal online gaming.
In December 2018, the Slovakian Parliament approved the Gambling Act and sent it to Kiska for endorsement. The act established various new rules and guidelines for online and brick-and-mortar gambling in Slovakia.
However, Kiska rejected the act, expressing concerns about measures such as self-exclusion enrollment, and a lack of clarity on how taxes collected from gambling would be utilized. His rejection was overturned, and the act came into effect on July 1, 2019.
Red Tiger was purchased by NetEnt last year for a substantial £220 million (€259.8 million/$286.2 million).
Sign up for the iGaming news newsletter.
