Greentube has acquired a 40% stake in Flamingocatz, a game developer established in 2022, to bring disruptive slot titles to the Americas, through "innovative mathematics, unique design and a clear mission to entertain."
The two parties will collaborate on developing future content for Greentube’s portfolio, leveraging Flamingocatz’s local knowledge and production capacity to bring titles that deliver on player expectations.
Several titles are already in development and are set to be introduced in 2023, initially in North America, but later to other markets where Greentube is active.
The joint venture with Flamingocatz comes just months after Greentube acquired the US development studio Present Creative.
Michael Bauer, CFO/CGO at Greentube, said: “We remain committed to growing our presence in North America. Through this joint venture, we will further strengthen our capabilities, working with a talented and very experienced team who sits on a lot of local knowledge.
"Having a laser focus on what local players desire is paramount to us and this partnership will help us execute our growth strategy in the US and Canada.”
Job Spiero, Flamingocatz Co-Founder, said: "We are excited to work with Greentube. With Greentube's vast experience in distribution, placement, and marketing of games and Flamingocatz's ‘outside of the box’ way of creating games, we have very high hopes.”
Recently, Greentube launched in Ontario via a deal with industry giant Entain.