Greentube has acquired a 40 per cent stake in Flamingocatz, entering a joint venture with the emerging studio to deliver igaming content across North American markets.
Established in 2022 to bring ‘disruptive’ slot titles to the Americas, Flamingocatz will now collaborate with the Novomatic division to develop content for the Greentube’s games catalogue, with a number of releases already scheduled for 2023.
Michael Bauer, CFO/CGO at Greentube, stated: “We remain committed to growing our presence in North America and through this joint venture with Flamingocatz, 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.”
This partnership will allow Greentube to further expand its footing in both the US and Canada, two markets in which the company has invested heavily in recent months, following a deal with Entain to make its Ontario debut.
Job Spiero, Co-Founder at Flamingocatz, added: ” We are very excited to work on this new studio together with Greentube and we could not have hoped for a better partner to go into the Americas.
“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 for this partnership.”