Netmarble to acquire game company SpinX Games for $2.1 bn

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(LEAD) Netmarble turns to red in 2022 due to lack of new games

Games ・ 10 February 2023

WAFB

Jackpot Crush Casino Launches New Club System and Slot Machine Features

NEW YORK, June 30, 2022 /PRNewswire/ -- Jackpot Crush Casino, developed by SpinX, a subsidiary of Netmarble, is the world-fast-growing, free-to-play social casino mobile game and one of the top 40 highest-grossing casino mobile games in the world. Recently the game has launched a new club system for players to finish missions and collect rewards…

Winnings ・ 30 June 2022

Casino News Daily

Spinomenal Slots are live on 888casino

Spinomenal, the online slot developer responsible for the Demi Gods franchise of games and hundreds more, has inked a deal to distribute their content through 888casino - one of the world's best known and well-played online casino brands. Using in-house technology the firm's entire portfolio of games will become instantly available to 888 players…

Strategy Guide ・ 02 February 2022

Pulse

Korean game bet high on social casino games for P2E foray despite clampdown

Game publishers are aggressive upping investments in social casino games as they bet high on legalization of blockchain-based play-to-earn (P2E) games even as regulators clamp down on illicit operation of P2E games. WeMade, a pioneer in the P2E game industry in South Korea, acquired casual game developer SundayToz known for Anipang for 136.7…

Games ・ 21 January 2022

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The Investor

Netmarble offloads KakaoBank shares ahead of casino game buy

Netmarble offloads KakaoBank shares ahead of casino game buy Netmarble logo (Netmarble) Netmarble sold 133 billion won ($114 million) worth of shares in KakaoBank to secure liquidity, a regulatory filing showed on August 26, ahead of the payment deadline for its acquisition of a social casino game company.This is the second time the mobile game…

Games ・ 27 August 2021

Finsmes

Netmarble Acquires Social Online Casino Platform SpinX

Recently one of South Korea's gaming giants, Netmarble, bought a social casino platform SpinX that is based in Hong Kong. The scope of the deal and its implications make it one of the most interesting and the most influential deals in 2021 when it comes to the online casino industry. If you've been following the news on companies that create and…

Industry ・ 16 August 2021

The Fintech Times

Netmarble Set to Expand Its Portfolio With SpinX Games Acquisition

Global mobile game leader Netmarble Corp. is set to expand its horizons with a share purchase agreement, leading to the acquisition of the mobile social casino pioneer SpinX Games. The agreement lays down the details for the acquisition of the fast-growing mobile social casino game developer SpinX, which will sell 100% of its shares to Netmarble,…

Industry ・ 09 August 2021

Game Developer

Press Releases- Netmarble Enters into Share Purchase Agreement to Acquire Global Mobile Casino Games Company, SpinX Games

LOS ANGELES - August. 2, 2021 - Global mobile game publisher Netmarble Corp. today announced that it has entered into a share purchase agreement for the acquisition of SpinX Games, one of the fastest-growing companies in the mobile Social Casino game industry. Under the agreement, Netmarble will acquire 100% of shares of SpinX Games at $2.19…

Mobile ・ 09 August 2021

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Bleeding Cool

Netmarble To Acquire Mobile Casino Games Company SpinX Games

This week, Netmarble announced that they plan to acquire a new company into the mix with mobile casino games developer SpinX Games. SpinX has built itself up over time to become one of the largest companies making games for the genre, and as such, they are being bought out at a hefty sum. According to the brief details released about the agreement,…

Mobile ・ 07 August 2021

Forbes

Korean Gaming Giant Netmarble Buys Hong Kong Casino App To Further Global Expansion

Netmarble has agreed to buy Hong Kong-based social casino game company SpinX Games for $2.19 billion in a deal that will expand the South Korean gaming giant's business outside its home market amid a surge in gaming during the pandemic. The Seoul-based company says the deal will let the company "continue its global expansion by adding a new genre…

Mobile ・ 06 August 2021

Pulse

Netmarble buying global No. 3 social casino game SpinX for $2.19 bn

South Korean gaming major Netmarble Corp. is acquiring whole ownership in world's third-largest social casino game company for $2.19 billion to reinforce casual game portfolio. Netmarble disclosed on Monday that it would be buying a full stake in Hong Kong-based casino app SpinX Games at $2.19 billion. Shares shot up upon the news, rising 4 percent…

Games ・ 03 August 2021

EconoTimes

Korea’s Netmarble buys SpinX casino game company for $2.1 billion

Netmarble Corp., South Korea's largest mobile gaming company, revealed its plan to buy SpinX Games, a Hong Kong-based casino game firm. It was shared that the acquisition deal will cost the game developer some $2.1 billion. According to Yonhap News Agency, under the agreement, Netmarble Corp. will acquire a 100% stake in Leonardo Interactive…

Games ・ 03 August 2021

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Pocket Gamer

Netmarble picks up social casino developer SpinX Games for $2.19 billion

South Korean mobile developer Netmarble has acquired social casino studio SpinX Games for ₩2.5 trillion ($2.19 billion). The deal will see Netmarble purchase 100 per cent of shares in SpinX Games, as the company continues to expand its offerings while now introducing a new genre to its catalogue. Based in Sheung Wan, Hong Kong and set up in 2014,…

Winnings ・ 26 October 2021

Business Korea

Netmarble to Take over World's Third-largest Social Casino for 2.5 Tril. Won

Mobile game company Netmarble has decided to acquire "SpinX," the world's third-largest social casino company, in an effort to boost the competitiveness in its overseas business. It has decided to buy a 100 percent stake in SpinX for 2.5 trillion won in cash. If realized, it will go down in history as the largest deal in the game…

Winnings ・ 03 August 2021

Nikkei Asia

Netmarble to acquire casino game maker SpinX for $2.2bn -Nikkei Asia

SEOUL -- Online game developer Netmarble has agreed to acquire Hong Kong-based casino game company SpinX Games for $2.2 billion, in what is being described as the biggest overseas merger and acquisition deal by a South Korean game company. Netmarble said Monday that it had agreed to buy 100% of Leonardo Interactive Holdings, the parent of SpinX, to…

Games ・ 03 August 2021

AJU Business Daily

Netmarble diversifies game portfolio thru acquisition of social casino company SpinX

SEOUL -- Netmarble, a major mobile game developer in South Korea, has set the stage for a diversified game portfolio needed to expand its global presence through a $2.19 billion deal to take over SpinX, a Hong Kong-based company that provides a social casino service where users can play popular casino games like roulette, video poker, slots, and…

Industry ・ 04 August 2021

Game Developer

Netmarble acquires SpinX Games for $2.19 billion to expand into social casino genre

South Korean publisher Netmarble has fully-acquired mobile casino game developer SpinX Games for $2.19 billion. Netmarble explained the deal will allow it to expand into a new genre by leveraging SpinX titles like Cash Frenzy, Lotsa Slots, and Jackpot World. The social casino market has proved lucrative for SpinX, recorded $423 million in sales…

Winnings ・ 03 August 2021

Tweak Town

Netmarble buys third-largest casino mobile games company for $2.19 bn

Arena of Valor developer Netmarble buys one of the most lucrative mobile devs in the business. Netmarble today announced it has acquired SpinX, a mobile developer behind social casino hits like Lotsa Slots, Cash Frenzy and Jackpot World. Netmarble paid $2.19 billion for the share buyout, which is almost as much as the company made in the entire…

Winnings ・ 02 August 2021

Yogonet

South Korean game developer Netmarble acquires social casino SpinX

outh Korean game developer Netmarble Corp has bought Hong K ong-based social casino game company SpinX Games for an estimated $2.19 billion. The acquisition has been done through its holding company based in the Cayman Islands and announced on Monday. Lee Seung-Won, head of Netmarble, said: "On top of the mainstay role-playing game company, the…

Software ・ 02 August 2021

Vizaca

How You Can Generate Revenue With The Leading Developers Of Social Games

The arrival of the first online casinos in the mid-1990s was a milestone in the history of the gambling industry, changing it for good. The iGaming sector has witnessed tremendous growth since then and is currently worth billions of dollars per year. Competition is stiff indeed, with hundreds of online casinos competing for players' real-money…

Strategy Guide ・ 31 July 2021

Asgam

Korean games supplier Neowiz signs 5-year deal to use Kangwon Land slot machine content

South Korean online games publisher Neowiz has signed a deal with Kangwon Land granting it rights to use the content of Kangwon-owned slot machines on its platforms for a period of five years. Located in Gangwon Province around 150 kilometers from Seoul, Kangwon Land is the only casino nationwide in which Koreans are permitted to gamble. The…

Games ・ 07 May 2021

European Gaming

Booongo prepares for Germany entry with Ously Games social casino partnership

Booongo, the global online slots developer, has secured a deal to launch its portfolio of slot titles with German social casino operator, Ously Games. As part of the agreement, all of Booongo's free-to-play games will be made available on Ously's social casino brand, Spinarena, including the developer's growing collection of Hold and Win titles,…

Industry ・ 19 January 2021