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Netmarble acquires SpinX Video games for $2.19 billion to increase into social on line casino style

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South Korean writer Netmarble has fully-acquired cell on line casino sport developer SpinX Video games for $2.19 billion. 

Netmarble defined the deal will enable it to increase into a brand new style by leveraging SpinX titles like Money Frenzy, Lotsa Slots, and Jackpot World

The social on line casino market has proved profitable for SpinX, recorded $423 million in gross sales throughout 2020. The corporate additionally just lately generated $286 million throughout the primary half of the present fiscal 12 months, marking a 46 p.c improve on the earlier 12 months. 

Netmarble believes SpinX is nicely positioned to continued that progress, and stated the acquisition will enable it to “fortify our aggressive edge within the world cell gaming market.”

“The social on line casino style reveals continued world progress, and we’re very excited to execute a share buy settlement with SpinX Video games, one of many main firms within the style,” stated Netmarble chief exec, Seungwon Lee. “By means of the acquisition, Netmarble will add the social on line casino style alongside its current predominant style of RPG to additional strengthen its lineup of informal video games.”

The information comes just a few month after Netmarble acquired a majority stake in WWE: Champions developer Kung Fu Manufacturing facility by its U.S. subsidiary.

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