SpinX Games

SpinX Games is a casino game developer founded in 2014. By mid-2021, the company is developing 7 applications for Android. In the Google ranking, SpinX Games products are in the Top 100 in more than 10 countries.

Performance indicators

2020-2021

The social casino market turned out to be profitable for SpinX Games, because in 2020 the company's sales amounted to $423 million. The company also earned $286 million in the first half of 2021, which is 46% more than a year earlier.

History

2021: Netmarble bought SpinX Games for $2.19 billion

In early August 2021, it became known that the South Korean game publisher Netmarble acquired SpinX Games. The purchase of 100% of the game developer for the casino cost the buyer $2.19 billion.

Netmarble explained that the deal will allow it to enter a new genre in games using such game projects as SpinX, Cash Frenzy, Lotsa Slots and Jackpot World. SpinX Games specializes in the development of virtual leisure and offer numerous casino games and purchases in the application, but it is worth noting that the company has nothing to do with real gambling with real money.

Netmarble acquired SpinX Games for $2.19 billion

The genre in the social casino gaming industry shows constant global growth and we are very happy to conclude a stock purchase agreement with SpinX Games, one of the leading companies in this genre. With the acquisition, Netmarble will add the social casino genre along with the existing core RPG genre to further strengthen the casual gaming line, said Netmarble CEO, Sangwon Lee.

SpinX am very pleased to be able to do business with Netmarble. As the mobile social casino business is a growing area, SpinX is taking advantage of this opportunity to strengthen global competitiveness through synergies with Netmarble, said Paul Zhang, CEO of SpinX.

Netmarble believes that SpinX has every opportunity to continue this growth, and said that the purchase will allow it to strengthen their competitive advantage in the global mobile gaming market.^[1][2]

Notes