Netmarble to acquire casino recreation company SpinX Games for US$2.1 billion | Yonhap News Agency

Netmarble to acquire casino recreation company SpinX Games for US$2.1 billion | Yonhap News Agency

SEOUL, Aug. 2 (Yonhap) — South Korean video game developer Netmarble Corp. said Monday it strategies to get Hong-Kong dependent social on line casino sport organization SpinX Video games in a offer believed at US$2.1 billion.

Beneath the approach, the South Korean firm will order a 100 p.c stake in Cayman Island-primarily based Leonardo Interactive Holdings Ltd., which completely owns the social casino activity developer.

SpinX Game titles, recognized in 2014, operates several varieties of mobile on line casino material, such as slot device video games. The offer is predicted to be done in September.

Netmarble has been searching for to diversify its portfolio, obtaining U.S.-based game developer Kabam Inc. in a deal believed at 1 trillion gained (US$868 million) in 2016.

“On top rated of the mainstay role-enjoying match articles, the enterprise has diversified its portfolio by incorporating other everyday gaming information. The move will bolster the company’s world-wide competitiveness,” Lee Seung-Won, who heads Netmarble, stated in a assertion.