Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
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 Holdings Ltd. that owns SpinX Games. The buyout is part of the Korean company’s plan to expand its portfolio by adding a diverse list of ventures.
Prior to the acquisition of the social casino gaming company, Netmarble purchased the US-based game company Kabam Inc. in 2016 for $868 million or around ₩1 trillion. This year, SpinX Games is the next in line.
The firm is said to be the third-largest social casino game in the world. It was established in 2014 and runs different kinds of mobile casino content, such as the most popular slot machine games. Netmarble and Leonardo Interactive’s deal is expected to be completed this coming September.
"On top of the mainstay role-playing game content, the company has diversified its portfolio by adding other casual gaming content,” Netmarble co-chief executive officer, Lee Seung Won, said in a statement. “The move will bolster the company's global competitiveness."
Pulse News reported that after the news of Netmarble’s move to acquire SpinX hit the headlines, the company’s shares rose four percent to ₩142,500 on the morning of Tuesday, Aug. 3.
In any case, social casino gaming is a casual game activity that is enjoyed by people around the world. Aside from slot machines, players can also opt to play other popular casino games, including bingo and poker.
Apparently, the game is played online or via mobile, and cyber money is used. SpinX is said to be one of the fastest-growing firms in this field, as proven by its earnings last year valued at ₩497 billion. This year, the sales in Q1 were already ₩ 162.2 billion and ₩328.9 billion in total for the first half of this year.
Meanwhile, gambling is strictly prohibited in S. Korea, so Netmarble can’t operate it in the country. Instead, the company is looking for potential for growth in North America and Europe.
