Netmarble Acquires Casino App Company SpinX Games for $2.19B

South Korean gaming developer Netmarble Corporation has announced that it has agreed to purchase 100% of Hong Kong-based social casino gaming company SPinX Games for $2.19B (₩2.5T).

Established in 2014, SpinX Games has become one of the fastest-growing social casino gaming companies in the world. In Q1 2021, the company ranked third for global sales in the mobile social casino gaming category generating $141M in sales while sales for 2020 totaled $432M. Some of the company’s popular games include Cash Frenzy, Lotsa Slots, and Jackpot World.

Paul Zhang, CEO of SpinX Games went on to add:

The deal will be facilitated by Netmarble’s holding company based in the Cayman Islands.

Olivia Richardson

Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.