W Games (카지노사이트) will enter the overseas online casino game market in earnest by acquiring a company.
W Games (CEO Kim Garam) announced on the 12th that its subsidiary Double Down Interactive LLC (hereinafter referred to as Double Down) has signed a stock sale contract with Swedish i-Gaming company Super Nation. Double Down is a 100% stake held by Double Down Interactive, a NASDAQ-listed company and a subsidiary of Double U Games.
Doubledown has decided to acquire Super Nation in a $35 million cash transaction. The exact acquisition amount will be determined based on the financial results of Supernation 2022, and the cash acquisition will be completed in the second quarter of this year. Upon completion of the acquisition process, Supernation will be incorporated as a wholly owned subsidiary of Doubledown.
In the future, Doubledown plans to create collaborative synergy in overall business areas such as marketing and game development along with Super Nation. Supernation is a company that has established its position in the European market through its flagship title “Duelz.” Supernation’s cumulative sales in the first and third quarters of last year were tentatively estimated at $18.3 million (about 22.8 billion won).
Unlike social casino games, iGaming is an online gambling that allows actual cash betting and withdrawal. According to H2 Gambling Capital, a British consulting firm, the global iGaming market is estimated to be worth 28.1 billion dollars (about 37 trillion won) as of 2022. Previously, W Games obtained iGaming software certification for 21 types of its own slot game contents to target the iGaming market.
Kim In-keuk, CEO of Double Down Interactive, said, “The acquisition of Super Nation will strengthen our position in the European i-gaming market,” adding, “We will do our best in the i-gaming business to continue to grow through loyal users and competitive game experiences.”