Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
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.
