Search results for social casino
Games & Commerce
W Games Q1 operating profit up 25.1 percent to 68.5 billion won
W Games posted its best-ever quarterly results, helped by a turnaround to profit in new businesses and lower fee costs. The company reported first-quarter revenue of 205.0 billion won, up 26.6 percent from a year earlier. Operating profit rose 25.1 percent to 68.5 billion won and net profit increased 60.6 percent to 73.5 billion won. It plans medium- to long-term growth across social casino, iGaming and casual games.
Games & Commerce
Wemade Play Q1 operating profit jumps 93 percent on efficient operations
Wemade Play said its first-quarter revenue slipped 0.1 percent from a year earlier to 32.4 billion won, while operating profit surged 93 percent to 3.4 billion won. Net profit came to 6.1 billion won. The company attributed the rise in profit to steady service for its key games and a 5.4 percent drop in operating costs. Overseas revenue reached 20.8 billion won, reflecting results from its subsidiary Playlinks.
Games & Commerce
Full overhaul talks gain momentum on South Korea game law; web board, P2E and governance issues emerge
A bill proposed by Democratic Party lawmaker Cho Seung-rae to fully revise South Korea\'s game industry law has entered parliamentary debate. Experts say the draft would effectively redraw the legal framework by separating arcade and online games, scrapping prize restrictions for digital games and shifting online ratings to private operators. Key disputes include web board game prize rules, possible changes affecting P2E games, provisions targeting illegal programs and private servers, and a governance overhaul of related agencies.
