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Nordic Leisure (Redbet) returns to profit, iGaming Business

Nordic Leisure (Redbet) returns to profit, iGaming Business | Poker & eGaming News | Scoop.it
From www.igamingbusiness.com - November 27, 2012 8:16 AM

Swedish online gambling provider Nordic Leisure AB has released its financial results for the third quarter showing a 17 percent year-on-year increase in revenues to SEK24.6 million ($3.71 million).


Formerly known as Redbet Holding AB and the firm behind the Redbet.com, OptiBet.lv, HeyPoker.com, WhiteBet.com, GoldClubCasino.com and TotalPoker.com domains, Nordic Leisure revealed that its profit after tax for the three-month period amounted to SEK2.7 million ($407,813), which was considerably better than the loss of SEK 1.9 million ($286,971) it reported for the same period in 2011.

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Nexon acquires 14.7 percent of NCsoft for $688M, VentureBeat

Nexon acquires 14.7 percent of NCsoft for $688M, VentureBeat | Poker & eGaming News | Scoop.it
From venturebeat.com - June 9, 2012 11:23 AM

Japanese Nexon acquired a 14.7 percent minority stake in Korean online game publisher NCsoft for $688 million. Nexon is now the largest shareholder in NCsoft, which publishes massively multiplayer online games such as Guild Wars 2, Aion, Lineage II, and Wildstar.

 

NCsoft was founded in 1997 and is based in Seoul, Korea. NCsoft generated 608.8 billion KRW in revenue in the fiscal year 2011.

 

Nexon, which pioneered the free-to-play online game business, went public in an initial public offering on the Tokyo Stock Exchange in December, raising $1 billion. Nexon was founded in 1994 and has had more than 1.3 billion players register to play its games. Nexon has published more than 50 online games in 100 countries.

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