W. Games, 3Q sales of W160bn. It will rebound into a new business

Global game company W. W. Games (192080, CEO Kim Gram) announced on the 9th that it recorded sales of 160 billion won and operating profit of W47.9bn in 3Q.

W. Games cited social casino games as the main cause of sales growth. Social Casino Game Touchdown Casino and Double Occasion, which are serviced by W. Games, recorded a total of 153.9 billion won in the third quarter of this year. This is 7% Qom and 6% YoY.

W. Games is planning to update various contents in preparation for the season of season in the fourth quarter. In addition, Double U Games, which has a 100%overseas sales, explained that due to the recent increase in the won's exchange rate compared to the dollar, sales of foreign currency related to foreign currency such as dollar assets have been reflected more than 20 billion won.

W. Games will accelerate the development of new businesses and new works based on strong earnings. Double U Games recently completed a close beta test (CBT) of new spinning in space and P2E skill game 'Double Down Cash Bingo' and 'Double Down Cash Sold Tear'. The P2E skill game, which is officially serviced in most Western countries, is a kind of bet that takes the money betting by the winner of the game.

In addition to the P2E skill game, the I-GAMING division, which D. U Games is in progress, has completed the authentication process for 10 slot contents developed in-house. Eye gaming is an online casino that can bet and withdraw cash unlike existing social casinos that are unable to withdraw cash. W. Game plans to complete 20 slot content certification by the end of this year.

In addition, W. Games is developing 'Double Occasion 2.0', which combines casual game elements with existing double occasion, with the goal of launching in the first half of next year.

An official of W. Games said, We are planning to operate efficiently on stable social casino businesses and are doing our best to make visible results in investments such as new games, new businesses and mergers and acquisitions.

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