Social Games Provider Acquires Non-stop Games
By Brian Cullingworth, Last updated Aug 15, 2014
King Digital Entertainment pays $6 million upfront for Singapore-based games developer
King Digital Entertainment has announced the acquisition of Singapore-based social games developer Non-Stop Games for a cash payment of $6 million and a possible future payment of up to $84 million contingent on the achievement of agreed performance targets.
King Digital recently posted Q2-2014 results showing revenues up 20 percent y-o-y to $594 million, but down on a quarterly sequential basis, which management attributed to lower returns from its flagship Candy Crush Saga title.
The company still managed to deliver Q2 profits up 31 percent y-o-y to $165 million, enabling management to declare a $150 million special dividend.
Online Casino News Courtesy of Infopowa
Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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