If the West is more creative than the East, why are profits coming from Asia?

REDWOOD CITY, Calif. — Video games are a multibillion dollar industry, and while blockbuster productions like Grand theft Auto V and Call of Duty impressively rake in billions on their own, not few console or PC games in North America or the U.K. generates that sort of profit. In fact, as the trends illustrate, mobile games, especially in Asia, are filling investors’ wallets better than any console or PC title. And according to GamesBeat 2013’s “The Next Billion Dollar Game Investment” panel of experts today, the art of money making within the games industry is best executed in the East, not the West.

“When it comes to creativity and innovation, U.S. and Europe are still very strong,” said Tim Merel, the managing director of Digi-Capital. ”When it comes to the science of making money on games, China, Japan, South Korea are about 18 months to two years ahead.”