When Savvy Games Group bought Scopely a year ago for $4.9 billion, some people wondered if it wasn’t such a smart deal. Then Scopely launched Monopoly Go, a hit mobile game based on Hasbro’s iconic board game, and that title has generated $2 billion in revenue just 10 months after launch and three months after hitting $1 billion.
It’s safe to say that Savvy Games Group, which is owned by Saudi Arabia’s Public Investment Fund, got a pretty good deal. That’s just one of the takeaways of the massive success of the mobile game, and it has a lot of implications for the world of gaming. (Brian Ward, CEO of Savvy, and Scopely leaders are expected to speak at GamesBeat Summit 2024 in Los Angeles on May 20-21).
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