April 26, 2024

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Through this acquisition, it will become the second largest in the industry with over 10 percent share. It will secure a massive subscriber base and competitive intellectual property so that it could aim for further growth globally, said analyst Hwang Seung-taek, maintaining a “buy” recommendation.”

Kiwoom Securities agree that DoubleUGames will benefit from the deal, and has eliminated its weakness by securing offline IPR in casino games, raising the target price to 83,000 won from 57,000 won.

The game company’s revenue and profits will improve significantly as it combines its operating system and marketing efficiency with the Double Down’s flagship game, said analyst Kim Hak-jun. 

DoubleUGames will secure much larger user data as its active user expands by 2.6 million daily and efficiency will due to economies of scale, added the analyst. 

By Hwang You-mee (glamazon@heraldcorp.com)