Saudi Arabia’s Savvy Games to Invest More in Mobile After ‘Monopoly Go’
Savvy announced in 2022 that it had $38 billion in funding to help turn Saudi Arabia into a hub for the video-game industry.
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After seeing the major success of its mobile game Monopoly Go, Saudi Arabia’s Savvy Games Group plans to invest more in mobile game development and acquisitions, according to the company’s chief executive officer.
Savvy, wholly owned by Saudia Arabia’s Public Investment Fund, agreed to buy mobile game maker Scopely for $4.9 billion last April, the same month the Monopoly title was released. Since then, the online iteration of the famous board game has grossed $2 billion in revenue.