Inside Saudi Arabia’s $38 Billion Gaming Empire

Inside Saudi Arabia’s $38 Billion Gaming Empire

ByMiikka Ahonen

In early 2022, Savvy Games Group was little more than a newly formed vehicle inside Saudi Arabia’s Public Investment Fund (PIF), armed with a $38 billion war chest and a promise to spend it. Now, four years later, it controls Scopely, ESL FACEIT Group, Steer Studios, and (pending close) Moonton, while also stewarding billions of…

Bandai Namco

Bandai Namco’s Winning Formula

ByMario Stefanidis

Bandai Namco, one of the largest game publishers in Japan, has trounced its Western gaming counterparts in recent years. Over the five-year period ending September 8th 2023, its Tokyo listing returned 157.5% (20.8% annualized), more than tripling the return of the Nikkei 225, Japan’s stock benchmark. Peers Konami and Nintendo have fared worse, but still…