China’s Ourgame eyes expansion into social casino games, eSports
The online card and board games developer plans more strategic investments and partnerships to accelerate business growth
Chinese online games operator Ourgame International Holdings is looking to step up its expansion into the US$4.5 billion social casino gaming market in the United States this year, after reporting stable net profit and revenue for last year.
The term mind sports generally refers to games of mental skill like chess and various board games, as well as recent disciplines such as eSports.
“We will continue to make strategic investments and acquisitions on key areas of our ecosystem to accelerate the group’s growth,” Yang said.
Ourgame reported a 30 per cent increase in net profit to 148.7 million yuan (US$21.6 million) last year, up from 114.4 million yuan in 2015, on the back of steady growth at its core online card and board games business.