• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 6 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Ourgame to sell off Chinese online board game business as 1H18 losses mount

Newsdesk by Newsdesk
Thu 16 Aug 2018 at 05:44
Six Ourgame employees arrested as Chinese online poker crackdown gains steam
Print Friendly, PDF & Email

Chinese online poker and board game company Ourgame International Holdings Ltd has issued a profit warning for the six months to 30 June 2018 ahead of expanded losses over the same period in 2017.

In a filing to the Hong Kong Stock Exchange, Ourgame said the group will record a loss that is “significantly higher” than the RMB74 million (US$10.7 million) it lost in 1H17 as a result of increased competition and regulatory headwinds in the Chinese domestic card and board game business.

The company also announced its intention to dispose of certain segments of its online card and board games business, including Ourgame Hall and Poker World, and has entered into agreements to reorganize and dispose of some core components.

As a result, Ourgame has written down all of the carrying values of the assets relating to these businesses as at 30 June 2018, which will result in one-time impairment losses of between approximately RMB350 million and RMB380 million, representing between 19% and 21% of the group’s total assets.

Despite the continued setbacks, Ourgame said that its other business units – namely eSports and poker – have exhibited strong growth in the first half of 2018.

“The group’s eSports subsidiary, Allied eSports, officially opened its global flagship arena at the MGM Luxor Casino and Hotel in March 2018 in Las Vegas and its first major eSports event at the Las Vegas Arena with the leading eSports live-streaming provider in the US resulted in record breaking viewership of 680,000 peak concurrent viewers and more than 2.5 million unique viewers,” Ourgame said. “Allied eSports has attracted major partners and sponsors that are eager to reach the young eSports audience.

“The group’s World Poker Tour business continues to expand into new geographies and its TV programs continue to reach a growing TV audience of more than 140 million households worldwide as of July 2018. Its brand power continues to fuel the growth of its licensing business, with partners including Zynga and its improved operation continuing to reflect positively on its financials.”

 

RelatedPosts

Singapore’s Changi Airport now Asia’s busiest airport as Hong Kong falls further behind

Singapore’s Changi Airport says passenger traffic from China up almost 16% in 2Q25

Wed 23 Jul 2025 at 05:55
Starr Xian: Human Factor

China’s GDP grows 5.3% in first half of 2025, in line with expectations

Tue 15 Jul 2025 at 12:30
Macau ranks first in China Tourism Academy’s “2024 Chinese Travellers Outbound Satisfaction Top 10 Destinations”

Macau ranks first in China Tourism Academy’s “2024 Chinese Travellers Outbound Satisfaction Top 10 Destinations”

Sun 29 Jun 2025 at 09:57
1xBet reviews DreamLeague Season 26 esports tournament results

1xBet reviews DreamLeague Season 26 esports tournament results

Thu 19 Jun 2025 at 12:50
Load More
Tags: Allied eSportsChinaeSportsHong Kong Stock Exchangeonline pokerOurgame InternationalOurgame International HoldingsPoker Worldprofit warningresults
Share2Share
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

The 2022 Asian Gaming Power 50

South Korea to trial visa-free entry for Chinese group tourists from 29 September

by Pierce Chan
Wed 6 Aug 2025 at 19:03

The South Korean government plans to trial a visa-free entry policy for Chinese group tourists from 29 September 2025 to 30 June 2026. According to a report by Yonhap News Agency, South Korean Prime Minister Kim Min-seok mentioned the plan...

AUSTRAC CEO Brendan Thomas named speaker for Sydney’s Regulating the Game 2025

OPINION: Entain’s repositioning and the compliance reckoning Australia’s clubs can’t ignore

by Paul Newson
Wed 6 Aug 2025 at 15:03

Newly appointed Entain Australia interim CEO Andrew Vouris is wasting no time making a statement. “I want us to win, yes, but not at all costs,” he said recently. It’s a line that marks a conscious shift in tone and...

IAG receives 276 public nominations for 2025 IAG Academy IR Awards, Official Nominees to be announced Monday

IAG receives 276 public nominations for 2025 IAG Academy IR Awards, Official Nominees to be announced Monday

by Newsdesk
Wed 6 Aug 2025 at 13:43

The public nominations period for the 2025 IAG Academy Awards has closed and the countdown is now on until next Monday, 11 August, when Inside Asian Gaming will announce the Official Nominees. This year’s IAG Academy IR Awards comprise 23 award categories, one...

Game changer: WPT’s Adam Pliska

Tournament poker now legal in Thailand as Acting PM overturns long-standing ban

by Ben Blaschke
Wed 6 Aug 2025 at 05:52

Tournament poker is now officially legal in Thailand after the government on Monday overturned a long-standing ban on the activity. According to The Bangkok Post, Acting Prime Minister Phumtham Wechayachai signed an order legalizing poker games for money under controlled...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English