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Top related persons:
Piotr Bogusz - 1 Bogusz - 1 Adrianna Ebert - 1 Sharon Singleton - 1 Mark Potter - 1
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Games - 1 IGN - 1 Erste Group - 1 Steam - 1 CI Games - 1 Thomson - 1

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3 mentions found


☆ CI Games shares drop on critical reviews of 'Lords of the Fallen'
  + stars: | 2023-10-13 | by ( Adrianna Ebert | ) www.reuters.com   time to read: +2 min
SummaryCompanies CI Games shares extend losses to hit six month lowLosses follow some critical reviews of 'Lords of the Fallen'Critical reviews may affect sales - analystGDANSK, Oct 13 (Reuters) - Shares in Polish video game producer CI Games (CIG.WA) dropped as much as 18% to a six month low on Friday, adding to heavy losses the day before, following some critical reviews of its newest game "Lords of the Fallen". At 0844 GMT, CI Games shares were down 13.6% at 3.89 zlotys. The game release for PC and PlayStation 5 is set for Friday. CI Games' most popular game series is "Sniper Ghost Warrior", which has sold over 13 million copies. The first version of "Lords of the Fallen", released in 2014, sold over three million copies.
Persons: Piotr Bogusz, Bogusz, Adrianna Ebert, Sharon Singleton, Mark Potter Organizations: Games, IGN, Erste Group, Steam, CI Games, Thomson Locations: GDANSK
☆ Ten Square Games to lay off 25% of staff, suspend two major projects
  + stars: | 2023-04-17 | by ( ) www.reuters.com   time to read: +2 min
GDANSK, April 17 (Reuters) - Poland's Ten Square Games (TENP.WA) plans to cut its workforce by 25%, or about 120 people, by the end of April and suspend two major projects, it said on Monday, blaming a challenging economy and an unstable mobile games market. At 1025 GMT Ten Square Games shares were down 4.8%, hitting the bottom of Poland's wig40 index. "We have decided to end work on two projects - Undead Clash and Fishing Masters - and to significantly reduce employment in areas outside the company's main products," CEO Maciej Zuzalek said in a statement. "This will allow us to focus Ten Square Games' resources and energy on the development of the main titles - Fishing Clash and Hunting Clash - in the coming months, and prepare for the further scaling of Wings of Heroes." The games write-downs will be included in the company's second-quarter results.
☆ Mobile games developer Huuuge stock leaps on buyback plans
  + stars: | 2023-02-16 | by ( ) www.reuters.com   time to read: +1 min
Feb 16 (Reuters) - Mobile games developer Huuuge Inc (HUGP.WA) plans to launch an up to $150 million share buyback this quarter following a review of strategic options, it said late on Wednesday, sending the stock sharply higher at the market opening. U.S.-registered Huuuge, which debuted in Warsaw in 2021, launched the review of strategic options in August and shortly afterwards suspended an earlier buyback. It said could still postpone or cancel the new buyback depending on market conditions and the company's circumstances. Huuuge has yet to disclose price details of the buyback. Last week, the maker of Huuuge Casino and Billionaire Casino games reported preliminary core profit up 28% to $82 million following lower marketing spend.
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