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Mobile gaming has been around for a long time, since 1994 to be exact, when the world was introduced to a simplified version of Tetris on the Hagenuk MT-2000’s 1.5-inch display. However, it was not until three years later in 1997,
Global gaming giant Stillfront gets into Bangladesh
Stillfront Group, a Swedish publicly listed game company acquired 100% shares of Moonfrog Labs and its subsidiary Dhaka based - Ulka Games Limited. 91% shares had been transferred for USD 90 Million. Rest will be transferred over the next three years and payouts will be according to the performance of the studios.
Gaming on mobile has grown tremendously over the last few years. According to KMPG, mobile gaming is now considered to be the next frontier of the business sector. In 2020, the video game market was worth USD 180 billion where 51% of that coming from mobile games, more than the combined total of the box office (USD 42.2 billion) and music industry (USD 21.5 billion).