MY.GAMES Announces Business Restructuring And Decision to Cease Operations in the Russian Market
Amsterdam, the Netherlands, 15 December – MY.GAMES, a leading international game developer and publisher, today announces a business restructuring and decision to exit the Russian market. As a result of the restructuring, the part of the business generating revenue in Russia will be spun off into a new independent entity with no affiliation to MY.GAMES, and MY.GAMES will cease all operations in Russia.
MY.GAMES will focus solely on international business development, as well as improving infrastructure for its distributed team. Since 2020, more than 90% of MY.GAMES employees have been working remotely. In addition to its headquarters in Amsterdam, office in Cyprus, and representative offices in Korea, Spain, China, and Finland, MY.GAMES has also begun opening co-working spaces in the teams' key regions of presence, including Turkey and Armenia. In 2023, the company intends to open several more co-working spaces in EMEA.
MY.GAMES will continue to develop mobile, PC, and console games and publish in key markets, including the United States, Europe, Asia, and will expand its presence in developing markets, including MENA, Latam, Indonesia and India.
The licenses for all Russia-related products will be fully transferred [by MY.GAMES] to Astrum Entertainment, an independent Russian company. Following the transfer of these licenses, MY.GAMES will no longer earn revenue from these game titles on the Russian market.
MY.GAMES is a leading European publisher and developer headquartered in Amsterdam, with more than one billion registered users worldwide. The company develops games for mobile, PС, and Console platforms. War Robots, Hustle Castle, Rush Royale, Left to Survive, and many other games were produced by MY.GAMES. The company unites over a dozen development studios and a strong team of specialists working together from across the globe. MY.GAMES not only creates and publishes games but also actively helps talented developers through its investment arm MGVC (top 10 game strategic investor globally). The global MY.GAMES and MGVC partner network comprises over 50 studios. For more information, please visit http://my.games.