Shanda Games Limited (NASDAQ:GAME) takes gaming seriously

Posted by Lynn Eisler August 22, 2013 0 Comment 739 views

In Wednesday’s trading session, Shanda Games Limited (NASDAQ:GAME) dipped 1.99%. The opening price of the shares was $4.54 which touched an intraday high of $4.54 and dropped to close at $4.4. More than 1.11 million shares were traded on Wednesday while the average volume of shares traded over 30 days was 1.95 million. The company has a market cap of $1.20 billion.

The company will be announcing its unaudited financial results for its 2013 Q2 that ended 30 June 2013 on 29 August 2013. GAME’s management team will also host the conference call on29 August and an overview of GAME’s business operations and financial performance will be presented.

About the company

Shanda Games Limited (NASDAQ:GAME) is involved in developing and operating online games and various other related businesses in China. Some of the games it offers are also web based ones. These are categorized by the company either as online role playing games or massively multiplayer ones. In some cases these may be called casual games and may not be categorized separately. As of 29 February 2012, GAME operated 35 different online games.

In the quarter that ended 31 December 2011, the company had a game player base that included 20.4 million average monthly active-users. It also had 4.5M average monthly-paying users in the same period. In 2011 April, GAME acquired a 51.85% stake in a game-operating company. This company offers services in East Asia.

Its additional interests

Shanda Games Limited (NASDAQ:GAME) licenses games from various domestic and international developers. As of 29 February 2012, 13/35 online games had been licensed from 3rd party developers. The company is also involved in acquiring intellectual property rights for online games. It also acquires equity rights for online gaming and operating studios and development activities related to the same. It might look at options to acquire more of the same in the future.

About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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