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All publications by tag «Savvy Gaming Group»

News April 4, 2023

Saudi authorities invest $38 billion in the gaming industry

The Saudi government wants to turn the country into a “world entertainment center” by 2030. It intends to invest $38 billion in the development of the local gaming industry through the Public Investment Fund and its subsidiary Savvy Gaming Group.

News June 8, 2022

A Saudi Arabian company has bought a stake in Embracer Group for $1 billion

Embracer Group has signed a deal with Savvy Gaming Group, a subsidiary of Saudi Arabia’s Sovereign Wealth Fund. It sold 8.1% of standard and 5.4% of voting shares, receiving 10.3 billion Swedish kronor ($1.05 billion) in return