Published On: October 29th, 2022
Due to the rise of the behemoth social media platforms and the desire of millions of people to become virtual farmers and destroy shoddily constructed buildings with an avian cartoon species and a catapult, social gaming companies first shed their cottage-industry moniker in 2009.
Additionally, Farmville and Angry Birds weren’t exceptions. Successes in social gaming that followed, from eSport crossover megahits like League of Legends to traditional-looking slot machines and skill-based puzzle games like Candy Crush, gave the online gaming companies a hint at the potential of the social gaming sector.
The global market for social gaming is anticipated to reach a sizable amount by 2026, growing at a CAGR of almost 16% from 2020 to 2026. According to the statistics, around 3.2 billion people worldwide are gamers, and 80% play games to stimulate their minds. Unquestionably, social games are revolutionizing the gaming market and making up most online games. In this blog, let’s talk about the top 3 market-leading social gaming companies worldwide.
Here Are Some of The Best Social Gaming Companies in Australia
1. Virtual Gaming Worlds (VGW)
VGW is a rapidly expanding technology company and a creator of trending online games. VGW, one of the best development companies, was established in 2010 by Laurence Escalante, chairman and CEO, to build a virtual community where anyone could join and participate in endless entertainment opportunities.
Laurence, a gaming & technology entrepreneur, transformed the online social gaming business with Chumba Casino in 2012 by utilizing sweepstakes incentives and enabling players to participate in social games in a way they had never done before. Chumba Casino’s enormous success led VGW to introduce Global Porker in 2016, one of the fastest-growing social poker websites available to gamers & the largest poker room in the US.
Later in 2018, VGW purchased a well-known social games company and created a second social casino brand – LuckyLand Slot. As per the statistics, VGW, one of the most profitable gaming companies and a provider of the best mobile games, reported a record of $3.1 billion in revenue in 2022.
Why Virtual Gaming Worlds?
- Win cash rewards with creative sweepstakes promotions
- Innovative gaming technology that millions of gamers enjoy and find exciting.
- Easy-to-play web browser games for PC, Mac, or mobile devices let you jump right into the action.
- Play along with millions of players across the globe.
2. Mighty Kingdom
A small group of visionaries liked creating games and wanted to alter how they launched the Mighty Kingdom in 2011. Along with creating its unique games, the company creates engaging game experiences with some of the most well-known companies in the world, including LEGO, Disney, Mattel, Sony, Funcom, Moose Toys, Spin Master, and others.
Mighty Kingdom was established in 2011 by CEO Philip Mayes as an app development company, but in 2013 he decided to concentrate only on games. Since then, he has expanded the business from 5 to 80 employees, becoming Mighty Kingdom Australia’s largest independent developer.
Popular games by Mighty Kingdom
Mighty Kingdom Games are hand-made adventures in a studio filled with fun and laughter. Speaking of Mighty Kingdom, some of its popular games are –
- Star trek – Lower Decks
- Conan Chop-Chop
- Gabby’s Dollhouse
Mighty Kingdom, one of the biggest game developers companies based in Australia, reported a record AUD 3.36 million in revenue in 2022.
Halfbrick was established in 2001 and has long been a leader in Australian video game development. They are one of the most well-known independent developers in the world, demonstrating that a small developer from Australia possesses the top-notch abilities required to impact the global market significantly. Fruit Ninja’s popularity on the iPhone and iPad has propelled Halfbrick to become one of the best gaming companies.
From modest beginnings creating licensed games for the GBA, DS, and PSP, Halfbrick has grown its portfolio to include various wildly popular, independently released games on multiple platforms.
Some of the Halfbrick popular games are-
- Fruit Ninja
- Monster dash
- Battle racing cars
Get ready to slice, dice, and battle through Halfbrick games!
The Future of Gaming!
Games are no longer just games. The community is booming, and they are developing into an industry. The expanding esports scene significantly impacts the future of gaming. A collection of virtual worlds called the metaverse offers a unique gaming environment with cross-platform social connections and a friendlier atmosphere. The metaverse is a revolutionary platform for building an immersive digital consumer experience, and an increasing number of organizations are trying to implement ways to use the technology. Gaming companies now include many metaverse gaming projects since there is a growing demand for experiences that can bring our real-life friends into the games we play
Also Read: Top Green Energy Stocks In Australia To Look Out For In 2023
The Content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content), is a service of COLITCO LLP and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such.
Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is not a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Colitco LLP is neither licensed nor qualified to provide investment advice through this platform. Users should make their inquiries about any investments, and Colitco LLP strongly suggests the users seek advice from a financial adviser, stockbroker, or other professional (including taxation and legal advice), as necessary.
Colitco, at this moment, disclaims any liabilities to any user for any direct, indirect, implied, punitive, special, incidental, or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Colitco LLP. Some images/music used on this website is copyrighted to their respective owner(s).
Colitco LLP does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions, or are believed to be in the public domain. We have used reasonable efforts to accredit the head wherever it was indicated as or found to be necessary.