Scopely is expanding its global gaming footprint with a $1 billion deal involving Loom, reinforcing the Kingdom’s broader strategy to invest in interactive entertainment and digital gaming infrastructure.
Saudi owned gaming giant Scopely is advancing its global expansion strategy with a $1 billion deal involving Loom, marking another significant move in the Kingdom’s broader push into interactive entertainment. The transaction underscores the growing influence of Saudi backed capital in the global gaming ecosystem and reflects sustained consolidation across mobile and live-service gaming markets.
Scopely, which was acquired in 2023 for $4.9 billion by Savvy Games Group , a wholly owned subsidiary of Saudi Arabia’s Public Investment Fund has since positioned itself as one of the most active acquirers in the mobile gaming space. Savvy Games Group operates under the umbrella of the Public Investment Fund, the Kingdom’s sovereign wealth vehicle that manages hundreds of billions of dollars in assets and has prioritized gaming and esports as part of its long term economic diversification strategy aligned with Vision 2030.
The $1 billion Loom deal strengthens Scopely’s portfolio at a time when global gaming revenues continue to demonstrate resilience. According to industry data from Newzoo, global gaming revenues surpassed $180 billion in recent years, with mobile accounting for roughly half of total market share. Scopely itself has been a consistent performer in the mobile category, driven by titles such as MONOPOLY GO! and Star Trek Fleet Command, both of which have ranked among top grossing mobile games in multiple markets.
Scopely’s acquisition strategy mirrors broader consolidation trends across the industry. In recent years, Microsoft completed its $69 billion acquisition of Activision Blizzard, while Take Two Interactive acquired Zynga in a $12.7 billion transaction, signaling confidence in long-term digital engagement models despite short-term volatility in gaming valuations. Saudi Arabia has also taken minority stakes in major publishers including Nintendo and Electronic Arts through PIF linked investments, reinforcing its ambition to become a global gaming hub.
The Loom transaction further aligns with Savvy Games Group’s publicly stated goal of investing billions into game development, publishing, and esports infrastructure. Saudi Arabia has simultaneously hosted major esports tournaments and announced plans to develop dedicated gaming districts, aiming to localize parts of the global value chain while continuing outbound investments in established studios.
Scopely’s expansion comes amid evolving monetization strategies across mobile gaming, where publishers increasingly rely on live ops models, in game purchases, and community driven engagement to sustain recurring revenue. Industry analysts note that companies with scalable live-service platforms and strong intellectual property pipelines have demonstrated greater resilience against cyclical advertising slowdowns and platform policy changes.
With the Loom deal, Scopely deepens its operational capabilities while reinforcing Saudi Arabia’s broader ambition to anchor itself within the global gaming economy. As sovereign backed capital continues to target high growth digital sectors, the Kingdom’s presence in gaming once limited to minority stakes is increasingly defined by full scale ownership and strategic consolidation.
