Wednesday, 14 August 2024 06:45 AM
Company Update
COPENHAGEN, DK / ACCESSWIRE / August 14, 2024 / Trophy Games Development (STO:TGAMES)
Facing delays and an unsatisfying outlook for Airport Tycoon, Trophy Games has decided to shut down the small Lithuanian daughter company Piu Piu and to delay Airport Tycoon indefinitely.
CEO Søren Gleie says: "As Trophy Games grows, we want to keep a razor-sharp focus on what's working. Unfortunately, that means shutting down unprofitable projects."
The shutdown is still ongoing but will properly result in an impairment of DKK 3m. The impairment will not alter Trophy Games' guidance for the year.
The shutdown will reduce the headcount in the Trophy Games Group from 55 to 50 full-time employees and reduce costs by around DKK 1.8m yearly.
Contacts
Trophy Games Development A/S
Søren Gleie, CEO
Office (+45) 7172 7573
Email: [email protected]
Mikkel Bryggers Gade 4, 2. sal, 1460 Copenhagen K, Denmark
Certified Adviser
Norden CEF
John Norden
Email: [email protected]
A/S Kongevejen 365, 2840 Holte, Denmark
About Us
Trophy Games is a data- and business-driven game company with a no-bullshit mentality. We build games around real-world interests to immerse players in their passion online!
SOURCE: Trophy Games Development