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Asmodee writes down more than $620m of asset value despite posting strong annual sales

Tabletop gaming giant Asmodee has written down the value of its assets by more than $620m, with owner Embracer Group blaming macroeconomic headwinds, rising interest rates and "prudent future expectations".

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Asmodee’s owner loads it up with €900m debt amid plan to spin off board game giant, CEO Carville to be replaced

Asmodee's troubled corporate owner Embracer Group has revealed plans to spin off the tabletop gaming giant, which will see the business take on the vast majority of its parent company's hefty debt pile.

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Embracer Group commits to Asmodee’s future as restructuring program ends

The CEO of Asmodee’s troubled corporate owner Embracer Group has praised the tabletop giant as "one of the absolute most important businesses we have", as the parent company prepares to end a severe restructuring process which has seen it lay off about 1,400 people.

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Asmodee continues whittling down Plan B Games, shifts trio of award-winning games to Lookout Spiele

Tabletop gaming giant Asmodee has moved Camel Up, Village and the entire Great Western Trail series to subsidiary Lookout Spiele, continuing a slow exodus of titles from Plan B Games.

Mike Didymus-True
20 February 2024
1 Comment

News

Asmodee shines while owner Embracer Group continues large-scale cost-cutting

Tabletop gaming giant Asmodee's corporate owner Embracer Group is planning more big divestments, amid its ongoing struggle to pay down huge debt taken on to fund a string of acquisitions in recent years.

Mike Didymus-True
15 February 2024
2 Comments

A kitten on an exploding earth illustrating the Exploding Kittens card game

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Troubled Embracer Group using Asmodee IPs for more than 20 video game projects

Tomb Raider and Borderlands developer Embracer Group is planning a slew of video games based on Asmodee's board game range, as the company tries to leverage its intellectual property amid plans to slash its $1.45bn of debt.

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Asmodee owner Embracer Group to make layoffs to help tackle $1.45bn debt pile

Asmodee parent company Embracer Group is letting go some of its 17,000 staff as part of a restructuring program aimed at slashing its $1.45bn of debt.

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Asmodee’s first full-year results since €2.75bn Embracer buyout shows board games sales declined in ‘hesitant’ Q4

Tabletop gaming giant Asmodee saw its board game sales decline slightly in Q4 due to a "more hesitant market environment", figures from the company's first full-year results since its €2.75bn buyout by Embracer group show.