billairboy
Elite
- Joined
- Mar 25, 2007
- Posts
- 3,131
- Location
- Örnsköldsvik, Sweden
- Avatar Name
- Bill Airboy Ivanhoe
Deposits down,withdrawals up, thats basically sums it all up
All that socialistic and keynesians economic ideas MA had last 2 years lead to this point. Withdrawals grew over 30% just in one year and there is no panic yet ingame.
You can't know if the withdrawals grow or not, because nowhere in the report do they say how much was withdrawn from the game. The only leave for numbers for the net-deposits, which decline with 6,1%. So before you screaming about big increased in withdrawals, show me where you got that information from? Because the withdrawals 2014 was around 25MPED and if the withdrawals increase with 30% that would mean around 7,5 MPED. But the net-deposits (deposits - withdrawals) decreased with only 4.0 MPED, so it that case the deposits increased with 3,5MPED?
More likely the withdrawals actually decline, even if I can't know that for sure, and the deposits declined. And why did the deposits decline? Well, one explanation is that the usd was a lot more expansive during 2015 compared to the average of 2014. Not a problem for an american, but for non-US players you will get less PED for the same amount of money. Players have a limited budget to spend on the game. So even if the players deposit the same, or even more, real currency the net-deposits in PED could decline because the higher price for the PED.
English version on the report is out:
http://www.mindark.se/investor-relations/financial-reports/documents/ANNUAL_REPORT_MindArk_2015.pdf