Although Jagex was initially being cagey

It is official: RuneScape developer Jagex was marketed to RuneScape gold some shell company. To be fair to Jagex, the programmer that makes RuneScape, it was already owned by a Chinese company called Fukong after being bought by Hongtou Holdings in 2016. Then it went. Rumors surfaced that Fukong tried to sell Jagex in order to repay its debts, last summer. A report surfaced that the company was sold to an American firm called US Platinum, which was a completely unknown entity at the moment.

In the House of Commons report, Jagex's Director of Player Expertise Kelvin Plomer stated that gamers may only spend around?1,000 a week or?5,000 per month. This amount seems to come from a fraud-protection standpoint, instead of from trying to protect players. Of course, it did not stop one player from establishing a debt that caused"major financial harm" to both him and his parents.

Although Jagex was initially being cagey about its financial future, we finally have official confirmation that Fukong has sold Jagex to US Platinum Fortune to the price of $530 million USD.The news comes via Reddit user Jin001, who had been kind enough to interpret the various Chinese financial statements. They affirm that the sale but also state that US Platinum is not what it seems. It's, in actuality, a shell corporation registered in Delaware - a country called a tax haven thanks to its own probate tax laws and unenforced corporate legislation. A Chinese lawyer residing in the usa also possessed it.

RuneScape Player Drops On Microtransactions, Proves Concerns Over Pay-To-Play Plans Are Valid

Disappointment over microtransactions in popular fantasy RPG RuneScape has come to a head recently, following a report from the UK House of Commons about high levels of spending in games. Anger about RuneScape's pay-to-play clinics started in 2012 when RuneScape introduced a chance game named Squeal Of Fortune that gave rewards, including armor, in-game currency, or experience points. Players had chances to win if they played real money.

Squeal Of Fortune was replaced by Treasure Hunter, which gave players the ability to start out loot box-like treasure chests with keys that may be earned or purchased. However, it was only when player backlash within the Prize Pool advertising, which let players bet their Treasure Hunter winnings for better prizes, that many thought RuneScape programmer Jagex had crossed a line.

Remarks on Reddit all say this is a move save some cash and to avoid paying UK taxes. Nevertheless, shares with Fukong allegedly fell 15% after news broke of the transparent push to avoid paying taxes.Taxes are a huge thing in the British games industry lately. National headlines were made after it was disclosed that a few of the greatest names in gambling were dodging taxes by launching shell businesses. Rockstar Games and Activision Blizzard are two of the biggest names which use this strategy to avoid paying millions.

Fukong doing precisely the same thing is unexpected, but it's notable for a company that appears to be osrs how to buy gold in some financial trouble. One wonders if RuneScape will still be around for much longer.