Wargaming.net LLP Undergoing Dissolution

Did tanks start getting spoiled? Wargaming recently dissolved the „mother” company in London. (Seb: they also opened a new mobile division recently, so do not be afraid that WG is dying)

The Wargaming.net LLP company registered in London, which was owned by the Cypriot Wargaming.net Ltd, the developer of MMO games, the most popular of them being World of Tanks, has filed for liquidation. This is stated in the materials of the British Registration Chamber.

The reasons for this decision were not indicated yet. Although the company is liquidated according to the norms of bankruptcy law, an expert in jurisprudence says that in WG’s case, this is not a classic bankruptcy. Market participants believe that this decision was made in order to not disclose the company’s financial statements anymore.

Wargaming.net LLP in the form of a limited liability partnership was registered in London in 2008 by a group of companies of the British Virgin Islands that became the owners of rights and the holders of the trademark World of Tanks.

British reports indicated that Wargaming.net LLP is owned by two companies in Australia and one in Cyprus, who are the owners of other „tank” structures. Earlier it was reported that since 2011 the headquarters of Wargaming is in Cyprus, where they migrated, including the founders of the company. Maybe something has changed since that time? In a press statement of the company it was confirmed that the head office is located in Cyprus, and about relations with other agencies, WG refused to comment.

Wargaming also refused to comment on this information. They also refused reporting their financial earnings of 2016.

Our opinion on this matter? If you read between the lines, you can notice that WG tries very hard to hide their earnings, apparently. We don’t know why, but I automatically assume they are cowards.