# Bagelcode

> Bagelcode is a Seoul-based mobile-game developer and publisher best known for Club Vegas Slots, Cash Billionaire and Jackpot Madness. Founded in 2012 by Junyoung Kim and Ilhwan Yoon, it learned from a failed puzzle game, built a business around measurable free-to-play behavior, acquired a UK social-games operation for £18.1 million and eventually turned profitable. Its transferable lesson is not 'make a casino game'; it is to treat product, distribution and payback data as one operating system - a method that works best for teams with enough traffic, creative throughput and financial patience to run meaningful experiments.

- **Founded:** 2012
- **Headquarters:** Seoul, South Korea
- **Founders:** Junyoung Kim (Co-founder and Co-CEO), Ilhwan Yoon (Co-founder and Co-CEO)
- **Team size:** Approximately 220-230 employees in the supplied company data and 2023 public reporting; LinkedIn lists a 201-500 employee band.
- **Products:** Epic Diamond Slots, Vegas Party Slots, Club Vegas Slots, Jackpot Madness, Bingo Lane
- **Notable:** Club Vegas crossed $250 million in cumulative revenue by February 2024., Bagelcode reached its first annual operating profit in 2022, reporting ₩93.2 billion in revenue and ₩3.4 billion in operating profit., The company reported ₩106.2 billion revenue and ₩4.4 billion operating profit for 2023.

## Products & services

- **Epic Diamond Slots** — An early social-casino title in Bagelcode’s portfolio.
- **Vegas Party Slots** — Bagelcode’s first breakout social-slots title, originally published with Big Fish Games.
- **Club Vegas Slots** — A free-to-play social-slots game with clubs, events and virtual currency, available across mobile and other platforms.
- **Jackpot Madness** — A social-casino title with more than 200 exclusive slot games, obtained through Bagelcode’s UK acquisition lineage.
- **Bingo Lane** — A multiplayer bingo game built around rooms, collections and social progression.
- **Cash Billionaire** — A free-to-play casino game with slots, clubs, missions and live events.
- **Golden Mango Casino** — A slots title combining casino themes, social events and bonuses.
- **Blood Invasion** — A vampire-themed idle action RPG developed by Bagelcode and globally published with SayGames.
- **Pack & Clash** — A strategy roguelike centered on arranging a magical backpack and exploring dungeons.
- **Town Fall** — An adventure tower-defense RPG in which players defend a city from monsters.

## Achievements

- Club Vegas crossed $250 million in cumulative revenue by February 2024.
- Bagelcode reached its first annual operating profit in 2022, reporting ₩93.2 billion in revenue and ₩3.4 billion in operating profit.
- The company reported ₩106.2 billion revenue and ₩4.4 billion operating profit for 2023.
- The company reported ₩111.7 billion revenue and ₩13.8 billion operating profit for 2024.
- Club Vegas entered the US Google Play games top-grossing top 100 in 2022.
- Major titles including Club Vegas, Cash Billionaire and Jackpot Madness have collectively reached more than 50 million players, according to the company.
- Blood Invasion exceeded 250,000 downloads during its global launch weekend in July 2025, according to publishing partner SayGames.
- Bagelcode was recognized as a 2024 Korean 'Venture 100 Billion Company' after surpassing ₩100 billion in annual revenue.

## Latest updates

- **2026-04** — Bagelcode described an 'AI First' operating model in which employees use role-specific agents and tools; company interviews said some coding workflows now begin with agent-produced pull requests.
- **2026-03** — The company blog published an internal case study on DAVIS, a data assistant built on Databricks Genie.
- **2025-07** — Bagelcode and SayGames globally launched Blood Invasion after several months of soft-launch iteration.
- **2025-06** — Bagelcode added Blood Invasion to its official company history and expanded its portfolio beyond social casino.
- **2024-11** — Bagelcode was named among Korea’s 2024 Venture 100 Billion Companies after reporting more than ₩100 billion in annual revenue.
- **2024-04** — The company reported 2023 revenue of ₩106.2 billion and operating profit of ₩4.4 billion; Club Vegas had exceeded $250 million in cumulative revenue.

## Links

- Website: https://www.bagelcode.com/en/
- LinkedIn: https://www.linkedin.com/company/bagelcode/
- YouTube: https://youtu.be/cbU-Ou22b7c
- Facebook: https://www.facebook.com/playpartyslots

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Profile page: https://yespress.io/bagelcode
Published by YesPress — https://yespress.io
Last updated: 2026-08-20