Epic Trading Card Mint is on fire
Posted October 19, 2018 05:25:23 Epic Trading Cards is on the brink of bankruptcy after two of its largest trading card mints ran into financial difficulties.
The online gaming card mint known as Epic Trading card mint had a record $6 billion in revenue last year, according to a report from Reuters.
The card mint said on Thursday it was shutting down, according the report.
The business has been in existence for more than a decade.
Epic Trading, based in the US state of Florida, had $5.3 billion in total revenue last June.
The company’s shares are down more than 30% in 2017.
Epic Trading is the largest trading cards and trading card merchandise retailer in the world.
It operates in China, Japan, Australia, South Korea, the United Kingdom, Canada, India, Singapore and Malaysia.
It’s been in the trading card industry for nearly two decades, and it’s one of the largest card and trading cards trading card businesses in the UK.
The company’s board of directors voted unanimously to liquidate the business and close it down, the company said in a statement.
“Epic has been on a steady, downward path for many years, and now we are in the midst of a full-fledged financial crisis,” CEO Rob Schuster said in the statement.
“The company has faced financial problems for a long time, but the company’s management has consistently done the right thing and invested heavily in the business.
This is what the company needs.”
Schuster said Epic Trading will continue to operate on a temporary basis.
The news comes amid a massive trade deficit that the company has been battling with over its ability to meet the increased demand for trading cards.
The stock fell $1.5% in late September.
The loss comes as the industry has been rocked by a spate of cyberattacks that have hit more than 200 major card and trade card retailers.
Last week, the UK government imposed a ban on online trading after hackers stole more than 600,000 card and card-related trading cards from several retailers and online retailers.
In March, China suspended its $US20 ($26.45) trading card surcharge for the first time since 2009.
Last year, the British government introduced a new $US50 ($66.75) tax on online trade to stem the surge in trading cards after it hit a record high of $US4 billion in trading volume.
In the US, more than 400 card and related trading card retailers closed as of Sept. 30.