Ladbrokes owner GVC raises full-year outlook as online gaming surges October 8, 2020 Ladbrokes owner GVC Holdings has raised its full-year outlook as revenue jumped 12 per cent in the third quarter helped by a surge in online gaming and sporting events.
888 shares rocket 25 per cent as gambling firm raises full-year expectations September 30, 2020 888 shares ballooned as much as 25 per cent this morning as the gambling giant raised its full-year expectations after reporting a 130 per cent hike in profit during the pandemic. The results 888’s group revenue swelled 37 per cent to $379.1m (£295.8m) in the six months to 30 June, up from $277.3m in the [...]
Government cracks down on loot boxes in bid to curb child gambling September 23, 2020 The government is considering banning controversial loot boxes in video games as ministers seek to crack down on problem gambling among younger generations. The Department for Digital, Culture, Media and Sport (DCMS) is today launching a consultation on the video game features, which gamers can purchase for the chance of receiving randomised virtual items. Ministers [...]
Google Stadia responds to complaints over lag on gaming platform November 19, 2019 Google’s Stadia has responded to complaints that lag is affecting services on the new cloud-based game streaming platform. Early adopters have complained about latency – delays between when they press a button and that action being carried out in-game – on the new service. Read more: Google announces Stadia game streaming platform Google vice president [...]
Shares in Angry Birds maker Rovio crash as it lowers outlook September 12, 2019 Shares in the company behind hit video game Angry Birds dropped more than 20 per cent this morning after it lowered its revenue forecast for the full year. Read more: Angry Birds maker Rovio predicts bumper 2019 despite halved profits Rovio said it now expected to post revenue of between €295m (£264m) and €310m, down [...]
MPs call for regulation of video game ‘loot boxes’ amid gambling concerns September 12, 2019 The government is facing calls to regulate so-called loot boxes in video games and ban their sale to children amid growing concern they are harming players. Loot boxes, which refer to in-game purchases that award players random items or modifications, have become increasingly prevalent in console and mobile games in recent years. Read more: Competition [...]
Levelling up: London investor Beringea backs e-sports firm Fnatic in $19m round May 1, 2019 Monica Vinader-backer Beringea has participated in a $19m (£14.6m) round for global e-sports brand Fnatic. The round was led by tech entrepreneur Lev Leviev of LVL1 Group, who also joins the board, with new and continued support from investors including Beringea, Blackpine, Unbound and Joi Ito. The Hackney-headquartered company will use the funding to bolster its place [...]
Game over? Competition watchdog to probe console video gaming autorenewals April 5, 2019 The Competition and Markets Authority (CMA) today launched a consumer law investigation into the console gaming sector. The watchdog said the investigation would focus on the auto-renewal practice of Nintendo Switch, Playstation and Xbox. Read more: Astro Bot Rescue Mission is the PlayStation VR's killer app It said it was “concerned about whether some of [...]
Ladbrokes-owner GVC increases gambling revenue in first quarter April 5, 2019 GVC said today that it had increased gambling revenue in the first quarter by eight per cent. In a trading update, the Ladbrokes-owner said online net-gaming revenue (NGR) increased 17 per cent, which it said included strong volume growth in all territories. Read more: GVC shares plunge as bosses offload majority of their holdings UK [...]
Apple’s big ecosystem play March 26, 2019 | City Talk Doubts and unanswered questions aplenty following last night’s glitzy event, but make no mistake this was another big step in the pivot towards making Apple more of a services business. You would call this an ecosystem play, with new services designed to strengthen the bonds between consumers and the brand. Services revenues have soared lately [...]