Hints and tips:
Related Special Reports
...China’s video game market had been slowly recovering from rules that authorities implemented in 2021 to limit the time minors could spend on gaming....
...The market is expected to generate $8.5bn in gross revenues this year in the US, according to Eilers & Krejcik Gaming....
...Microsoft’s move to hand off a large portion of Activision’s cloud gaming rights to Ubisoft won its $75bn deal an initial nod from the UK’s Competition and Markets Authority last week....
...Riyadh Season is led by Turki al-Sheikh, who chairs the General Entertainment Authority....
...A more stringent attitude by competition authorities to enforcement has also deterred companies from launching bids for rivals....
...to figures from the Gaming Inspection and Coordination Bureau....
...Entain announced in May that it was entering into deferred prosecution agreement with prosecutors in relation to an investigation by the UK tax authority into GVC’s sale of its former Turkish subsidiary...
...The agreement with Ubisoft forces Microsoft to give up control of Activision’s blockbuster franchises in the cloud gaming market and prevents them from becoming exclusives on its Xbox Cloud Gaming service...
...The latest demands are the culmination of a long-running dispute between Indian tax authorities and fantasy sports and gaming companies over the amount they owe....
...Ladbrokes owner Entain has revealed it is facing a fine in the UK over historic corporate misconduct at its former Turkish online gaming business....
...Late last year, Bet365 withdrew from India after the ministry of finance imposed a 28 per cent tax on offshore betting companies, in a sign of its caution over running into trouble with authorities....
...This was music to the Hong Kong authorities’ ears, more accustomed lately to foreign investors departing amid heightened tension between China and the west....
...Over the past two years, the Biden administration has tightened China’s access to crucial AI chips, leading companies to stockpile ahead of bans, repurpose Nvidia gaming chips or resort to the black market...
...Under Nygaard-Andersen, Entain has made 11 bolt-on acquisitions of gaming companies, with varying degrees of success....
...The centrepiece of the two US companies’ revised pitch to the Competition and Markets Authority, was a deal to sell Activision’s cloud streaming rights to France-based rival Ubisoft....
...The UK’s Competition and Markets Authority on Friday said it would push back a July 18 deadline for it to block the deal until August 29, after receiving a “detailed and complex submission from Microsoft...
...On Tuesday, the Competition and Markets Authority announced a final order which prevents the original deal from completing worldwide....
...The two companies submitted a new proposed merger agreement to the Competition and Markets Authority on Tuesday, giving exclusive rights to France-based games rival Ubisoft to distribute Activision Blizzard...
...Indian authorities plan to introduce a new online gaming tax despite a fierce backlash from companies and investors who warn it will kill the fast-growing multibillion-dollar industry for fantasy sports...
...But the forecasting challenges facing investors in the social media group are not all that much worse than those facing, say, a computer gaming company or a movie studio....
...The regulatory restrictions led to several of the smaller gaming studios closing down after authorities stopped issuing new gaming licences for nine months....
...It already applies to dozens of regulators, including the Gambling Commission, the Food Standards Agency and the North Sea Transition Authority, formerly known as the Oil and Gas Authority....
...to a bribery investigation by the UK tax authority....
...The CMA is still investigating the impact of the deal on cloud gaming....
...New documents submitted by Microsoft to the Competition and Markets Authority on July 25 and published on Monday argue that the deal warrants fresh consideration....
International Edition