Page 16 - Gaming Industry

World Bank chief flays Microsoft's $69 bln, questions capital allocation

David Malpass says more capital needed to flow into poor countries, but such allotments have been disrupted.

Microsoft reportedly discontinues manufacturing all Xbox One consoles

As per the report, the company seems able to meet the demand for the $299 Xbox Series S, though

Rooter raises $25 million from Lightbox, March Gaming and others

According to a report issued by RedSeer and Lumikai, India is expected to be home to 700 million gamers by 2025

India among top 10 countries to tweet most about gaming in 2021: Report

India ranked at 10th spot among countries that tweeted the most about gaming in 2021, a report said on Tuesday.

Tier-3 cities in India see massive boom in mobile gaming in 2021: Study

The top 30 of them reported up to 170% more gamers than in 2020. Some of the small towns have more than 100% to up to 200% growth in online gamers

Gaming startup EsportsXO raises $1.1 mn in seed round

EsportsXO facilitates opportunities for game publishers and brands to launch custom tournaments for users.

Fortnite servers back online after major outage for over 6 hours

The popular mobile game Fortnite is finally back online after a major outage that lasted more than six hours.

In India you don't have casual payer, you have casual player: Games24x7 CEO

'Gaming came into the limelight during the pandemic, and we also saw a bunch of states passing laws to ban this space'', said Bhavin Pandya

Tech giant LG unveils its 'first gaming laptop' with 11th Gen Intel CPU

South Korean tech giant LG has unveiled its first gaming laptop 'UltraGear 17G90Q' with 11th Gen Intel CPU.

World's biggest junket operator Alvin Chau held, Macau casino stocks sink

The detention Chau marks the first time such a high-profile figure in the gaming industry has been targeted

Dream 11 parent Dream Sports raises $840 mn at valuation of $8 bn

The firm had raised $400 million in its previous funding round at a $5 billion valuation in March this year

Indian mobile gaming sector revenues to grow to $5 bn by 2025: Report

There are now over 300 million gamers in India, and revenue across all gaming devices reached $1.8 billion in 2020

Investments in Indian gaming top $1.6 bn till Sept, surpass total of 5 yrs

Though monetisation in India is only 1% of global share, report by investment bank Maple Capital Advisors sees strong growth in domestic sector with heavy spending by users

It's game on for online players, but regulatory woes in India remain

$794 mn investments pumped into Indian gaming industry in 2021, but regulatory woes remain

Metaverse exceeds current virtual reality simulations tenfold: Sinha, Kumar

The metaverse is yet to become a reality but many industry leaders are obsessed with the idea

Gaming apps block access in Karnataka as ban takes effect

The latest ban has intensified concerns that growing state regulations could hit the nascent but booming gaming sector in India

Indian gaming market poised to reach $3.9 billion by 2025: Report

The report highlighted that 40 per cent of the hardcore gamers pay for their games with an average spend of Rs 230 per month.

Online gaming firms are building sophisticated fraud detection mechanisms

By 2023, the Indian online gaming sector is expected to reach a value of $2 billion in terms of fees earned, up from $543 million in 2016

Surge in gaming PCs, monitors expected to continue, says report

Gaming PCs - both desktop and notebook - unit shipments are expected to grow from 41.3 million in 2020 and to 52.3 million in 2025, says a new report.

New limits give Chinese e-gamers whiplash. Again

Complex relationship: A major source of entertainment in the country, games offer a social outlet and an easily accessible hobby. Yet, state media has called games "poison" and "spiritual pollution"