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Given its convenience and social aspects, multiplayer online gaming could continue its fast growth and transform the gaming industry away from the console model.
Activision Blizzard, Inc.
Electronic Arts Inc.
Take-Two Interactive Software, Inc.
Caesars Entertainment Corporation
Churchill Downs Incorporated
International Game Technology PLC
Glu Mobile Inc.
Cheetah Mobile Inc.
Today we will run through one way of estimating the intrinsic value of Momo Inc. (NASDAQ:MOMO) by taking the foreast...
The Canadian dollar is flat on Friday, but that could change in the North American session. Canada and the U.S. will both release key employment numbers at 15.:30 GMT.
Nonfarm payrolls from the U.S will influence later in the day. The UK election opinion polls and trade news also need a watchful eye.
The Canadian dollar is steady on Thursday, after an optimistic Bank of Canada rate statement boosted the currency. Higher oil prices have also contributed to the Canadian dollar gaining ground.
Century Casinos' (CNTY) the Isle Casino Cape Girardeau ("Cape Girardeau") and Lady Luck Caruthersville ("Caruthersville") buyouts are likely to be sealed this December.
(Bloomberg) -- Playrix Holding Ltd., a mobile-game developer that made billionaires of its Russian founders, has bought into about a dozen studios to take on the likes of Activision Blizzard Inc. and Electronic Arts Inc.Brothers Igor and Dmitry Bukhman said in an interview that by 2025 they want Playrix’s sales to catch up with those of the U.S. gaming giants. Over the past year they’ve spent more than $100 million on acquisitions and are planning to more than quadruple their portfolio of titles from about four that are available now.While the gaming industry is awash in investors from KKR & Co. to Zynga Inc., the Bukhman brothers are determined to go it alone. They told Bloomberg News in April that while Wall Street dealmakers such as Goldman Sachs Group Inc. had been in touch, they wanted to expand the business themselves.Since then, the brothers haven’t been persuaded of the merits of giving up control over Playrix in favor of a bigger pot of cash to spend. They prefer to leverage their understanding of the industry to act as a consolidator and nurture smaller players.“Many firms are seeking acquisition targets to add to their revenue and show growth to investors,” Igor said. “We don’t have this pressure and are taking a more long-term approach -- we are helping our portfolio companies to grow. We are sharing our experience and playing a role in their growth.”Playrix said 2019 revenue is likely to reach $1.5 billion, as much as 30% more than the previous year’s, from sales of existing games including Gardenscapes. It was the ninth-biggest publisher last year, according to independent gaming data provider App Annie.New TitlesThe Bukhman brothers are betting their new titles, to be released over the next two years, will push sales into the realm of rivals such as Activision, which reported $7.5 billion in revenue for 2018.“Within five years, we are seeking to join the same league as Activision Blizzard or NetEase Inc., but in the European region,” said Igor, without specifying a revenue target.Playrix’s purchases include studios in Ukraine, Serbia, Russia, Croatia and Armenia, and the 600 people added boost its headcount by more than 50%. The investments range from 30% holdings to controlling stakes in companies that will continue to operate independently. These include Nexters, based in Cyprus and one of Europe’s 10 top-grossing game developers, and Vizor Games, based in Belarus.The brothers are valued at about $1.4 billion each by the Bloomberg Billionaires Index. They landed in the rankings by creating a new variety of match-3 games, which involve completing rows of at least three elements to progress through an animated storyline. The latest acquisitions will allow expansion into gaming genres such as hidden object and simulation.The mobile gaming business is set to exceed $68 billion in revenue this year, according to researcher Newzoo, and have been attracting attention from investors. Playrix will have to compete against these deep-pocketed players if it’s to achieve its goals.Zynga acquired Finnish developer Small Giant Games for $560 million last year, while Israeli Playtika Ltd bought Germany’s Wooga and Austria’s Supertreat. KKR-backed AppLovin invested in Belarusian developer Belka Games and two other firms in September.“Capturing lightning in a bottle twice is the true challenge for a creative firm,” said Joost van Dreunen, managing director of SuperData, Nielsen’s game research arm. “With the popularity of Gardenscapes, Playrix has finally established itself as a force to be reckoned with. However, to build a legacy it will need to repeat this trick.”(Adds analyst comment in last paragraph.)To contact the reporters on this story: Ilya Khrennikov in Moscow at email@example.com;Alex Sazonov in Moscow at firstname.lastname@example.orgTo contact the editors responsible for this story: Rebecca Penty at email@example.com, Jennifer Ryan, Thomas PfeifferFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Canadian dollar has posted strong gains after the BoC held rates and sent a positive message to the markets. EUR/GBP has posted sharp losses, as British Construction PMI beat the forecast.
The overnight rate stays at 1.75 per cent for the ninth straight meeting, where it’s been since last October.
It’s a busy day ahead. Geopolitics, the BoC and service sector activity will keep the markets busy on the day ahead…
Call of Duty®: Modern Warfare® Season One, featuring the new Battle Pass as well as the largest free content offering in Call of Duty history, is available now. Starting today with Season One, players across all platforms can jump in together to play new multiplayer maps, modes, co-op experiences, in-game events and more. In addition, the new Modern Warfare Battle Pass System gives players more ways to customize their experience by earning new content, including base weapons, weapon blueprints, weapon charms, and other vanity items just by playing the game.
The Canadian dollar continues to trade sideways this week. With no Canadian events on the schedule, I expect a quiet North American session for USD/CAD. That could change on Wednesday, as the Bank of Canada holds its monthly policy meeting.
Zacks.com featured highlights include: Hilltop, Mr. Cooper, Universal Forest Products, Newell Brands and Changyou.com
The RBA gives the Aussie Dollar a boost as it holds back from any rate cut talk. Chatter on trade and UK politics will garner the market attention today.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...