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Online Gaming World

Online Gaming World

6.65k followers14 symbols Watchlist by Motif Investing

Given its convenience and social aspects, multiplayer online gaming could continue its fast growth and transform the gaming industry away from the console model.

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  • Reuters10 hours ago

    China releases new rules on game approvals

    China's press and publication regulator has issued new rules on applications for publishing online games in China, signalling a possible acceleration in the handing out of formal approvals. China stopped granting licences to monetize online games in March 2018, hurting the industry and developers such as Tencent Holdings Ltd and NetEase Inc. It started up approvals again in December, only to ask local governments to pause on submitting applications in February.

  • Will Take-Two (TTWO) Beat Estimates Again in Its Next Earnings Report?
    Zacksyesterday

    Will Take-Two (TTWO) Beat Estimates Again in Its Next Earnings Report?

    Take-Two (TTWO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Atlanta businessmen's horses to race in Kentucky Derby
    American City Business Journalsyesterday

    Atlanta businessmen's horses to race in Kentucky Derby

    Atlanta businessmen Dean Reeves and Tyler Alexander both have ties to thoroughbred contenders — horses Tax and Plus Que Parfait — in the May 4 race at Churchill Downs in Louisville, Ky.

  • Top Video Game Company Stocks of 2018-2019
    Investopedia2 days ago

    Top Video Game Company Stocks of 2018-2019

    Video games have evolved in a multi-billion dollar industry supported by advancement in technology, high-speed connectivity, and customized gadgets.

  • Momo Inc. (MOMO) Stock Sinks As Market Gains: What You Should Know
    Zacks2 days ago

    Momo Inc. (MOMO) Stock Sinks As Market Gains: What You Should Know

    Momo Inc. (MOMO) closed the most recent trading day at $35.67, moving -1.03% from the previous trading session.

  • Top 4 Technology Penny Stocks to Watch
    Investopedia2 days ago

    Top 4 Technology Penny Stocks to Watch

    These stock picks are a selection of technology penny stocks that look like they could outperform in the first quarter of 2019.

  • Churchill Downs to invest $8 million in equine medical center at Louisville track
    American City Business Journals2 days ago

    Churchill Downs to invest $8 million in equine medical center at Louisville track

    Churchill Downs Inc. said Thursday that it will spend $8 million to construct a new equine medical center and quarantine facility in Louisville as part of a series of safety reforms. The move is aimed at improving the standing of horse racing amid controversy over Thoroughbred racing deaths at Santa Anita Park and other tracks. The Louisville-based racing and gaming company said the facility will open in March 2020 on the backside of Churchill Downs Racetrack.

  • CNBC2 days ago

    Apex Legends' viewership hours plunged 75% from their peak since the game's launch. Here's what that says about today's gaming and streaming space

    Apex Legends once dominated gaming livestreams, but its declining viewership points to some key trends in the gaming industry.

  • American City Business Journals2 days ago

    Inside the new offices of Vicarious Visions, the video game studio behind Guitar Hero and Destiny

    Vicarious Visions looked at office space in downtown Albany, on Wolf Road and in downtown Schenectady before deciding to expand to a new space in Colonie.

  • Why Electronic Arts (EA) Could Beat Earnings Estimates Again
    Zacks2 days ago

    Why Electronic Arts (EA) Could Beat Earnings Estimates Again

    Electronic Arts (EA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Carl Icahn Pushes for Caesars Entertainment Sale Again
    Motley Fool2 days ago

    Carl Icahn Pushes for Caesars Entertainment Sale Again

    But can any gaming company that would want it actually afford to buy it?

  • Blackstone Seeks a Buyer for Las Vegas's Cosmopolitan
    Bloomberg3 days ago

    Blackstone Seeks a Buyer for Las Vegas's Cosmopolitan

    The investment firm is working with Deutsche Bank AG and PJT Partners Inc. to solicit interest from potential buyers for the resort, which could fetch $4 billion or more, said the person, who asked not to be named because the matter is private. Representatives for Blackstone and Deutsche Bank declined to comment. Blackstone acquired the hotel and casino for $1.73 billion in 2014 from Deutsche Bank, which gained ownership through a crisis-related loan default in 2008.

  • Churchill Downs (CHDN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks3 days ago

    Churchill Downs (CHDN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Churchill Downs (CHDN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Is Zynga Poised for Significant Growth in 2019 and Beyond?
    Market Realist3 days ago

    Is Zynga Poised for Significant Growth in 2019 and Beyond?

    These Tech Stocks Could Be Overvalued at Their Current Prices(Continued from Prior Part)ZNGA’s returns The stock of gaming company Zynga (ZNGA) has generated a return of 51% in the last 12 months. Since the start of 2019, the stock is up 36%.

  • Why Take-Two Interactive Might Be a Good Buy Right Now
    Market Realist3 days ago

    Why Take-Two Interactive Might Be a Good Buy Right Now

    Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)Trading at a discount to estimates The average 12-month price target for Take-Two Interactive (TTWO) is $122.20, which is 30% below its current target price. Around 80%

  • Why Take-Two Stock Stands Out From the Pack
    InvestorPlace3 days ago

    Why Take-Two Stock Stands Out From the Pack

    So far, 2019 has been a difficult year for video-game stocks.The industry was rocked by the unexpected popularity of the free video game, Fortnite. Meanwhile, questions regarding in-game purchases have created uncertainty about how game makers will generate the bulk of their profits moving forward. However, with gaming stocks struggling to make a comeback, now could be great time to buy one or more of them.Source: Shutterstock Not all gaming stocks are created equally, especially now that the industry has become crowded and competitive. Many new trends emerged over the past year, including rising PC gameplay and the introduction of subscription services and in-game purchases. While all of the industry's larger players are working to take advantages of these new growth avenues, one stock stands apart for its commitment to continue doing what works for its customers: Take-Two Interactive (NASDAQ:TTWO). InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Wonderful REITs to Buy Today In-Game PurchasesUnlike many of its competitors, TTWO stock hasn't relied heavily on in-game purchases. The firm has added some in-game extras, but doesn't depend as heavily on that type of revenue as some of its peers. Last year, Activision Blizzard (NASDAQ:ATVI) made more money on so-called "microtransactions" than it did on sales of games. By contrast, only about a third of TTWO's revenue comes from in-game purchases. Some may see that as a negative because Take-Two isn't capitalizing on a money-making opportunity. However the firm's decision to limit the amount of in-game purchases has resonated well with its audience and positioned TTWO's games as offering better value than many others on the market. Snubbing PCsAnother divergent path that TTWO has taken is remaining focused on its console offerings. PC gaming has been becoming more popular, leading firms like Activision and Electronic Arts (NASDAQ:EA) to develop a wide range of PC games in addition to their console offerings. Take-Two has released a PC version of the latest version of its Grand Theft Auto franchise, but so far TTWO has not released a PC version of its Red Dead Redemption 2 game.Again, this could easily be classified as a missed opportunity, but TTWO is sticking to what it does best: making great console games. Instead of trying to do everything for every kind of gamer, Take-Two is focused on keeping its console content high-quality. Ultimately, that approach should be favorable for TTWO stock. Mobile MarketWhile Take-Two has decided not to embrace some of the emerging trends in the gaming sector, the firm is looking to exploit the growth of gaming on mobile devices. TTWO acquired Social Point back in 2017 in an effort to beef up its mobile-game portfolio, and the company has promised to expand its mobile-sports-game offerings and roll out other new games for mobile devices in the years to come. Content Is King for TTWO StockThere's no argument that Take-Two has some of the best content in the industry; that's what truly sets it apart from other game makers. Management has tried to preserve that reputation by basing most of its strategic decisions on maintaining its high level of quality, even as the firm looks to exploit new growth avenues.TTWO stock is heavily dependent on the success of two major franchises: Grand Theft Auto and Red Dead Redemption. That's risky because it puts all of the eggs of the owners of TTWO stock into two baskets, but on the other hand, that laser focus has kept the company at the forefront of the gaming industry. The releases of Take-Two's latest games have rivaled blockbuster-movie premiers, putting the firm on another level compared to its peers. TTWO's Financials Make Take-Two Stock More AttractiveIt's also worth mentioning that TTWO stock is backed by a solid financial foundation, making TTWO stock more attractive. Take-Two has around $1 billion of cash on hand and virtually no debt obligations; that means the firm can easily survive a downturn and invest in new growth opportunities comfortably. The Bottom Line on Take-Two StockThe gaming sector is volatile, and TTWO stock does carry some risk. Compared to its peers, TTWO stock, with a price-earnings ratio of 56, isn't cheap. The firm's strategy, while bold and differentiated, exposes the owners of TTWO stock to a lot of risk, since TTWO stock will likely sink if a game from one of TTWO's key franchises isn't well-received.But if you're comfortable taking on some risk and you can sit through the inevitable volatility of the video-game market, Take-Two stock is certainly worth considering while its share price remains under $95. As of this writing, Laura Hoy did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Why Take-Two Stock Stands Out From the Pack appeared first on InvestorPlace.

  • How Take-Two’s Valuation Compares with Peers
    Market Realist3 days ago

    How Take-Two’s Valuation Compares with Peers

    Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)Price to earnings Take-Two Interactive (TTWO) has a forward PE ratio of 28.9x for 2019. This valuation seems reasonable given the company’s significant revenue and

  • Activision Blizzard (ATVI) Stock Sinks As Market Gains: What You Should Know
    Zacks4 days ago

    Activision Blizzard (ATVI) Stock Sinks As Market Gains: What You Should Know

    Activision Blizzard (ATVI) closed at $45.01 in the latest trading session, marking a -1.62% move from the prior day.

  • Caesars names gambling-industry veteran as new CEO
    Associated Press4 days ago

    Caesars names gambling-industry veteran as new CEO

    LAS VEGAS (AP) — Caesars Entertainment is appointing a gambling-industry veteran as its new chief executive.

  • Is Caesars Entertainment Corporation's (NASDAQ:CZR) ROE Of 9.1% Concerning?
    Simply Wall St.4 days ago

    Is Caesars Entertainment Corporation's (NASDAQ:CZR) ROE Of 9.1% Concerning?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). By way of learning-by-doing, we'll look at ROE...

  • Should You Invest in the Invesco Dynamic Software ETF (PSJ)?
    Zacks4 days ago

    Should You Invest in the Invesco Dynamic Software ETF (PSJ)?

    Sector ETF report for PSJ

  • EA Is Making 2 Brilliant Moves With "Star Wars Jedi: Fallen Order"
    Motley Fool4 days ago

    EA Is Making 2 Brilliant Moves With "Star Wars Jedi: Fallen Order"

    These things should improve the odds that the game will succeed in the market.

  • What Games Are Important for Take-Two’s Revenue Growth?
    Market Realist4 days ago

    What Games Are Important for Take-Two’s Revenue Growth?

    Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)NBA 2K19Take-Two Interactive (TTWO) will be banking on games such as Red Dead Redemption 2, NBA 2K19, and WWE 2K19 to drive sales in fiscal 2019 and beyond. Red Dead

  • TheStreet.com4 days ago

    Caesars Names Rodio as New CEO, Forms Committee to Explore Sale of Company

    on Tuesday formally announced that Anthony Rodio has been named CEO, and that it has officially formed a transaction committee to explore a possible sale. Rodio, currently CEO of Affinity Gaming, will take the helm from Mark Frissora, Caesars' current CEO. The move to oust Frissora comes after a push by billionaire activist investor Carl Icahn to appoint Rodio as part of an effort to turn the ailing company around and sell it.

  • What's going on with video gaming stocks? Buy Caterpillar ahead of earnings? The desk answers viewer questions
    CNBC Videos4 days ago

    What's going on with video gaming stocks? Buy Caterpillar ahead of earnings? The desk answers viewer questions

    The "Halftime Report" traders answer viewer questions on Electronic Arts, Activision Blizzard, Caterpillar and Capital One.