Gaming News
Get real-time access to the latest news and information from the gaming world, including reviews of the new intriguing updates, releases, and coverage on mobile games, video games, casinos, and other key subjects on gaming.
With estimation pointing to a total market capitalization of 300 billion USD by 2025, the gaming industry is one that is rapidly growing and garnering the interest of several investors and tech stakeholders alike. With over three billion gamers across the globe, one can only expect the gaming and casino platforms to grow even bigger in the coming years.
Gaming is often categorized under the entertainment industry as many see both as a means of having fun. For example, Sony’s Playstation consoles offer a combination of video games, music, videos, internet, streaming, etc.
Since there are so many online games whose registration happens to be absolutely free, one would think that the gaming companies are not making much revenue off such games when users play. But that’s not the case, these firms have devised several means of making money through the purchase of in-play gems, coins, and other items.
Other than the predictable and great development of the gaming world, it is intriguing to take note of the fact that there has been a change in sources of income in the business recently. The casino and gaming business used to make the vast majority of its funds from online games, but has seen its income originate from an alternate means and point of view lately.
In the U.S., which boasts of being the biggest computer game market in the globe, the game industry was valued at about 18 billion dollars in 2017 and recorded over 2,450 firms of over 200,000 employees.
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As Zynga announced its plans to acquire Turkish mobile gaming firm Peak, ZNGA stock is in the green. Now it is around 5% up.
Activision Blizzard (ATVI) stock attracts investors and its price may go up as “Call Of Duty: Modern Warfare” is the best-selling game in 2020 so far.
Amazon has introduced its first big-budget multiplayer shooter game called Crucible. This comes as the technology giant is seeking to enter into gaming big time.
Ultimate Fighting Championship (UFC) is coming back with a new game called “It’s Time!”. Now it allows players to place new wagers in-between rounds.
Bitcasino has joined forces with crypto charity ‘The Giving Block’ to support a virtual relief benefit concert which is raising funds for those adversely affected by the COVID-19 pandemic.
With expanded product launch and an increasing user-base, Verasity’s GameStore has become one of the fastest-growing blockchain-based gaming platforms. Gamers on the Verasity’s GameStore can now bet on their favorite eSports event, both in private and public mode with an option to host third party tournaments.
Facebook’s new gaming app will be mainly focused on watching and making game live streams. Android users anywhere in the world can try it today. After Apple approves the app, it will be available on iOS as well. FB stock is slightly down.
The 3rd largest crypto coin on the market today, XRP, has been added to Bitcasino.
Many online gamblers are switching to cryptocurrency due to its much safer transactions than a bank account or PayPal can offer.
Call of Duty authors are launching a new battle royale game Warzone that will try to bite off a market share from Apex Legends, Fortnite, PlayerUnknown Battlegrounds, etc.
Development studio Horizon Blockchain Games has raised $5 million in new funding as it continues to work on its ‘SkyWeaver’ digital trading card game.
The Riot Games’ new product called Valorant represents a new look at first-person shooters. With neat graphics and a range of strange weapons, players will have many magical abilities unseen in titles like Counter-Strike.
The Game Developers Conference (GDC) has become one of the major events that have been called off due to the coronavirus spread over the world.
Sony, Facebook pulled out from the yearly computer games development conference due to coronavirus panic. The Dow and Treasuries drop, attracting investors to aim better at their future plans.
Nvidia (NVDA) stock rose 2.8% to $247.04 after the company announced the full release of its GeForce Now game streaming service, which has been in beta for several years. Now GeForce will compete against other similar services like Google Stadia.