NVIDIA Corporation has delivered a remarkable performance in its third quarter of fiscal 2025, reporting a 94% year-over-year surge in revenue to $35.1 billion. The company’s earnings were bolstered by unprecedented demand for artificial intelligence (AI) computing platforms, cementing its position as the global leader in AI infrastructure and technology. For the quarter ending October […]
In a bold financial maneuver, Caesars Entertainment has announced a monumental $1.1 billion senior notes offering, while also unveiling a massive $500 million share buyback program. The gaming and hospitality giant, known for its iconic casinos and resorts, is strategically leveraging these moves to tackle its debt obligations, prop up its stock, and reinforce investor […]
NVIDIA Corporation (NASDAQ: NVDA) reported impressive financial results for the second quarter ended July 28, 2024. The company achieved a revenue of $30.0 billion, reflecting a significant 15% increase from the previous quarter and a staggering 122% rise from the same period last year. The surge in revenue underscores NVIDIA’s strong market performance and expanding […]
Xsolla, a leading global video game commerce company, has announced its strategic acquisition of LF.Group, a prominent provider of digital solutions for gaming communities. This acquisition is set to redefine how developers engage with players and manage transactions across diverse platforms, incorporating LF.Group’s advanced technological capabilities into Xsolla’s comprehensive commerce framework. David Stelzer, President of […]
7Seas Entertainment Limited (BSE:7SEASL), India’s pioneering independent gaming development company, has announced a groundbreaking initiative with the launch of a dedicated AI division, 7SEAS AI, aimed at enhancing its game development capabilities. This strategic move, expected to significantly boost productivity and quality, positions 7Seas at the forefront of the gaming industry’s technological advancements. The new […]
Mitter Infotech LLP, a key promoter of Nazara Technologies Limited, has executed a significant transaction, selling 4,884,000 equity shares or 6.38% of the issued share capital. This block trade was conducted on May 27, 2024, through the stock exchange’s block deal window, involving Plutus Wealth Management LLP as the buyer. Transaction Details and Strategic Rationale […]
In a bold move that underscores its ambition to become a global powerhouse in the gaming and esports sector, Nazara Technologies Limited (NSE: NAZARA) has announced plans to allocate US$100 million (~INR 830 cr) towards mergers and acquisitions (M&A) over the next 24 months. This strategic pledge follows a successful fundraise of Rs. 760 crore […]