Software: Tencent

Reuters

Tencent Music beats revenue estimates despite China gambling hit

Nov 14 (Reuters) - China's Tencent Music (1698.HK) beat third-quarter revenue estimates on Tuesday, as steady growth in paid subscriptions on its streaming platforms helped offset the impact of Beijing's ongoing crackdown on online gambling. Tencent Music, which operates music streaming platforms such as QQ Music and Kugou Music, said its total…

Finance ・ 14 November 2023

Reuters

China online platforms scrap lucky draw features amid gambling crackdown

HONG KONG, Aug 25 (Reuters) - Chinese online content platforms including Tencent Music (1698.HK) and NetEase's Cloud Music (9899.HK) have removed live streaming features that analysts say could be used for illegal gambling, at a hefty cost to their quarterly revenues. Analysts say online content platforms pulled the plug on features such as virtual…

Incidents ・ 25 August 2023

thecompanion.in

India’s Evolving Online Gaming Laws

Online gaming, betting, and gambling are activities that involve playing games or placing bets on the outcome of events using the internet or other digital platforms. These activities can be classified into two broad categories: games of chance and games of skill. Games of chance are those where the outcome is determined by random factors, such as…

Law ・ 21 August 2023

Mac Sources

Best Gaming Phones To Buy In 2023

Mobile gaming has come a long way in recent years, with many games offering console-quality graphics and gameplay across multiple platforms, including mobile. As a result, having a phone with a powerful processor, ample RAM, and a good display has become essential for a great gaming experience. In this article, we'll take a look at the best phones…

Mobile ・ 01 April 2023

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Good e-Reader

Are Tablets Good for Gaming?

Tablets are modern handheld computing devices that can be used for a whole range of day-to-day activities. For example, they can be used to watch the latest shows and movies on streaming sites such as Netflix, order online groceries, make calls, check your socials, reply to emails, do banking, and so much more. They can also be used to play video…

Games ・ 12 March 2023

Yogonet

Luckbox posts $3M loss in H1 but increases product offering, remains free of debt as it targets expansion

Online gaming business Real Luck Group, parent company of esports, sports, and casino gaming provider Luckbox, has shared its financial results for the first half of the year. The company recorded a net loss of about CAD 4 million ($3 million) for the period, of which almost CAD 2 million ($1.5 million) was accumulated in Q2. However, in terms of…

Industry ・ 11 November 2022

Techstory

Top Technology Trends Revolutionizing the Gaming Industry

Despite the massive disruption created by the global lockdown, the global gaming industry is still growing. Millions of people worldwide play video games daily, and the rapidly expanding vibrancy has set the stage for many exciting innovations and tech trends. As different tech innovations continue marching forward, they're changing the way brands,…

Industry ・ 30 July 2022

Telemedia Online

Roblox dominates iPad gaming with $46m in monthly revenue

The size of the tablet gaming industry is relatively small, but it still forms an integral part of the mobile gaming industry. According to the numbers presented by SafeBettingSites.com, putative metaverse stalwart Roblox is the top-earning iPad gaming publisher in June 2022. The creators of the online game platform and game creation system,…

Mobile ・ 27 July 2022

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China

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Japan

Apple Magazine

The world's most popular online games

Regardless of age, gender, race, geographical location, creativity level, or experience, the modern gaming industry has something for everyone. Online games can be both therapeutic and educational, but most importantly. Modern games offer an improved gaming experience suited to modern lifestyles. Due to increased smartphone usage and internet…

Mobile ・ 25 July 2022

ABP News Live

Gst Tax Online Gaming Conundrum

One of the biggest challenges facing the Governments today is the rapid evolving nature of the digital economy, with which the regulators are struggling to keep pace.In fact, the challenge posed by technology-enabled services means that even if one or few countries devise regulations, businesses can simply shift to another jurisdiction where the…

Finance ・ 21 July 2022

Brand Equity

View: Policy needs to demarcate the difference between gambling and gaming

The issue with taxing casinos, horse racing and online gaming, which the Goods and Services Tax (GST) Council has tasked a group of state ministers (GoM) with, is the treatment of actionable claims that creditors have on debtors. The GST legislation permits taxing such claims only if these involve'lottery, betting and gambling'. To tax the winnings…

Finance ・ 20 July 2022

Recent Slot Releases

Outlook on the Mobile Gaming Global Market to 2027

The "Global Mobile Gaming Market by Technologies, Platforms, Connectivity Types and Ecosystem Stakeholders 2022 - 2027" report has been added to ResearchAndMarkets' offering. This report represents a comprehensive analysis of global mobile gaming opportunities. It provides insights into the mobile gaming business and analysis of current…

Mobile ・ 11 July 2022

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Forbes

Hong Kong Casino Stocks Slide As Macau Clamps Down On Covid Spread With Fresh Lockdown

Major Hong Kong-listed gambling stocks slumped heavily on Monday after the city of Macau shut down all of its casinos and ordered its residents to stay at home for a week, as local officials attempt to halt an ongoing Covid outbreak and closely align the city's pandemic measures with mainland China's zero-Covid policy. In afternoon trading on…

Covid ・ 11 July 2022

Brand Equity

States, take a chance on online gaming

A group of ministers set up to advise the Goods and Services Tax (GST) Council on taxing casinos, race courses and online gaming is looking at whether to increase the tax rate they are subject to and the valuation of the business. The current 18% tax rate is based on the premise that online games involve skill and do not constitute gambling. And it…

Industry ・ 13 May 2022

Hometime Station

The 3 Biggest Partnerships in Online Gaming of the Decade

Gaming is an ever-changing industry. Aiming to reach new and more diverse markets, gaming industry giants are constantly acquiring other game developers. Whether it's to dominate the market, migrate to mobile devices, bring new games to the live casino Canada industry, these tech giants have shown they'll do whatever it takes to achieve glory. Take…

Industry ・ 30 March 2022

WFMZ News

The Asian Mobile Gaming Industry is Expected to Reach $86.6 Billion by 2027

This report represents must-have research for anyone focused on mobile entertainment and/or VAS applications in Asia. This report represents a comprehensive assessment of mobile gaming opportunities in Asia. It provides insights into the mobile gaming business and analysis of current limitations, challenges, and opportunities. The report also…

Mobile ・ 22 February 2022

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NewsWatch

With Microsoft Entering the Gaming Industry, How Far Has Video Gaming Come?

Video games used to be a parallel universe in the entertainment world. LAN events and gaming nights with friends were followed by online gaming within a few years. Back then, online gaming seemed like magic, but how things have changed. The array of top-notch consoles in the market today leave no space for doubt: online video games are now a focal…

Industry ・ 15 February 2022

New Jersey Online Gambling

Junket Operator's Arrest Drives Macau Casino Stocks Down

Macau casino stocks tanked this week after the arrest of 11 junket operators. Alvin Chau, Suncity Group Holdings' CEO, was among those detained. The region's casino stocks were already struggling due to new virus concerns, but the specter of more regulatory crackdowns pushed them lower still. During the'08-'09 financial crisis, Macau casino stocks…

Finance ・ 01 December 2021

News18

India Needs Better Regulation to Differentiate Online Gaming from Online Gambling

China, South Korea and Japan are among the many countries that have enacted strict laws to protect minors from video game addiction, writes Shashidhar KJ. (Photo: Reuters) Beijing has enacted new laws to curb video game addiction amongst minors in China and now gamers under the age of 18 will be banned from playing games from 10 pm to 8 am. Gamers…

Law ・ 16 October 2021

India Today

Games people play: Should online gaming and gambling be banned or regulated?

A fortnight ago, the Karnataka government banned online gambling in the state. The ban extended to all kinds of gambling, including "any act of risking money or otherwise on the unknown result of an event including on a game of skill". This demolishes the subtle difference between what used to be categorised as a "game of chance", where the outcome…

Law ・ 12 October 2021

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Online Gambling

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The Motley Fool

China Just Blew Up the Casino Market in New Regulatory Crackdown

Sweeping new regulations are being floated for casinos in Macao that threaten the investment thesis of the entire gambling market in China, even as the region continues to struggle to climb out of the very deep hole caused by the coronavirus pandemic. The promise of intense new oversight, limits on the number of concessions or licenses issued,…

Industry ・ 23 September 2021

Nikkei Asia

China shows why Asia's casino bubble was always doomed -Nikkei Asia

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades." The house always wins. Just not in Macao, where this gaming industry maxim is being turned on its head. A plunge in casino-related stocks has analysts pointing fingers, junket operators reeling and investors…

Politics ・ 19 September 2021

New Jersey Online Gambling

Casino Stocks Crash as Macau Considers Tighter Regulations

Shares of casino stocks tanked on Tuesday after Macau announced it will revise its gambling regulations. In just one day, casino companies operating in the world's largest gambling center lost roughly $18 billion in stock value. On Tuesday, Macau's Secretary for Economy and Finance announced a 45-day consultation period for the gambling industry.…

Finance ・ 15 September 2021

Devdiscourse

Hong Kong shares drop over 1.5% as tech, casino stocks weigh

Hong Kong shares ended lower on Wednesday, dragged down by tech and casino gaming stocks, following reports that Beijing will step up its efforts to promote the development of a "civilized" internet. ** The Hang Seng index closed 1.8% lower at 25033.21, while the China Enterprises Index lost 1.6% at 8936.53 points. ** Tech stocks declined after…

Finance ・ 15 September 2021

iNtergame

China restricts online gaming to three hours a week

The strictest controls yet over youth entertainment hammered the shares of gaming platforms such as Tencent Holdings Ltd and NetEase Inc who can now only offer online gaming to children from 8pm to 9pm on Fridays, weekends and public holidays. The state news agency Xinhua said that it was an advance on the previous limit of 1.5 hours per…

Industry ・ 01 September 2021

Bollyinside

China restricts minors' online gambling to one hour on weekends and holidays

To ensure this policy is followed, China has "a real name identification system which checked user IDs in real time against a national citizen database provided by the Ministry of Public Security." As NikoPartners explains in their analysis, this was implemented in 2019 when the previous restrictions were put in place. While young players already…

Incidents ・ 31 August 2021

Forbes

Korean Gaming Giant Netmarble Buys Hong Kong Casino App To Further Global Expansion

Netmarble has agreed to buy Hong Kong-based social casino game company SpinX Games for $2.19 billion in a deal that will expand the South Korean gaming giant's business outside its home market amid a surge in gaming during the pandemic. The Seoul-based company says the deal will let the company "continue its global expansion by adding a new genre…

Mobile ・ 06 August 2021

CNN

Chinese gamblers defying a ban at home are powering the Philippines' casino boom

Nearby, rows of Chinese nationals sit at desks chatting on cellphones with potential clients back in China.This is what a typical POGO -- or a Philippine Offshore Gaming Operator -- looks like, according to descriptions provided to CNN by several gaming experts. Some are based in abandoned malls, while others are found in converted parking lots or…

Covid ・ 06 February 2021

Nikkei Asia

How China's e-commerce giants enable illegal online gambling -Nikkei Asia

A dark corner of the cyber world benefited from increasingly convenient internet-based payment and logistics services as e-commerce soars amid the pandemic: illegal online gambling. And the shadowy, often offshore operators of illicit gambling sites found witting or unwitting enablers in some of China's leading tech giants according to police, who…

Law ・ 19 January 2021