Flutter: Paddy Power owner slashes loss as US sales double Business Gambling giant Flutter Entertainment, whose brands include the likes of Paddy Power and Betfair, slashed its net loss during its latest quarter as its US sales doubled. The group’s total revenue for the third quarter of 2024 rose by 27 per cent from £2.558bn to £3.248bn while its adjusted earnings before interest, tax, depreciation and [...]
Game developer targets London for dual listing to expand Western reach Media Winking Studios, a Singapore-based game development giant, has announced plans to list on the London Stock Exchange’s AIM market, as it looks to strengthen its foothold in Western markets. Already listed on Singapore’s Catalist board, Winking says the dual listing will allow it to tap into the UK’s capital-rich tech investor pool and drive growth [...]
Sony Music ramps up push into gaming Media Sony Music is doubling down on a push into gaming by embedding its music technology across the sector following a string of acquisitions it hopes will boost fan engagement and open new revenue streams for both the company and its artists. During its Immersive Tech Day in London on Tuesday, the digital entertainment giant showcased [...]
Playrix bosses and Candy Crush creators top first Sunday Times Gaming Rich List August 17, 2024 The founders of mobile game producer Playrix and the creators of Candy Crush are among the highest-placing figures on the inaugural Sunday Times Gaming Rich List 2024. Topping the list are Russian-born brothers Igor and Dmitry Bukhman, of Playrix, which is behind titles such as Township, Fishdom and Homescapes. The pair have a fortune of [...]
Unilever triples spend on video game ads to target younger audience August 15, 2024 Consumer goods giant Unilever is betting big on gaming to help it advertise to elusive younger audiences. The company, which owns a host of household name brands including Lynx and Dove, has poured money into its in-game advertising department over the past three years, tripling its spend since 2021. It now has a team of [...]
Evoke: Profit nosedives at William Hill and 888 owner as Euros boost fails to materialise August 15, 2024 William Hill owner Evoke has reported a huge post-tax loss as a predicted boost to profit after betting at the Euros failed to make any material impact on its results. The firm, which owns William Hill, 888 and Mr Green, reported a post-tax loss of £143.2m in the six months to 30th June 2024, an [...]
Games Workshop: ‘Exciting times’ as Warhammer-maker posts best-ever results July 30, 2024 Warhammer maker Games Workshop has reported its best-ever set of results as revenue grew by 11.1 per cent to £494.7m for the 53 weeks ended June 2.
Team Fortress, Half-Life and Portal game developer faces £656m lawsuit in London court June 12, 2024 US-based gaming platform Valve Corporation is facing a £656m class action in the UK for allegedly overcharging 14 million PC gamers in the UK.
Could word games be the future of networking? Linkedin thinks so May 23, 2024 Linkedin's gaming push has raised some eyebrows, but capitalising on Gen Z's crossword craze is a smart move, writes Anna Moloney.
The Notebook: Could brands and influencers sway this year’s elections? May 22, 2024 From shaping voters to capitalising on the gaming boom, brands and influencers have immense power, writes Matt Scheckner in today's Notebook.