Centre Court Capital Launches Venture Fund to Drive Innovation in India’s Sports Tech and Gaming Sector
Centre Court Capital (CCC) announced on Thursday the inauguration of a 3.5 billion rupees venture capital fund, marking a significant step in the realm of sports technology investment. With notable contributions from the owners of India’s JSW Group and billionaire Azim Premji’s wealth fund, this initiative underscores a strategic push towards fostering innovation in India’s […]
World Bank Chief takes swipe at Microsoft’s $69 BLN gaming deal
World Bank President David Malpass criticized Microsoft’s $69 billion takeover of gaming developer Activision Blizzard as a questionable allocation of capital. This is when poor countries are struggling to restructure debts and fight poverty. Malpass said during a Peterson Institute for International Economics virtual event that more capital needed to flow into poor countries. But these flows […]
Spotlight on Xbox Game pass as Microsoft showcases upcoming games
Microsoft showcased 30 upcoming games. In that most of those titles will be available on its monthly subscription service, Xbox Game Pass. The company said it would launch new games on Game Pass every month through the end of the year. That includes titles such as PC strategy series “Age of Empires IV” and racing […]
Tencent Q1 profit rises 65% as online gaming revenue climbs
Chinese gaming and social media giant Tencent Holdings Ltd reported a forecast-beating 65% rise in quarterly profit. This is driven by a surge in users for its video games in China and international markets. Tencent is the the world’s largest gaming firm by revenue. The company has booked a profit of 47.77 billion yuan ($7.42 billion) […]