gaming


Shares of Chinese gaming firm plunge 62 billion yuan 

Shares of Chinese gaming firm plunge 62 billion yuan

(ATF) Chinese gaming firm 37 Interactive Entertainment has long been seen as the top rival to Tencent in the internet gaming sector, and is still a leader of A-share listed firms. But its share price has dropped dramatically over the past nine months – losing 62 billion yuan (nearly $9.5 …

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Second regulator to question Crown Resorts' fitness to run casino 

Second regulator to question Crown Resorts fitness to run casino 

(ATF) Australia’s largest gambling company, Crown Resorts, suffered another blow to its reputation on February 16 when Western Australia's watchdog announced an inquiry into its Perth casino.Crown was already reeling from last week's ruling in New South Wales, the country’s most populous state, that it was unfit to hold a …

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CEO is latest to leave embattled Australian casino operator

CEO is latest to leave embattled Australian casino operator

(ATF) The boardroom of one of Australia's biggest gambling groups is continuing to empty out after the company, Crown Resorts, was declared unsuitable to hold a casino licence.On February 15, chief executive Ken Barton became the latest executive to resign after a state-mandated public inquiry last week recommended Crown Resorts …

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Tencent's market value plunges $89 bn from anti-monopoly move

 Tencent's market value plunges $89 bn from anti-monopoly move

(ATF) China’s new rulings on internet platforms has landed with the impact of an e-commerce Black Friday event. While internet platforms smashed online retail sales records from ‘Double 11’, the share prices of top online retailers in China plummeted. Tencent was especially mauled.The newly released Anti-monopoly Guidelines on Platform Economy …

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Tencent downplays impact of new Chinese anti-monopoly rules

Tencent downplays impact of new Chinese anti-monopoly rules

(ATF) Tencent executives led by its president Martin Lau said on a quarterly earnings call with analysts on November 12 that the firm would talk with Chinese regulators to understand what they hope to achieve with their recent release of the "Antitrust Guidelines on the Platform Economy (Draft for Comment)”.Tencent …

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