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Melco (MLCO) Soars 11.5%: Is Further Upside Left in the Stock?
ZACKS· 2025-07-02 15:20
Group 1 - Melco Resorts (MLCO) shares increased by 11.5% to close at $8.06, with notable trading volume compared to typical sessions, and a 15.1% gain over the past four weeks [1][2] - Macau regulators reported a 19% year-over-year increase in gaming revenue for June, totaling 21.06 billion Macanese patacas (approximately $2.61 billion), indicating strong post-pandemic recovery in the region [2] - The company is expected to report quarterly earnings of $0.03 per share, reflecting a 50% year-over-year decline, while revenues are projected to be $1.2 billion, up 3.6% from the previous year [3] Group 2 - The consensus EPS estimate for Melco has been revised 50% higher in the last 30 days, suggesting a positive trend that may lead to price appreciation [4] - Melco currently holds a Zacks Rank of 2 (Buy), indicating favorable market sentiment [5] - In comparison, Churchill Downs (CHDN) from the same gaming industry has a Zacks Rank of 4 (Sell) and reported a 3.2% increase in its stock price [5][6]
Has Accel Entertainment (ACEL) Outpaced Other Consumer Discretionary Stocks This Year?
ZACKS· 2025-07-02 14:40
Group 1 - Accel Entertainment (ACEL) has returned 12.6% year-to-date, outperforming the Consumer Discretionary sector average of 11.5% [4] - The Zacks Rank for Accel Entertainment is currently 2 (Buy), indicating strong analyst sentiment and an improving earnings outlook [3] - Over the past 90 days, the Zacks Consensus Estimate for ACEL's full-year earnings has increased by 8% [3] Group 2 - Accel Entertainment is part of the Gaming industry, which consists of 39 companies and currently ranks 149 in the Zacks Industry Rank [5] - The Gaming industry has gained an average of 13.7% year-to-date, indicating that ACEL is slightly underperforming its industry [5] - Another stock in the Consumer Discretionary sector, Sendas Distribuidora S.A. Sponsored ADR (ASAIY), has significantly outperformed with a year-to-date increase of 115.7% [4]
High Roller Announces Content Partnership With Gaming Realms in Ontario
Globenewswire· 2025-07-02 13:30
Core Insights - High Roller Technologies has announced a partnership with Gaming Realms to enhance its online casino offerings in Ontario [1][2] - The company has submitted a license application to enter Ontario's regulated online casino market, with plans to launch operations in the second half of 2025, pending approval [2] Company Overview - High Roller Technologies operates premium online casino brands, including High Roller and Fruta, and is listed on the NYSE under the ticker ROLR [3] - The company boasts a portfolio of over 5,000 games from more than 90 providers, aiming to deliver an engaging gaming experience in the growing multi-billion dollar iGaming industry [3] - High Roller Technologies emphasizes innovation, performance, and excellence in redefining online gaming [4] Gaming Realms Overview - Gaming Realms specializes in developing and licensing mobile gaming content, including Slingo, bingo, and slots [5] - The company utilizes a proprietary data platform to enhance audience engagement and expand its reach through strategic partnerships [5]
X @Bloomberg
Bloomberg· 2025-07-02 12:52
Microsoft's Xbox has begun notifying staff of job cuts across the gaming division, part of a broader corporate culling https://t.co/20rMDDHkrR ...
Inspired Launches Virtual Sports With BetMGM in Brazil via Kambi’s Engage Platform
Globenewswire· 2025-07-02 12:30
Core Insights - Inspired Entertainment, Inc. has launched its Virtual Sports products with BetMGM in Brazil, marking a significant step in its expansion in Latin America [1][3] - The initial offering includes V-Play Football (Brazil), a game specifically designed for the Brazilian market, enhancing the local betting experience [2][4] - This launch is part of BetMGM's broader international expansion strategy, supported by Kambi's technology to ensure a high-performance betting experience [3][4] Company Overview - Inspired Entertainment provides a diverse portfolio of gaming content, technology, hardware, and services for regulated gaming operators globally, operating in approximately 35 jurisdictions [5] - The company supplies gaming systems for around 50,000 gaming machines and offers Virtual Sports products through over 32,000 retail venues [5] - Inspired's products cater to a wide range of players, creating new revenue opportunities for operators [5] Partnership Dynamics - The collaboration with BetMGM and Kambi aims to deliver localized, high-quality gaming experiences, particularly focusing on the passion for football in Brazil [4] - Kambi enhances its offerings through this partnership, integrating Inspired's Virtual Sports portfolio into its Kambi Engage platform [4][8] - BetMGM emphasizes its commitment to innovative and personalized experiences that resonate with Brazilian culture and sports enthusiasm [4]
GCL Announces Close of Subsidiary’s Offer for Ban Leong Technologies Limited with Compulsory Acquisition and Delisting to follow
Globenewswire· 2025-07-02 12:11
As of 5:30 p.m. (Singapore time) on July 02, 2025, the offer has closed and GCL’s indirect subsidiary, Epicsoft Asia Pte. Ltd. (the “Offeror”) owns, controls, or has agreed to acquire an aggregate of 104,122,998 Shares representing approximately 96.59% of the total number of issued Shares of Ban Leong Technologies Limited.SINGAPORE , July 02, 2025 (GLOBE NEWSWIRE) -- GCL Global Holdings Ltd (NASDAQ: GCL) (“GCL”), a leading provider of games and entertainment and the indirect parent company of the Offeror, t ...
New Strong Sell Stocks for July 2nd
ZACKS· 2025-07-02 10:41
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Americold Realty Trust, Inc. (COLD) is a temperature-controlled logistics real estate and value-added services company. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days.Colony Bankcorp, Inc. (CBAN) is the bank holding company for Colony Bank. The Zacks Consensus Estimate for its current year earnings has been revised 6.4% downward over the last 60 days.DoubleDown Interacti ...
B站通报:原游戏合作部总经理被逮捕
news flash· 2025-07-02 09:46
B站通报:原游戏合作部总经理被逮捕 金十数据7月2日讯,B站发布了一封内部邮件,通报了原游戏合作部总经理张X敏的违法行为,称其在 B站工作期间存在严重的职务犯罪行为,并表示该人员已经被公安机关依法逮捕。 (一财) ...
“江门游戏电竞产业政策16条”发布 融入广深“电竞双核”布局
Group 1 - Jiangmen Municipal Government has released a set of 16 policy measures to promote the development of the gaming and esports industry, aiming to leverage the industrial advantages in manufacturing, particularly in new energy and smart home appliances [1] - The city plans to attract esports industry spillover from Guangzhou and Shenzhen, establishing a gaming equipment manufacturing industrial park tailored to local conditions [1] - Jiangmen will support hosting esports events to extend the industrial chain, creating a virtuous cycle of "event traffic - industry aggregation" [1] Group 2 - The city aims to enhance collaboration with the Greater Bay Area cities and join the "Pearl River West Coast Esports Industry Alliance," establishing a cross-border talent training base with Hong Kong and Macau [1] - Jiangmen intends to integrate AI, AR, and VR technologies with traditional industries, supporting local tech companies in developing esports-specific equipment and plans to create a "Jiangmen Intelligent Manufacturing" esports brand [1] - The city will construct or renovate professional venues according to international event standards, improving the full industry chain functions of research, training, and live broadcasting [1] Group 3 - To address the shortage of esports talent, Jiangmen proposes a "vocational education + industry" model, encouraging local colleges and vocational schools to offer courses in esports management and VR design [2] - The city will support the establishment of "esports innovation and entrepreneurship incubators" to provide free space, technical support, and startup funding for startups [2] - Jiangmen encourages the introduction of leading domestic and international esports companies to set up operations locally, offering preferential benefits for top esports talents, including education and healthcare for their children [2]
「游戏风云」3A游戏降至10元内,批量游戏“大甩卖”:Steam夏促引爆玩家囤货潮
Hua Xia Shi Bao· 2025-07-02 08:24
Core Insights - The annual Steam Summer Sale has commenced, featuring significant discounts on a wide range of games, including major titles like "Elden Ring" and "Red Dead Redemption 2" [1][2] - The sale aims to attract a large number of players during the summer break, capitalizing on the increased gaming time of students [1][3] Group 1: Discounts and Promotions - The Steam Summer Sale offers discounts up to 95% on hundreds of games, with some titles priced as low as 8.15 yuan after discounts [3][5] - Popular titles such as "Assassin's Creed: Shadows" and "Ghost of Tsushima" have seen substantial price reductions, with "Assassin's Creed: Shadows" dropping from 348 yuan to 261 yuan [2][3] - The sale is characterized by a high volume of games with significant discounts, making it an attractive opportunity for gamers to purchase multiple titles [3][5] Group 2: Player Preferences and Behavior - Players prefer Steam for its convenience and the quality of games available, despite the presence of other platforms like Epic and WeGame [4][5] - Many players are taking advantage of the sale to stock up on games, with some purchasing over 20 titles during the event [3][4] - The trend of waiting for sales to purchase games is prevalent among players, as they anticipate discounts similar to those seen during major shopping events [5] Group 3: Market Dynamics - The sale reflects a broader trend in the gaming industry where discounts are used to attract new players and boost sales for older titles nearing the end of their lifecycle [5] - Steam's strategy includes positioning games as digital collectibles, enhancing the perceived value of purchases compared to pirated versions [4][5] - The platform's ability to offer a diverse range of independent games contributes to its appeal, allowing for niche titles to achieve sales through long-tail effects [5]