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SC seeks Centre's response on plea seeking to prohibit online gambling, betting platforms
ETBrandEquity.com· 2025-11-04 11:39
The A bench of justices J B Pardiwala and K V Viswanathan took note of the submissions of lawyer The bench asked the government to take action on the details about online gaming apps given by the petitioner.Gupta submitted details of 2,000 betting and gambling apps to the Centre. Advt The bench has already listed a batch of transferred petitions for hearing on November 4. They challenge online gaming law which prohibits "online money games" and bars banking services and advertising related to them.On ...
NetBet bolsters its live casino offering with new ICONIC21 partnership
Globenewswire· 2025-11-04 09:00
Core Insights - NetBet has partnered with ICONIC21 to enhance its live casino games offering, providing players access to a wide selection of top games [1][3] - ICONIC21, formerly known as BETER Live, is recognized for its technologically advanced live casino games, including Roulette, Blackjack, Sic Bo, and Baccarat [2] - The partnership aims to elevate NetBet's live casino experience, aligning with both companies' commitment to quality [3] Company Developments - The collaboration with ICONIC21 is part of NetBet's ongoing strategy to update and expand its live casino games library [1] - ICONIC21 is noted for its tailored iGaming content and diverse game portfolio, positioning it as a leading supplier in the industry [2] - Key titles from ICONIC21 that will be available to NetBet users include Gravity Blackjack, Gravity Roulette, and Gravity Sic Bo [3] Industry Trends - The partnership reflects a growing trend in the online gaming industry towards enhancing user experience through innovative game offerings [1][2] - Companies in the iGaming sector are increasingly focusing on technological advancements to attract and retain players [2] - The collaboration signifies a strategic move to strengthen market positions in a competitive landscape [3]
Roblox Corporation (RBLX) Surges on User Growth and Strong Bookings
Yahoo Finance· 2025-11-03 10:32
Core Insights - Roblox Corporation (NYSE:RBLX) is highlighted as a strong investment opportunity by billionaire D.E. Shaw, following impressive third-quarter results with bookings of $1.92 billion, a 70% increase year-over-year, surpassing expectations [1] Financial Performance - The company reported a net loss of $0.37 per share, which was better than analyst forecasts [2] - Revenue increased by 48% year-over-year to $1.36 billion, driven by viral content and strategic investments in its creator ecosystem [2] - Daily active users reached 151.5 million, with total hours spent on the platform rising by 91% [2] - Operating cash flow surged by 121%, while free cash flow increased by 103% [2] Business Model - Roblox operates a user-generated online gaming platform that allows users to create, share, and play 3D experiences [3] - The platform is free-to-play and generates revenue through a cut of sales from its virtual currency, Robux, and advertising [3]
Roblox日活用户超1.5亿人,北美以外地区增长显著
Sou Hu Cai Jing· 2025-11-03 09:41
Core Insights - Roblox reported Q3 2025 revenue growth of 48% year-over-year to $1.4 billion, with bookings for virtual currency Robux increasing by 51% to $1.9 billion [1][3] - Daily Active Users (DAU) reached 151.5 million, a 70% increase year-over-year, with total engagement hours at 39.6 billion, up 91% [1][3] - The growth in DAU and engagement time indicates a rising trend in average user participation [1] Regional Performance - DAU in the Asia-Pacific (APAC) region grew by 108%, the highest globally, while Europe and North America saw increases of 56% and 32%, respectively [3] - For users aged 13 and above, DAU increased by 89%, surpassing 100 million, while users under 13 grew by 44% [3] - Engagement time in APAC rose by 127%, with Europe and North America increasing by 82% and 47%, respectively [3] User Engagement and Content - The surge in user numbers and engagement is attributed to the emergence of popular content since Q2 2025, including titles like "Grow a Garden" and "99 nights in the forest" [6] - The average bookings per daily active user (ABPDAU) remained stable at $12.68, with regional variations showing a 13% increase in the US/Canada and 22% in Europe [3][6] Financial Performance - Despite revenue growth, Roblox reported a net loss of $250 million in Q3 2025, with creator payout expenses rising by 85% and infrastructure costs increasing by 61% [6] - Roblox announced a 7% increase in the creator payout percentage effective September 2025 [6]
15 Best Stocks to Invest In According to Billionaire D.E. Shaw
Insider Monkey· 2025-11-03 04:46
Core Insights - The article discusses the best stocks to invest in according to billionaire D.E. Shaw, highlighting the hedge fund's successful navigation through market uncertainties and its impressive returns in 2024 [1][2][4]. Investment Strategy - D.E. Shaw employs a strategy of deep buying during market pullbacks, which has contributed to the recovery of equity markets and record highs despite challenges like US tariffs and trade wars [1][2]. - The hedge fund's investment portfolio reflects a balance between diversification and concentrated bets on transformative companies, indicating a strong confidence in technology and data to enhance returns [4]. Fund Performance - The Oculus fund, D.E. Shaw's second-largest fund, achieved a 4.6% gain in July, doubling its year-to-date return to 9.6%, while the flagship multi-strategy Composite fund gained 1.5% in July, bringing its year-to-date returns to 9.3% [3]. - The multi-strategy composite fund generated an 18% return in 2024, with the Oculus fund soaring 36% [4]. Stock Highlights - AerCap Holdings N.V. (NYSE:AER) reported a robust third-quarter net income of $1.216 billion and adjusted earnings of $865 million, raising its full-year adjusted EPS guidance to $13.70 [9][10]. - Roblox Corporation (NYSE:RBLX) posted third-quarter bookings of $1.92 billion, a 70% increase year-over-year, with revenue growing 48% to $1.36 billion [14][15]. Methodology - The article outlines the methodology for selecting the best stocks, which involved scanning D.E. Shaw's portfolio and analyzing stock performance from the end of Q2 to October 28, along with broader hedge fund sentiment [7][8].
Bluesky Digital Assets Announces Corporate Updates and Provides Corrective Disclosure
Globenewswire· 2025-11-01 01:09
Core Viewpoint - Bluesky Digital Assets Corp. announced corrective disclosures regarding its private placement offering, including details on the issuance of units and associated warrants, as well as the intended use of proceeds for AI development and online gaming [1][10]. Offering Details - The Corporation aimed to complete a non-brokered private placement of up to 8,333,333 units at C$0.12 per unit, targeting gross proceeds of up to C$1,000,000 [1]. - Each unit consists of one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.15 for 24 months [1]. - Eligible finders were to receive an 8% cash fee and non-transferable finder's warrants, also allowing the purchase of shares at C$0.15 for two years [2]. Tranche Closures - The initial tranche closed on July 14, 2025, with 1,750,000 units issued for approximately C$210,000, and 100,000 finder's warrants issued [4]. - The second tranche, effective July 14, 2025, issued 833,333 units for gross proceeds of approximately C$100,000, with no finder's fees paid [6]. - The final tranche closed on August 15, 2025, issuing 2,199,999 units for gross proceeds of approximately C$264,000, also with no finder's fees [9]. Financial Summary - The total gross proceeds from the offering amounted to approximately C$574,000 through the issuance of 4,783,333 units, with finders receiving C$12,000 in cash and 100,000 finder's warrants [10]. - The net proceeds from all tranches are intended to advance the Corporation's AI development and online gaming initiatives, as well as for general working capital [5][7][10]. Company Overview - Bluesky Digital Assets Corp. operates at the intersection of AI, Blockchain, and Web3 business solutions, leveraging proprietary technology to support businesses in adopting emerging technologies [13].
Goldman turns bullish on Roblox for the platform's long-term growth potential (RBLX:NYSE)
Seeking Alpha· 2025-10-31 16:43
Core Viewpoint - Goldman Sachs upgraded its rating on Roblox (RBLX) to "buy" from "neutral" due to positive indicators in bookings, revenue, and daily active user (DAU) growth in Q3 [2] Summary by Relevant Categories Company Performance - The upgrade was driven by the company's strong performance in bookings and revenue growth [2] - Daily active users (DAU) also showed significant growth in Q3, contributing to the positive outlook [2] Management Commentary - Management expressed confidence in the company's continued growth trajectory, which further supported the upgrade decision [2]
Roblox's Strong Results Impress Wall Street, But Cautious 2026 Outlook Creates Uncertainty
Benzinga· 2025-10-31 16:03
Core Insights - Roblox Corp's quarterly results have sparked renewed optimism regarding its growth potential, although management's cautious outlook for 2026 may temper expectations [1][3] - The company's strong user-generated content and the rapid adoption of AI-driven tools are key factors attracting investor interest [1] Financial Performance - Roblox's third-quarter earnings surpassed Needham's estimates by approximately 20% on bookings and 40% on EBITDA, prompting an upward revision of forecasts for the fourth quarter [6] - The analyst projects fourth-quarter bookings and EBITDA to increase by 20% and 30%, respectively, aligning with the midpoint of company guidance [6] Future Projections - For fiscal 2026, bookings growth is projected at 21.6%, down from a previous estimate of 34.3%, with a covenant EBITDA estimate reduced by 6% [7] - The analyst anticipates fourth-quarter revenue of $1.38 billion and fiscal 2025 revenue of $4.85 billion [7] Market Position and Strategy - Roblox is positioned as a significant beneficiary of AI, leveraging a vast dataset of over 30,000 years of multimodal human interaction data collected daily, which enhances its AI-driven tools and engagement quality [5] - The company is expected to launch new tools and technologies for developers in the first half of 2026, contributing to an estimated 20% growth in bookings to around $8 billion [4] Management Commentary - Management has indicated a modest margin contraction for 2026, but the analyst notes that fixed infrastructure and personnel expenses could allow for improved margins with stronger bookings growth [4] - The cautious tone from management regarding 2026 financials is seen as a central debate for investors, balancing strong 2025 bookings against limited visibility for 2026 [3]
Roblox Corporation (NYSE:RBLX) Faces Financial Challenges Amid Growth
Financial Modeling Prep· 2025-10-31 01:19
Core Insights - Roblox Corporation (NYSE:RBLX) is a significant player in the online gaming industry, allowing users to create and play games, competing with major companies like Epic Games and Unity [1] - Canaccord Genuity has set a price target of $160 for RBLX, indicating a potential upside of 41.56% from its current trading price of $113.03 [1][6] Financial Performance - Roblox reported a net loss of $257.4 million in the third quarter, an increase from the previous year's loss of $240.4 million, but exceeded earnings expectations with a loss per share of $0.37, better than the anticipated $0.49 loss per share [2][6] - The company's revenue for the third quarter reached $1.92 billion, surpassing the expected $1.68 billion, demonstrating strong revenue growth despite rising costs [3][6] Cost Structure - The cost of revenue increased by 45% to $296.5 million, driven by higher infrastructure and trust-and-safety expenses, while personnel expenses, excluding stock-based compensation, rose by 24% to $250.4 million [3] - Investments in third-party cloud infrastructure to support more concurrent players are contributing to rising costs, as the company aims to enhance user engagement [4][6] Market Activity - The stock has fluctuated between $111.87 and $126.28, with a market capitalization of approximately $78.33 billion [4] - Over the past year, RBLX has experienced a high of $150.59 and a low of $47.95, indicating its volatile nature, with a trading volume of 27.71 million shares [5]
PayPal Casinos USA 2025: High 5 Casino Rated Leading PayPal Casino
Globenewswire· 2025-10-31 01:02
Core Insights - High 5 Casino has been recognized as the best PayPal casino in the United States, attracting players who prioritize seamless transactions and PayPal as a primary payment method [2][3] Payment and Transaction Features - The casino offers smooth and secure transactions through PayPal, ensuring players can access their winnings hassle-free [3] - High 5 Casino guarantees lightning-fast PayPal transactions at no extra cost, enhancing the overall gaming experience [4] Bonuses and Promotions - New players receive a welcome package that includes 400 Game Coins, 3 Sweeps Coins, and 300 Diamonds, allowing them to start their gaming experience without depleting their funds [5] - The casino provides ongoing promotions, including leaderboard challenges and daily login rewards, to keep players engaged [6][7] Gaming Experience - High 5 Casino features a diverse gaming library with vibrant games, including traditional slots and table games, catering to various player preferences [8][9] - The platform regularly introduces new titles to maintain excitement and offers exceptional table games like video poker, baccarat, and blackjack [9] Partnerships and Technology - High 5 Casino collaborates with leading gaming providers such as Pragmatic Play, NetEnt, and IGT to deliver high-quality games with fair gameplay [10][11] - The use of Random Number Generators (RNGs) ensures fair outcomes and a secure gaming environment for players [10][11] Customer Support - The casino offers 24/7 customer support through multiple channels, ensuring timely responses to player inquiries [12] - The support team is trained in responsible gaming practices, providing guidance and referrals for players experiencing gambling-related issues [13] Company Overview - High 5 Casino is a social casino platform that offers a variety of gaming options free of charge, focusing on player satisfaction through generous bonuses and excellent customer support [14]