RT Bloomberg Live (@BloombergLive)Gaming is reshaping how audiences engage and build community. COO @scopely's Eunice Lee leads a #BloombergScreentime Community Curator session on how gaming’s operational playbook can fuel growth in other sectors of entertainment.This portion of our program falls under Chatham House Rule, and is only available with a ticket to attend in LA 🎟️ https://t.co/se5PjIKxIM ...

Core Thesis - Caesars Entertainment, Inc. (CZR) is viewed as a compelling investment opportunity in the U.S. gaming sector, driven by factors such as inflecting free cash flow, owned Vegas real estate, minimal exposure to China, and an underappreciated digital segment [2][4] Financial Performance - As of September 8th, CZR's share price was $26.38, with trailing and forward P/E ratios of 11.30 and 15.08 respectively [1] - Caesars Digital has achieved over 12% EBITDA margins, contributing $280 million in LTM EBITDAR and is expected to reach $500 million in the next two years, capturing approximately 9% of the U.S. online sports betting/iGaming market [3] Business Strategy - The company operates over 50 properties across North America, including nine major Las Vegas Strip assets and a growing portfolio of regional markets, supported by a digital platform anchored by William Hill technology [2] - Leadership under Thomas Reeg since 2014 has been stable, successfully integrating acquisitions and maintaining strategic focus [2] Real Estate and Valuation - Caesars owns substantial real estate, including key regional and Strip properties, which could unlock $1–2 billion in enterprise value if partially monetized [3] - The digital business alone could account for a significant portion of market cap on a sum-of-the-parts basis, while mature properties provide stable cash flow [4] Future Outlook - The company is positioned for accelerated deleveraging and buybacks, with $3 billion in liquidity and declining capital expenditure requirements [4] - There is potential for 60–130% upside over the next 12–24 months, driven by digital value realization, free cash flow growth, and capital returns [4]

Group 1: Market Performance - U.S. large-cap growth equities experienced a strong recovery in Q2 2025, with the Sands Capital Select Growth Strategy portfolio returning 27.7%, outperforming the Russell 1000 Growth Index's 17.8% gain [1] - The positive quarterly performance was attributed to muted inflation, strong corporate earnings, and improving sentiment around artificial intelligence and global trade [1] Group 2: Roblox Corporation (NYSE:RBLX) Highlights - Roblox Corporation is recognized as a leading platform for game development and distribution, with a one-month return of 15.87% and a remarkable 199.63% increase in share value over the last 52 weeks [2][3] - As of September 15, 2025, Roblox's stock closed at $137.26 per share, with a market capitalization of $94.863 billion [2] - The company reported a 21% year-on-year revenue growth to $1.1 billion in Q2 2025, alongside significant operating leverage with EBITDA margins expanding by 760 basis points year-over-year to 17%, the highest since 2021 [4] - Key metrics such as daily active users, bookings, and hours played showed reacceleration, with the strongest sequential increase in hours played since 2020 [3] - Company guidance suggests continued margin expansion, potentially leading to $1 billion in free cash flow in 2025 [3] Group 3: Hedge Fund Interest - At the end of Q2 2025, 75 hedge fund portfolios held shares of Roblox Corporation, an increase from 68 in the previous quarter [4]

Core Insights - Microsoft has announced the rollout of significant features for the Xbox app on PC, which were previously in Insider testing [1] - The main highlight of this update is the game library aggregation feature, allowing users to consolidate installed games into the Xbox app for easier access [1] - The app now supports games from various platforms including Game Pass, Steam, Epic Games Store, Battle.net, and GOG, enabling users to launch games without multiple launchers [1]

Core Insights - The evaluation of a game's success has shifted from initial launch performance to long-term player retention, highlighting the increasing importance of Live Ops [1] - A recent report by Sensor Tower indicates that 78% of the top 1000 revenue-generating games in 2024 will experience a year-on-year revenue decline in the first half of 2025, with 6 games seeing revenue drops exceeding $100 million [1][4] - Despite challenges, there are standout games like "Whiteout Survival," "Last War: Survival," and "Gossip Harbor," which have achieved significant in-app purchase revenue growth, attributed to effective operational activities [4] Group 1: Successful Game Strategies - "Whiteout Survival" hosted 50 monetization events in July, while "Gossip Harbor" launched 39 major events this year, showcasing the importance of high-frequency, high-quality operational activities [7][11] - Both games have developed structured and well-paced activity strategies that enhance user retention and positively impact revenue [7][24] - The monthly activities in "Whiteout Survival" focus on team competition, fostering both individual and group competitive spirit among players [14] Group 2: Activity Design and Player Engagement - "Whiteout Survival" employs a core PvP activity called "Power Peak," which encourages player engagement through a competitive framework that minimizes individual impact on overall outcomes [16][18] - The game integrates various activities into a cyclical consumption ecosystem, enhancing player participation and spending [18][23] - "Gossip Harbor" maintains a high frequency of events, with up to 73 activities planned by April 2025, ensuring continuous player engagement [27] Group 3: Monetization Techniques - "Gossip Harbor" effectively creates urgency and scarcity through targeted offers, such as a limited-time package for rare cards, which stimulates impulse purchases [35][39] - The game’s weekly tasks are designed to reward players for daily logins, enhancing retention rates [41] - Both "Whiteout Survival" and "Gossip Harbor" demonstrate that successful games utilize a systematic approach to operational activities, categorizing them into monetization, progress, and social activities [49][70] Group 4: Market Trends and Future Outlook - The report indicates that core strategy games are expected to see a 25% increase in IAP revenue share in the first half of 2025 compared to the same period in 2024 [46] - The combined revenue from these game categories is projected to reach $7.7 billion, indicating a new growth path in the global market [46] - The competition in the gaming market has evolved from content development to comprehensive operational strategy, making effective operational strategies essential for sustained growth [73]

Core Insights - Tencent Cloud is actively participating in the open-source community and has developed a heterogeneous computing platform that integrates various chip resources to provide cost-effective AI computing power [1][5] - The shift in the large model industry from training to inference has led to a surge in demand for inference capabilities, prompting upgrades in AI infrastructure [3][4] - Tencent Cloud's infrastructure now covers 55 availability zones globally, with over 3,200 acceleration nodes, and has successfully defended against a 183% year-on-year increase in DDoS attacks [1][10] Group 1: AI Infrastructure and Optimization - Tencent Cloud has contributed multiple optimization technologies to open-source communities, including FlexKV multi-level caching technology, which reduces KVCache usage and lowers first-word latency by up to 70% [1][4] - The company has optimized GPU communication performance by 30% and doubled performance in common data center environments through enhancements to the DeepEP technology [3][4] - The introduction of the Agent Runtime solution provides a secure and efficient environment for deploying AI agents, integrating various components such as execution engines and cloud sandbox services [5][6] Group 2: Global Expansion and Client Support - Tencent Cloud has established nine technical support centers globally and plans to build new availability zones in Osaka, Japan, and Saudi Arabia, enhancing its international presence [1][14] - The company successfully migrated a large-scale project for GoTo, Indonesia's largest tech group, completing over 500 customized requirements and establishing a third availability zone in just five months [14] - Tencent Cloud's services have been recognized as a leader in the global gaming cloud platform market, providing robust infrastructure to support over 10,000 games and ensuring low-latency experiences for players worldwide [10][11] Group 3: Advanced Technologies and Services - The Cloud Mate service, which consists of various sub-agents, enhances cloud governance and risk management, achieving a 95% interception rate for risky SQL queries [8][9] - The integration of AI with database optimization has resulted in an 80% reduction in total latency for complex queries, showcasing Tencent Cloud's commitment to improving performance [9][10] - The EdgeOne product, which combines AI and security acceleration, has facilitated over 100,000 users in deploying e-commerce web pages quickly and efficiently [11][12]

Group 1 - Australia will not require social media platforms to verify the ages of all users under the new ban prohibiting access for children under 16, instead mandating reasonable steps to prevent underage access [1] - Social media companies have criticized the laws as vague and rushed, with Communications Minister Anika Wells stating that platforms must deactivate accounts belonging to underage users [2] - The guidelines suggest a multilayered approach to age checking rather than universal verification, with no single solution deemed perfect for enforcement [3] Group 2 - Social media companies could face fines of up to 49.5 million Australian dollars for violations of the new rules [3] - An independent study found that age verification can be conducted privately and effectively, while additional rules are being introduced to protect children from harmful online content [4] - Roblox Corporation has agreed to implement new safeguards against adult grooming of children in Australia [4]

Core Viewpoint - The core viewpoint of the news is that Tencent aims to enhance industrial efficiency through intelligence and expand revenue scale through globalization, positioning these as the two main drivers for enterprise growth [5]. Group 1: Intelligentization - Tencent Cloud has launched a comprehensive AI strategy, focusing on open AI capabilities and enhancing both C-end and B-end scenarios to stimulate innovation potential in enterprises [3][4]. - AI has become a new business gene for Tencent, with the Tencent Yuanbao application ranking among the top three AI native applications in China, and user inquiries reaching the total volume of the previous month within a year [6][7]. - The IMA knowledge base has surpassed 100 million documents, and the monthly active users of QQ Browser's AI feature have increased by 17.8 times since April [6][7]. - AI has significantly contributed to double-digit growth in Tencent's advertising and gaming sectors, with marketing service revenue growing by 20% in Q2 [7]. Group 2: Globalization - Tencent Cloud is enhancing its international strategy by focusing on infrastructure, technology products, and service capabilities to help enterprises establish a local presence and expand globally [4][15]. - The speed of overseas infrastructure development is among the fastest among domestic cloud providers, with international business experiencing high double-digit growth over the past three years [4][16]. - Over 90% of Chinese internet companies and 95% of leading gaming companies have chosen Tencent Cloud for their international expansion [4][15]. Group 3: AI Application and Development - Tencent is committed to continuously upgrading its intelligent agent solutions, which are seen as the main application carrier in the AI era, and has released the ADP 3.0 version to enhance enterprise efficiency [8][9]. - The company has established a complete suite for intelligent agent development, providing capabilities such as security sandbox environments and long-term memory management [9]. - A recent collaboration with Juewei Food demonstrated that AI marketing efficiency can reach 2-3 times that of manual operations, with significant improvements in content click-through rates and transaction amounts [10]. Group 4: Infrastructure and Service Enhancement - Tencent Cloud is building a "global network" to support globalization, with significant investments in infrastructure, including a $150 million investment in Saudi Arabia [16][17]. - The company emphasizes the importance of a deep understanding of industry needs and long-term partnerships with clients, providing localized technical support and services [18][19]. - Tencent Cloud's products, such as CodeBuddy and ADP, have been successfully internationalized, showcasing strong competitiveness in the global market [17].

Company Overview - Enthusiast Gaming Holdings Inc. is a leading digital publisher focused on creating tools, platforms, and experiences for gamers [3] - The company owns a portfolio of digital properties, including U.GG, Icy-Veins, TheSimsResource, PocketGamer, Addicting Games, and Fantasy Football Scout, as well as the B2B event series PocketGamer Connects [3] - Revenue is generated through programmatic advertising, subscriptions, and events, with a focus on expanding owned intellectual property and enhancing direct audience engagement [3] Upcoming Events - The annual general meeting of Enthusiast Gaming is scheduled to be held virtually on October 28, 2025 [1] - The Toronto Stock Exchange has granted an extension for the company to hold its annual general meeting by this date [2] - Meeting materials will be available on the company's profile on SEDAR+ and its website around September 26, 2025 [2]

Ready. Sui. Play! 🎮✨First speakers revealed for our gaming showcase in Seoul:- Alessandro Donagh-De Marchi (@warped_games)- Mai Ando (@gumi_oshi3_en)- @kostascrypto (@MystenLabs)Full program & registration here 👇https://t.co/dw2YBIXKaA https://t.co/G1EKmV9zPc ...