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Motorsport Games Shares Surge After Regaining NASDAQ Compliance
Thursday, June 6, 2024 - 8:18am | 449In a notable pre-market surge, shares of MotorSport Games Inc. (NASDAQ:MSGM) climbed over 20%, following the company’s announcement of regaining compliance with NASDAQ listing requirements. What Happened: At the moment of reporting, MSGM’s shares were valued at $2.81 in the pre-market...
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CMGE Turns Its Game To e-Sports With New Tie-Up
Tuesday, April 30, 2024 - 9:46am | 1225Key Takeaways: CMGE said it has formed a partnership with Guangzhou Chaojing Investment aimed at tapping the latter’s strong position in e-sports CMGE’s shares rose 3.2% on the news and have rallied 30% in the past week on renewed investors interest in the gaming sector after a...
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Call Of Duty Pros Sue Activision Over Alleged Tournament Monopoly
Friday, February 16, 2024 - 4:18pm | 529In a lawsuit filed in a Los Angeles federal court, prominent players of the video game Call of Duty accused Microsoft Corp.'s (NASDAQ: MSFT) Activision Blizzard Inc. of establishing an illegal monopoly over professional leagues and tournaments for the game. The suit states that Activision...
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Is Evil Geniuses Exiting Esports By The End Of 2023?: Report
Wednesday, November 22, 2023 - 6:23pm | 375The Seattle-based esports organization Evil Geniuses (EG) is reportedly for sale, with its owners seeking to divest the team wholly or partially. According to a Sports Business Journal (SBJ) report, the company, established in 1999 and featuring teams in games like Valorant, League of Legends...
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'All The Esports Orgs In North America Are Either Broke Or Going Broke' Says Streamer, Esports Team Owner 'Disguised Toast'
Tuesday, June 20, 2023 - 3:22pm | 656Streamer and esports team owner Jeremy Wang, widely known as Disguised Toast, expressed his views on the current state of the esports industry, saying it "is one of the worst things you can get into." "Last week, my accountant messages me and says, 'Toast, we need to talk',...
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'League Of Legends' Strike Resolved: Tencent's Riot Games And Players Union Reach Agreement
Friday, June 9, 2023 - 3:28pm | 542The looming strike that threatened to disrupt the North American season of "League of Legends" has been called off. Two weeks ago, the LCS Players Association (LCSPA) declared their intention to strike in response to Tencent Holdings Ltd.'s (OTC: TCEHY) Riot Games' plans to make...
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E-sports Company NeoTV Races Towards New York IPO
Monday, February 27, 2023 - 8:44am | 1239Key Takeaways: NeoTV has filed for a U.S. listing, reporting its revenue fell 32% in the first half of last year as it suffered under China’s Covid-control measures The company was profitable before last year, but is a distant second in China’s fast-growing e-sports sector behind the...
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The Rise And Fall Of FaZe Clan's Stock: Esports' Most Influential In Penny Stock Territory
Monday, February 6, 2023 - 3:33pm | 744FaZe Holdings Inc (NASDAQ: FAZE), the professional esports and entertainment organization with headquarters in Los Angeles, California, USA, has seen its worth drop significantly since going public last year. The organization was founded in 2010 as a gaming clan for Activision (NASDAQ: ATVI)’...
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Sky-High Salaries Are Plaguing Esports - Is A Recession The Cure?
Thursday, January 12, 2023 - 4:05pm | 759The current economic downturn has impacted the esports industry, which may be on the verge of its first-ever recession - according to experts. Of big concern are the sky-high salaries that top esports players have: now that the sources of funding for player salaries are becoming scarce, electronic...
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These Are The Most Popular Video Games Of 2022 (And How Much They Gave Out In Prizes For Esports Pro Players)
Tuesday, December 27, 2022 - 5:21pm | 16982022 was a big year for the esports industry. Now that 2023 is approaching, we highlight some of the most popular games of the year. Here are the top 10 most played esports by gamers from all over the world. Counter-Strike: Global Offense The “Counter-Strike” series has been at the...
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Esports Betting: Which Games Are People Wagering On? New Report May Surprise You
Thursday, December 22, 2022 - 5:47pm | 756Tencent (OTC: TCEHY)’s “League of Legends;” Valve’s ”‘CS:GO” and “Dota 2;” Riot Games’ “Valorant,” and Montoon’s “Mobile Legends: Bang Bang” were the most wagered-on esports titles in 2022 revealed a report by...
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What Are Esports And Where Is The Industry Going? Everything You Need To Know
Tuesday, December 20, 2022 - 12:07pm | 830In recent times, esports have been in everyone’s mouths and minds: the esports industry projected to reach $5.75 billion by 2030 also draws in multi-million-people audiences. However, if you're not quite sure what esports are and what they represent, you're reading the right article....
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Riot Updates Scheduling Strategy For LoL, Valorant; Location Of Next LoL Worlds Leaked
Monday, December 19, 2022 - 6:04pm | 737Heading into 2023, Tencent’s (OTC: TCEHY) Riot Games has announced it will change its broadcast scheduling strategy. Why? In order to improve the fan's experience and reduce the overlap between eSport matches. In the announcement published on LoL Esports, Riot declared that its...
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'Fortnite' Tricks Players To Purchase Stuff And Invades Children's Privacy? Its Maker Will Pay $520M To Settle FTC Accusation
Monday, December 19, 2022 - 12:36pm | 668The Federal Trade Commission alleged that Epic Games’ “Fortnite” violated online privacy protection for children and tricked players into making unintended purchases. As reported by The Wall Street Journal, the videogame developer responsible for the most played online game...
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This Video Game Stock Has Outperformed Meta, Google, Apple, Amazon, Nvidia, Disney And Berkshire Hathaway
Monday, December 19, 2022 - 11:43am | 855Year-to-date, Activision Blizzard (NASDAQ: ATVI), the American video game holding company based in Santa Mónica, California, has outperformed stocks like Meta (NASDAQ: META), Google (NASDAQ: GOOGL), Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Nvidia (NASDAQ: NVDA), Disney (NYSE: DIS) and...