Sunday, November 3, 2013

New Millennium Games' NOW! 11-3-2013 Week in Review


Mobile evolution will make today's market irrelevant
"Why Everything in Games Today is Irrelevant."
That's the topic of Ubisoft senior online game supervisor Teut Weidemann's session at GDC Next in Los Angeles next week. It's an attention grabbing statement, and one that Weidemann was concerned could be misconstrued. Speaking with GamesIndustry International in advance of the talk, Weidemann stressed that he is only working for Ubisoft as a contractor, so his opinions are not official representations of the publisher in any way.
Like many, Weidemann believes that the introduction of the smartphone is reshaping the gaming industry. But Weidemann believes that statement actually shortchanges the impact of the device. The smartphone is the single most successful device humanity has ever created, proliferating through the population at an unprecedented rate. He said it has reshaped the fundamental relationship between humans and electronics, likening the impact to Johann Gutenberg's invention of the movable type printing press.

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Boyd Gaming Says Online Gambling Won’t Hurt Casino Revenue
Casino operator Boyd Gaming released its Q3 report card on Thursday, revealing a $37.3m loss, more than twice the red ink on Q3 2012′s books. Boyd lost money despite revenue rising 20.6% to $738.6m, largely attributable to cash flow from Peninsula Gaming, whose operations Boydacquired in Nov. 2012. Boyd’s adjusted earnings rose nearly 50% to $155.3m, but costs associated with the Peninsula purchase were sufficiently large to erase these gains. Disappointed investors beat Boyd’s stock bloody, pushing it down 18.6% to $10.56, the company’s biggest one-day drop since 2001.

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Bwin.party Looses Investors in US Online Gambling Venture
The cost of doing business sometimes includes unforeseen expenses and even deals that fall through at the last minute. The race for a license to operate an online gambling offering in New Jersey was a short one that left little time for operators to find partners and comply with the licensing application process.
More than forty companies applied for the possibly lucrative contract licenses to offer internet betting services in New Jersey’s Atlantic City. The Press of Atlantic City recently reported that two shareholders each owning around seven percent of bwin.party digital entertainment, a firm that has partnered with Borgata Hotel Casino & Spa's for an internet betting offering in Nevada and New Jersey.

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