Jack Ma

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    Playtika sold to Chinese consortium for $4.4 billion

    Caesars Entertainment Corp. (CEC) has confirmed the sale of its mobile and social gaming asset Playtika Studios to a Chinese consortium that includes Giant Interactive Group, in a US$4.4 billion all-cash deal, implying a valuation of 16.0x LTM EBITDA.  The operator made the announcement on Sunday, stating it had entered a ‘definitive agreement’ for the sale […]

    TRON reignites optimism around cryptocurrency gaming

    A cryptocurrency founded by a 29-year-old Peking University grad and Jack Ma protégé has emerged at the centre of a decentralized online gaming movement which is seeing thousands of users gamble tens of millions of dollars per day.