Games/Entertainment

Israel's PowerUp Toys raises over $1M for smartphone-controlled paper plane

Tel Aviv, Israel-based startup PowerUp Toys raised over $1 million via crowdfunding platform Kickstarter for a smartphone-controlled paperplane, with still eight days to go for the campaign.

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US games chain Chuck E. Cheese's board approves $950M leveraged buyout deal

The board of Texas, US-based games and restaurant chain Chuck E. Cheese's approved its acquisition by an affiliate of investor Apollo Global Management in a $950-million leveraged buyout deal.

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World's first M&A game app launched in New York

Anyone who has ever been involved in mergers and acquisitions (M&A) will want to download and start -- and won't be able to stop -- playing the world's first M&A game app, launched today by pioneering virtual data room provider ansarada.

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Apple to pay back $32.5M for in-app purchases

California, US-based tech giant Apple Inc signed an agreement with the Federal Trade Commission (FTC) to pay out at least $32.5 million as refund for the parents of kids who racked up big in-app charges without explicit consent.

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Kontagent secures $4.8M financing

Mobile analytics company Kontagent which merged with PlayHaven last month was able to raise $4.8 million, according to a VentureBeat report which cited a Securities and Exchange Commission filing.

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Cineworld to takeover Poland's Cinema City for over £500M

UK's Cineworld Group will acquire Polish movie theater chain Cinema City International for a little over £500 million, becoming the new cinema mogul in Europe. If the deal pushes through, Cineworld will have 201 cinemas with 1,852 screens.

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Cheng Yu-tung's International Entertainment Corp to pay HK$7.35B for Macau's Sun City Gaming Promotion Co

International Entertainment Corp said it would be acquiring a 70% stake in Macau gambling junket operator Sun City Gaming Promotion Co for HK$7.35 billion, Bloomberg reported.

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Creditors of bankrupt Brazilian bank Banco Cruzeiro do Sul propose debt-to-equity swap

In an attempt to get their money back faster, creditors of Brazil-based Banco Cruzeiro do Sul, are looking for a debt-to-equity swap on an unsecured debt valued at 2.3 billion, Bloomberg reported.

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Malaysia's Genting inks agreement with US partners to build Miami gaming resort

Genting Malaysia Group, which is majority owned by Genting Bhd, has signed an agreement with American groups Gulfstream Park Racing Association, Florida Horsemen's Benevolent & Protective Association and Florida Thoroughbred Breeders' Association to build a gaming resort in Miami, Florida.

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Canada's Dorel Industries Inc announces acquisition of Israeli firm Tiny Love Ltd

Canadian juvenile products and bicycle company Dorel Industries Inc said it had signed a share purchase deal to acquire Israel-based baby products and developmental toy firm Tiny Love.

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Indonesian cinema chain Blitzmegaplex to kick off IPO this quarter

Blitzmegaplex, the second-biggest cinema operator in Indonesia, seeks to kick off an initial public offering at the Jakarta Stock Exchange in the first quarter of this year. Proceeds from the deal will be used to construct 15 cinemas costing $35 million.

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Chuck E. Cheese's parent CEC Entertainment eyes sale to private equity firm

CEC Entertainment, which operates 567 Chuck E. Cheese's stores in 47 states in the US, is reportedly mulling over a possible sale to private equity firm. CEC has a market capitalization of around $760 million.

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Spain's Codere gets 30-day grace period on €127M loan

Gaming group Codere, which sought protection from creditors last week, got a 30-day extension on a €127 million ($173 million)loan due on January 5. Codere had €1.27 billion of debt as of last September.

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Apple's App Store 2013 sales reach over $10B in 2013

Sales of Apple's App Store surpassed the $10 billion mark last year, reinforcing its lead over Google's Play Store in the arena of mobile computing, the Financial Times reported.

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New York video startup Aero closes $34M in Series C funding

New York, US-based TV streaming startup Aereo has secured $34 million in a Series C funding round led by IAC, amid a lengthy legal battle with major rivals who want to bring it down.

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