Games/Entertainment

Xbox One release officially starts new console war

With the midnight release of the Xbox One, the console war has finally began. Sony's Playstation 4 was released last week and now consumers would be able to tell and decide which one system would rule their living rooms.

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Nevada regulators approve Bally Technologies-SHFL Entertainment merger in just over an hour

The planned merger between Bally Technologies and SHFL Entertainment received recommendations for approval from the Gaming Control Board and the Nevada Gaming Commission without any questions.

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Amazon to roll out comedy "Betas" in race for original online programming

Amazon will be releasing "Betas," a tech comedy show about app entrepreneurs in the Bay Area as it ramps up its original online programming to compete with Netflix and Hulu.

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Sony announces its plans to make fewer films; sets its eyes on television

Sony Pictures Entertainment executives announced that it would cut down the number of films it produces per year and will focus instead on higher-margin television production and operating TV channels.

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Party City gearing up for early 2014 IPO: sources

US-based party goods retailer Party City Holdings Inc is preparing for a potential initial public offering (IPO) in early 2014, according to anonymous sources familiar with the matter.

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Changyou to acquire majority stake in Raidcall for USD50 million

Online game developer Changyou.com Ltd. announced that it will buy a 62.5% stake in social communication software provider Raidcall for USD50 million. The majority equity interest in Raidcall is currently held by Kalends Inc.

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Clypd picks up USD7.2 million in Series A-1 for short TV commercials

Massachussetts-based TV advertising platform Clypd raised USD7.2 million in Series A-1 funding from Atlas Ventures, Freestyle Capital, Boston Seed Capital, and angel investors John Battelle and Brightcove.

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MTR, Eldorado updates original merger agreement in favor of MTR shareholders

According to the joint statement by MTR Gaming Group, Inc and Eldorado HoldCo LLC, the amendments of the merger agreement included increases in cash consideration, payment per share to MTR, of which will be funded by Eldorado.

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Sony under fire for operating losses, hires Bain to narrow down costs by USD100 million

Sony Entertainment sought the advice of consultancy firm Bain & Company to help identify more than USD100 million in cost cuts. The Japanese conglomerate reportedly suffered a USD181 million operating loss in the second quarter.

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Galaxy Entertainment to consider USD5 billion investment in Japan and Taiwan

Galaxy Entertainment Group Ltd, the second-largest casino operator in Macau, announced its intention to invest USD5 billion in Japan and China if the gambling markets open in those countries.

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Gree seeks acquisitions to expand beyond gaming

Combined Japan-US app maker Gree Inc planned to acquire several undisclosed businesses in order to expand its product portfolio beyond the social gaming arena amid plummeting revenue.

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Sony sells 1 million PlayStation 4 consoles in 24 hours

According to tech giant Sony, the company sold over 1 million PlayStation 4 game consoles, its first game system in seven years, just 24 hours it went on sale last Friday.

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Fans go nuts over Sony's PlayStation 4 launch

Hundreds of PlayStation fans braved the chilly weather in New York to line up and wait for Sony's midnight launch of the long-awaited PlayStation 4 game console.

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PlayStation 4 (PS4) launch in Photos

The PlayStation 4 debuts today, sparking a new round in the battle over your attention span, thumb endurance and, ultimately, checkbook.

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IPO candidate King reveals 500 million Candy Crush downloads

IPO candidate British game maker King revealed its Candy Crush Saga title has been downloaded over half a billion times and played over 150 billion times to date.

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