PYMNTS-MonitorEdge-May-2024

Gaming

VC Firm Patron Raises $100 Million For Consumer Startups
VC Firm Patron Raises $100 Million For Consumer Startups
September 17, 2024  |  Investments

Early-stage venture capital firm Patron says its second fund has raised $100 million. The fund, announced Tuesday (Sept. 17), included investors such as Andreessen Horowitz Co-founder Marc Andreessen and General Partner Chris Dixon....

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US Sports Gambling Industry Totals $220 Billion Since 2018
US Sports Gambling Industry Totals $220 Billion Since 2018
September 06, 2024  |  Earnings

As the NFL season gets underway, sports betting has reportedly become big business in the United States. Since a Supreme Court ruling overturned a law...

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Google Debuts AI-Powered Game Engine; Fetch.ai Aims for Gaming Integration
Google Debuts AI-Powered Game Engine; Fetch.ai Aims for Gaming Integration
September 04, 2024  |  Artificial Intelligence

Artificial intelligence is making inroads across the gaming industry, with developments spanning classic game recreation, iGaming assistance and Web3 integration. These AI applications are altering...

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Xbox Teams With Amazon for Console-Free Gaming
Xbox Teams With Amazon for Console-Free Gaming
August 26, 2024  |  Partnerships

Xbox teamed with Amazon to help gamers access their favorite titles more easily. The partnership lets members of Xbox Game Pass Ultimate play hundreds of...

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BetMGM Lets Nevadans Connect via Digital Nationwide Wallet
BetMGM Lets Nevadans Connect via Digital Nationwide Wallet
August 22, 2024  |  Mobile Wallets

BetMGM says it is the first betting app offering Nevada bettors nationwide connectivity via digital wallet. “Through its operation and partnership with MGM Resorts International and...

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Lights, Camera, AI: Gaming and Video Platforms Debut GenAI-Powered Creator Tools
Lights, Camera, AI: Gaming and Video Platforms Debut GenAI-Powered Creator Tools
August 20, 2024  |  artificial intelligence

Text-to-game platforms and artificial intelligence (AI)-powered video generators are emerging tools, promising to lower barriers to entry for aspiring content creators. However, there are questions...

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Why Location Is Personalization’s Superpower for Merchants
Why Location Is Personalization’s Superpower for Merchants
August 16, 2024  |  Connected Economy

In the current business landscape, consumers crave personalized experiences. In an increasingly digital world, the importance of location intelligence in marketing cannot be overstated, particularly...

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DraftKings Slides on Forecast, Debuts Gaming Tax Surcharge
DraftKings Slides on Forecast, Debuts Gaming Tax Surcharge
August 02, 2024  |  Earnings

The sports gaming industry is at a crossroads, with technological innovation, regulatory changes, and consumer habits all combining to drive rapid evolution. And all three...

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Roblox Retools User Engagement and Sees 21% Jump in Active Users
Roblox Retools User Engagement and Sees 21% Jump in Active Users
August 01, 2024  |  Earnings

Roblox, the virtual world gaming platform, reported a record 79.5 million average daily active users (DAUs), representing a 21% increase from the previous year, the...

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