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Gen.G bets on South Korea’s League of Legends esports franchises

VentureBeat reports: "Riot Games recently announced that it would set up team franchises in South Korea, and esports organization Gen.G said it is putting...

Sports Betting Firm DraftKings Closes Merger, Goes Public Despite COVID-19

Deadline reports: "While COVID-19 has turned the lights out on college and pro sports for the time being, sports betting firm DraftKings went public...

Superplus Games raises $4.7 million to bring player-versus-player competition to casual...

VentureBeat reports: "Finland is still a hotbed for mobile games. The latest proof of that is Superplus Games, which has raised $4.7 million to...

Nifty Games raises $12M to shake up mobile sports gaming

TechCrunch reports: "Nifty Games is aiming to reshape the mobile gaming strategies of national sports leagues, partnering with associations like the NFL and NBA...

Live Nation Cuts $500M, Adds $120M Credit Line

Hypebot reports: "Live Nation Entertainment has announced a series of financial moves designed to help the live music and event giant weather the COVID-19...

Disney Enters Into New $5 Billion Credit Agreement

The Hollywood Reporter reports: "The Walt Disney Co. is bolstering its liquidity amid the novel coronavirus pandemic. In a filing Monday with the SEC,...

Gaming Network VENN Sets July Launch From Playa Vista Studio, Kroenke...

Deadline reports: "VENN, a lifestyle channel for and about gamers, will launch in July with 30 hours of original programming, its founders said. That’s...

N3twork announces $50 million fund to grow mobile games

VentureBeat reports: "N3twork, the maker of the popular Legendary: Game of Heroes mobile title, has launched a $50 million fund to help third-party games...

Embracer Group raises $164m for acquisition and expansion

Gamesindustry.biz reports: "Embracer Group has raised SEK 1.64 billion ($164 million) through a directed share issue for investment and acquisitions." Read more

VR chair startup raises funds, as pandemic boosts prospects for VR...

TechCrunch reports: "Roto VR, startup which markets an interactive, ‘360 degree’ chair, has raised £1.5 million in a funding round led by Pembroke VCT....