Saudi Wealth Fund apos;s Savvy Games Group To Invest 37.8 Billion

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Another 20 billion riyals will be invested in mature industry partners who bring expertise to Savvy's portfolio and 2 billion riyals will target industry disruptors "to grow early-stage games and esports companies."

"Savvy Games Group is one part of our ambitious strategy aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030," Crown Prince Mohammed bin Salman said, according to SPA.

Sept 29 (Reuters) - Saudi Arabia's Savvy Games Group, owned by sovereign wealth fund PIF, will invest 142 billion riyals ($37.8 billion) in initiatives aimed at making the kingdom a global hub for gaming, state news agency SPA said on Thursday.

In his lawsuit, Antar claims he alerted numerous employees and officials with the gambling companies to the fact that there was a serious, recurring problem with disconnections, but that they knowingly kept malfunctioning games available to the public because they were too profitable to take down.

Antar is a convicted fraudster who faces the prospect of additional prison time in November for a scheme in which he cheated friends and relatives of money he used to feed his compulsive gambling habit.

Given the success of Prime Day each year, we've seen regular rumors that Amazon could move to a twice-a-year format in order to juice sales in the summer and the fall. Therefore, it's not surprising to see Amazon try to get out ahead of the competition before the Black Friday sales kick off in November.

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'I've been in prison once, and I'm probably facing prison again, and it all had to do with me not being able to admit to myself I was a compulsive gambler,' Antar said in an interview with The Associated Press Thursday.

Amazon's Prime Early Access Sale might just be days away but if you can't resist a bargain or worried you won't get what you want on the day then the mega-site has you covered with huge discounts already on the site.

Tencent's pursuit of bigger stakes in its existing gaming portfolio or new targets would give the company a bigger say in such firms' businesses and also help it secure the intellectual property rights of popular games, said the four sources.

He also claims the companies paid him near-daily bonuses totaling $30,000 a month to keep him playing and to entice him not to report problems with the games to the New Jersey Division of Gaming Enforcement.

Antar played live dealer blackjack and online slots, sometimes for 24 hours straight, he said in his lawsuit; he bet more than $5 million in one 16-day period in January 2020.
During the nine month period covered in the suit, he made more than 100,000 online bets.

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The Ubisoft deal comes just after deep-pocketed Tencent in June acquired Copenhagen-based Sybo Games, the developer of hit mobile game Subway Surfer, and in August took a 16.25% stake in Japan's "Elden Ring" developer FromSoftware.

Tencent's new strategy indicates how China's tech titans are looking to emerge from the regulatory shadows after two years of crackdown and uncertainty that weighed on their sales at home and triggered a massive selloff in their stocks.

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What countries can participate in the Prime Early Access Sale? Now that the Prime Early Access Sale is official, we know which countries will be able to participate. The event will run in 15 countries:

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