Friday, August 29, 2014

Video Game / eSports Video Site Gets High Score from Amazon

Pithy headline aside, the amount of money Amazon is paying for is ginormous - like to the tune of $970 million IN CASH.  Definitely a high score!  The site is a live streaming site, where users can watch uploaded videos of people playing video games.  Users can upload their game videos, to include commentary, as well as create "programming" in the form of scheduled live podcasts and/or content.

A huge score for Twitch and again shows indirectly the value of eSports as well as documenting the shift from traditional broadcast content toward user-generated, web- and mobile-delivered content.  The Business Insider story reports that in February, Twitch was fourth in peak internet traffic, behind Netflix, Google and Apple.

For more on this story, see the Business Insider article here.

Tuesday, August 12, 2014

Atlantic City "Bust" For Revel Casino

You know your property isn't that attractive when you can't attract buyers at fire sale prices. That's what happened last week when Atlantic City's Revel Casino didn't attract any qualified bidders at its bankruptcy auction.  Bad bad news.  According to Caesars Entertainment's CEO, not attracting a bidder, "suggests that even at a de minimis price, people are finding it hard to imaging they can make money operating the Revel." That about sums it up for the Revel and likely for a good portion of the current crop of Atlantic City casinos.  As stated in previous posts, here and here, Atlantic City is in big trouble.

As a result, the Revel is scheduled to shut its doors on September 10th.  Stories on this topic can be found here and here.  RIP Revel, it was nice to know you...