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

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."

Sitting pretty: While the pair are reportedly trying to remain friends for the sake of their sons Milan, nine, and Sasha, seven, the duo kept their distance as they attended the sporting event with Shakira seen sitting with Sasha

She went on to talk about having a 'nomadic life' before their children started school and then settling down in Barcelona in favour of Piqué's soccer career instead of moving to the US which was best for her music career.

nalys. Maurice Klaehne of Counterpoint Research said that "Google certainly has the capability and resources to become a major smartphone player, but that is not Pixel's strategy," noting that growing Android remains Google's main

31, the panel of government officials calls for creation of a new regulatory body under India's IT ministry to determine which online games qualify as games of skill, then "seek compliances and enforcement."

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.

Though the panel considered only online skill games, and not gambling, which is handled by states, it noted that many offshore betting and gambling websites that are illegal in India have become popular among Indian users.

Tencent's growing focus on overseas assets and markets is in sharp contrast to its much slower dealmaking pace at home since the regulatory clampdowns intensified, and the divestment of a clutch of domestic portfolio companies.
phone. First introduced in 2016, the Pixel was a late-comer to the portable phone trend, arriving nearly a decade after Apple's iPhone and seven years after Samsung's Galaxy model, the two products that dominate today

tions. Those paltry sales figures are partly due to the Google phone's limited availability, with the Pixel 5 sold in less than 10 countries as the tech giant has focused its smartphone investment on software rather than its own

"I think it's a combination of everybody getting used to each other down in that region. You can never practice that region enough and we have to execute better, we have to coach better, we have to come up with better plays and we have to run the ball more.

"We are harnessing the untapped potential across the esports and games sector to diversify our economy, drive innovation in the sector and further scale the entertainment and esports competition offerings across the Kingdom."

A senior gaming industry executive said the recommendation that a regulatory body evaluate different formats of online games could raise entry barriers for new players and increase scrutiny of companies' current offerings.

To streamline the legal framework, the 108-page report says India needs a new federal online gaming law, which will provide regulatory flexibility "with punishment provisions, along with blocking powers, for the government against prohibited gaming formats".

Simply defining games has been contentious. India's Supreme Court says the card game rummy and certain fantasy games are skill-based and legal, but at least one state court classified games such as poker as chance-based, or akin to gambling, which is banned in most states.

nalys. Google has instead focused on boosting its Android operating system, which was launched in 2008 and included more than 80 percent of the smartphones sold in the first half of 2022, according t

NEW DELHI, Sept 15 (Reuters) - India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a stricter stance on gambling websites, a government panel said in a report seen by Reuters.

'I can only say that either consciously or subconsciously, everything I feel, everything I go through is reflected in the lyrics I write, in the videos I make,' Shakira responded. 'When the glove fits, it fits. Like I said before, my music is that channel.'

'And what's also real is the disappointment to see something as sacred and as special as I thought was the relationship I had with my kids' father and see that turned into something vulgarized and cheapened by the media. And all of this while my dad has been in the ICU and I've been fighting on different fronts. 
'I've remained quiet and just tried to process it all. Um, and yeah, it's hard to talk about his it, especially because I'm still going through it, and because I'm in the public eye and because our separation is not like a regular separation. And so it's been tough not only for me, but also for my kids. Incredibly difficult.'

Apart from the core gaming sector, Tencent is also looking to snap up global assets, in particular in Europe, related to the so-called metaverse, said one of the sources and another source with direct knowledge of the matter.