Loot boxes, skins gambling forecast to generate $50 billion by 2022

first_imgAccording to a new study from Juniper Research, it’s been forecast that loot boxes and skins gambling will reach a spend of $50 billion (£35.265 billion) by 2022. This number is up massively from this year’s $30 billion (£21.159 billion).Loot boxes are in-game packs that hold random items, and skins are effectively in-game cosmetics that either affects the appearing of characters or weapons.Lauren Foye, Research author elaborated on the market: “Skins are acquired both through playing video games and from opening purchased loot boxes. These items have value depending on rarity and popularity within game communities. On PCs, skins are traded for real money via Steam’s ‘Marketplace’; the platform has 125 million registered users globally.”Steam has attempted to squash concerns surrounding skins gambling – in which the items are fundamentally used as virtual currency for betting – in the past. For years, third-party websites have allowed users to bet in-game skins to cash in for real money. It’s worth noting that Steam makes money from transaction fees when its marketplace is used, which could be part of the reason as to why this market still exists – despite it being unregulated.The study states that unless the regulation is implemented for skin trading and gambling, then wagers will surpass $1 billion (£705.085 million) globally since 11% of 11-16 years old in the UK had placed bets with skins in 2017.Esports Insider says: The underage aspect of skins gambling has been an issue for quite some time, but with gigantic numbers being forecast, it’s hard to see Steam not wanting the biggest piece of that pie that’s available. Nonetheless, esports is becoming more and more professional as it grows, so regulations seem inevitable at some point.last_img read more

Forecasters predict heavy snow for some parts of Iowa with winter storm Tuesday into Wednesday

first_imgMASON CITY — Forecasters say a storm system will move into the state  Tuesday, with the potential for rain, freezing rain and high winds and well over half a foot of snow in some areas.Kenny Podrazik, a meteorologist based at the National Weather Service office in Johnston, says a winter storm watch has been issued for the northwest quadrant of the state. “That’s in effect from Tuesday night into mid-day Wednesday and right now we’re looking at a good swatch of three-to-eight inches,” Podrazik says. “Even further west along the Missouri River there, could see up to nine inches. The Sioux City and Sheldon could see up to around nine inches.”The National Weather Service is predicting near-blizzard conditions in north central and parts of northwest Iowa due to the strong winds associated with this storm on Tuesday night into Wednesday morning. Podrazik says advises finding an alternate route if you’re planning to drive when the storm hits in that area.“Maybe delay or even move up travel, if possible, because you don’t want to get stuck out in this Tuesday night,” Podrazik says.The storm’s timing, though, may provide a window for Iowans making shorter trips for Thanksgiving.“The good ‘silver lining’ part of it is it’s going to happen on Tuesday into Wednesday, so there’s still some time for road crews to kind of clear off the roads,” he says.Another low pressure system will move into the area as early as Thursday afternoon.“It will really cause just some periods of rain, snow, wintry mix,” Podrazik says. “The period that we’re really kind of concerned about it the Friday night into Saturday time frame…Even traveling back from where you’re going on Thanksgiving could be a little bit dicey as well, so stay tuned to that.”The current Winter Storm Watch includes Sioux City, Spencer, Fort Dodge, Mason City, Denison and Spencer from tomorrow night until Wednesday morning.last_img read more


first_imgONE OF Donegal’s leading lawyers, who specialises in banking matters, has told donegaldaily.com that people who invested in ETIC Solutions could wait ‘up to five years’ to get any monies back.And despite the fact we know more than 200 people in Donegal gave convicted crook Francois de Dietrich millions of euro, so far just EIGHT people have made a formal complaint to Gardai.The lawyer we spoke to has also warned that just because Stg£20.2M has been located by authorities in the North, it doesn’t mean all the money has been found. One account located by Gardai contains less than €2M. Two businessmen have won a Dublin High Court case preventing that money from being withdrawn.Gardai believe dozens more investors will now come forward after revelations the French crook is a career criminal who specialises in conning people out of cash. He has a lengthy criminal record for deceit.The lawyer told us: “My advice to people could not be more clear. Anyone who lost money needs to record that as soon as possible with the authorities.”It is thought that some investors will not come forward as they invested ‘undeclared’ monies in the scam. FRANCOIS INVESTIGATION: IT COULD TAKE YEARS TO GET MONEY BACK, JUST 8 PEOPLE COMPLAIN TO GARDAI was last modified: January 30th, 2011 by gregShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Sharlyn Smith Sharon Wilson Co Toasts UB Education Transforms Lives November 15

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsApp#Bahamas, November 18, 2017 – Nassau – When prominent attorney Sharlyn Smith asked the perfectly coiffed, clothed and cultured island A-listers to raise their glasses and toast to the vision of University of The Bahamas (UB) and the value of education, she realized that beyond the lavish draping, shimmering lights, silk-covered tables and fine champagne, the evening held a serious message – excellence and opportunity made possible through education.Sharlyn Smith & Dr. Rodney Smith“On the first anniversary of the University of The Bahamas’ charter, this event helps to realize the vision of the university as the nation’s primary resource for research, innovation and community engagements while ensuring that the University will meet its mission of advancing and expanding access to higher education,” she said.   “Supporting this function was a natural outreach for our firm with our many links to the community.   We also recognize that along with giving, Sharon Wilson & Co. benefits from the commitment to education that is a hallmark of this institution.   Among our complement of six attorneys and talented administration staff are four members of the alumni of this prestigious university.”Many more in the well-heeled crowd were clients and colleagues of the firm founded in 2000 and headquartered on East Shirley Street.   Along with its strong support for UB, the firm has been a platinum sponsor of the National Youth Choir for more than 10 years and sponsors the Landlord and Tenant Prize at the Eugene Dupuch Law School.The evening drove home the personal nature of giving to Mrs. Smith. Her mother, Sharon Wilson, a woman with a list of titles as long as a good memory — former Chief Magistrate and twice President of the Senate of the Commonwealth of The Bahamas – was the first in her family to receive a college education and it took a scholarship to help get her through.“The principal in our firm was the first in her family to receive a college education, also with the benefit of scholarship,” Mrs. Smith said at the event organized to raise funds to endow scholarships for those who are first in their family to attend college.It was a night that was all about firsts – the first University of The Bahamas’ President’s Gala Soiree to raise funds for the first in a family to be college bound, the first time the Harry C. Moore Library was transformed into a setting that was so glamorous and glittering Hollywood would have been proud. More than 200 people attended the event.Press Release: DPA News Related Items:last_img read more

Road crash kills 2 students in Gazipur

first_imgOfficer-in-charge of Sreepur police station Asaduzzaman said the cattle-laden human hauler crashed into the auto-rickshaw carrying five schoolboys at noon while returning home after sitting for a model examination, leaving the duo killed on the spot and three others injured. The deceased are Siam, 12, son of Shahjahan Miah, and Shihab, 12, son of Nazrul Islam of Doyaibari village in the upazila. Two primary school students were killed and three others injured when a human hauler hit an auto-rickshaw at Shahjahanpur in Sreepur upazila on Tuesday, reports UNB. The injured were taken to Sreepur Upazila Health Complex. Both of them are Class-V students of Doyaibari Madhyapara Govt Primary School. They were supposed to appear in this year’s Primary Education Completion (PEC) examination.last_img read more

Bogra road accident toll rises to 4

first_imgAt least four people were killed and 25 others injured in a road accident at Mokamtala in Shibganj upazila of Bogra district on early Wednesday.The deceased are Abdul Zabbar, 55, son of a certain Bhola Mia of Harirampur village in Shibganj, Ashraful Alam, 55, son of Bazlur Rahman of Kurigram, Ram Krisna, 38, of Pirgachha, Monowara Begum, 55, of Gangachara in Rangpur.Shibganj police station officer-in-charge Saif Mahmud said a Kurigram-bound bus from Dhaka hit a roadside tree as its driver lost control over the steering around 5:30am, leaving three passengers dead on the spot, reports UNB.Among the injured, a woman succumbed to her injuries at Gabindaganj Health Complex.Twelve other injured were taken to different local hospitals, the OC added.last_img read more

4 Things Data is Not and Where to Focus Instead

first_img Register Now » 5 min read Opinions expressed by Entrepreneur contributors are their own. Imagine this scenario. Jane blinks and a smart car pulls up, knowing it’s time for her doctor’s appointment. No, the smart car isn’t connected to Jane’s eyes, but through refined data, a company like Google or Uber can know when your next medical checkup is due, help you book an appointment with the doctor and send a smart car to pick you up.This is the age of data, where the relationship between consumers, advertising agencies and service providers can be strengthened. While we’re still far from an utopian world — where companies have acquired enough intelligence to monetize and use data mined from our lives to allow their machines to interact on an interpersonal level with humans — it’s not too out of reach.Related: The Big Deal About Big Data For Small BusinessesAccording to research, each person will generate around 1.7 megabytes of new data every second by 2020. There’s value in big data, and everybody wants a piece of the pie. But big data is just part of a huge process. Here’s what data is not and how companies should aim to recoup their investment in big data.1. Data is not cash.Unlike ad clicks that instantly turns a publisher’s or distributor’s efforts into cold cash, data is not cash. While companies are hungry for more data, there’s already an abundance of data. Data generated is said to reach 44 trillion gigabytes annually by 2020. Extracting the investments venture capitialists have poured into startups in the name of big data is where the job lies.When your company finds itself at an intersection between providing value and impressing investors, data can make the job of your CEO a lot easier. However, your big data must go through the process where the chief data officer directly gives the CEO recommendations on how best to provide real value while generating revenue from multiple touchpoints made possible by big data.When there’s an abundance of data, getting value from it lies in the job that real humans still have to do.2. Data is an unprocessed raw material, not a finished product.Data is not useful unless translated and its value uncovered. The biggest issue with big data is management. Data management under this umbrella involves the following:Storage — As the volume of data a company acquires becomes bigger, it must address the issue of storage. How to keep data safe and protected will be of concern.Validating — Your data still needs to be validated. Processing — The job of the data management team will be to process and make sense of big data.Big data will need a focused team that is dedicated to processing data generated from IOTs, consumer behaviors and analytics. But the role of this team will be no mean feat as the team needs to make sense of the huge volume of data that will bombard them in real time. Hence, the question will shift from how big is the data being processed to how fast is the data being processed.Related: ‘Big Data’ Is No Longer Enough: It’s Now All About ‘Fast Data’3. Data is not a quick fix to underperforming marketing.You will often hear CEOs and CMOs declare big data as part of their strategy. They believe once the company is able to generate enough data through IOT and consumer behavior, investors will begin to smile again. This is a big promise albeit without any real execution plan to follow through.I hate to break it to you, but data in itself will not solve your performance problems. What will turn an underperforming business around is its approach to addressing key concerns through marketing initiatives supported by data. This means businesses should not be afraid to take the leap into new market segments. It’s a no-brainer. Think mobile and augmented reality.4. Data is not perfect.From instances where data presents false positives to incorrect findings, data is anything but perfect. Starting from the tools that transmit data to the models on which the analysis is based, it’s all prone to error. This is not a result of bad design, per se. Much of the blame lies on the fact that processing big data is a complex job.Related: Why Entrepreneurs Should Look Beyond Big DataIn a world where context is everything, validating big data is the most important aspect of data management. The best way to get good results from data analysis is to question every piece of information over and over again. By involving human elements in the data analysis and validation process, you can guarantee that future predictions based on big data are leading to real insights.  Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. July 29, 2016last_img read more