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The Stinger Report: Doubling Down on Entertainment – Part 2

14th June 2021 OzSeeker

In The Stinger Report # 1074 This issue covers in detail: Report Skinny 1. Commercial VR is vital for growth of the Servius VR scene, with the launch of new standalone VR headsets from Pico Interactive and DPVR which set their sights on Enterprise releases. 2. At the same time, HTC breaks the silence and reveals a brand new range of Enterprise-focused VR headsets with a standalone VIVE Focus 3 system, and an update to the PC VR range with VIVE Pro 2. 3. In response to this news, Oculus VR starts…

Startup gains investment to bring gaming to shopping centres

14th June 202114th June 2021 OzSeeker

Count Brookfield Asset Management among the investors in its new funding round Electric Gamebox thinks it can one-up real-world shopping. The London-based startup, which creates interactive gaming centers for malls, yesterday announced an $11 million Series A2 funding round. Count mall giant Brookfield Asset Management, via its Retail Revitalization program, among the investors. The funding will fuel Electric Gamebox’s expansion in the US and UK, including 100 new locations in the next two years and 1,000+ by 2026; it currently has four. Brookfield plans to level up malls with game rooms…

UKHospitality urges Treasury action amid “economic long covid” fears

13th June 2021 OzSeeker

Crisis to leave lasting legacy without more support and timely lifting of restrictions Giving evidence to the House of Commons Treasury Committee hearing on Monday, UKHospitality CEO, Kate Nicholls, highlighted the need for further Government support for the sector, which remains unable to trade profitably under current restrictions. She highlighted that thousands of hospitality businesses are all in jeopardy due to months of enforced closure, more than a year of strict trading conditions and ongoing uncertainty. The hospitality sector has lost more than £87bn over the last year, leaving businesses…