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Sea Of Thieves Beta Available To Pre-Load On Xbox One And PC

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Microsoft’s upcoming pirate game, Sea of Thieves, is releasing it’s closed Beta on January 24th that developers say “offers a true taste of the pirate life.”

The beta is available to pre-load for Xbox One and PC but it is restricted to players who have joined the Sea of Thieves Insider Program prior to December 1, 2017 or have pre-ordered the game.

The Sea of Thieves closed beta begins at 4 AM PT / 7 AM ET / 12 PM GMT on January 24 and runs until 12 AM PT / 3 AM ET / 8 AM GMT on January 29.

Sea of Thieves will release for Xbox One and PC on March 20, allowing cross-play between the two platforms.

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Blaze Entertainment Says Evercade Units Stolen in Robbery

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Evercade

Blaze Entertainment says that they were the victims of a robbery back on December 6th that saw a lorry carrying limited edition units of the Evercade EXP was the subject of a suspected “targeted, possible organized attack”, according to Eurogamer.

Per the report,  over £500,000 worth of hardware was taken, as the units were en route to a Funstock warehouse in the United Kingdom where the limited edition Evercade consoles were being sold.

“We at Blaze are hugely frustrated and angry that this has occurred, and with these products so close to release the timing could not be worse,” Andrew Byatt, CEO of Blaze Entertainment said in an official statement. “We have shared all the information, including evidence of theft, with the UK Police and we await news of their investigations.”

Byatt said that the company is “hopeful of recovering the stock” and said that the company had already started production on replacements to be sent out as soon as possible.

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GameStop Continues Troubling Trend in Q3

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GameStop

GameStop continues to see a dip in sales and Q3 data shows that the company is not showing that it can climb out of the troubling spot it has been in for the last few years, according to the company’s financial report.

The numbers demonstrate the financials for the three month period that ended on October 29th, 2022.

The numbers:

  • Net sales: $1.2 billion, down 8% year-over-year
  • Net loss: $94.7 million, down 10% year-on-year
  • Hardware and accessories: $627 million, down 6% year-over-year
  • Software: $352 million, down 19% year-over-year
  • GameStop’s net loss was down 10% compared to the same period last year, but still hit $94.7 million
  • Sales decreased across the board

In an earnings call (as transcribed via Seeking Alpha), Gamestop CEO Matt Furlong stated that the company would not provide “formal guidance at this time.”

“It is worth reiterating, however, that our goal is to achieve profitability in the near term,” he said.

“I want to finish by reiterating what we’ve said in the past. We’re attempting to accomplish something unprecedented in the retail sector. We’re seeking to transform a legacy brick-and-mortar business that was on the brink of bankruptcy into a retailer that meets customers’ needs through our stores, e-commerce properties and emerging sales channels. This path carries risk and is taking time, but it is the path we are on. With that said, GameStop is a stronger business today than at any time in the recent past.”

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Embracer Approved to Trade on Nasdaq Stockholm

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Embracer Group

Embracer Group has officially been approved to trade on Nasdaq Stockholm, which is the main market for Nordic companies, and the company’s first day of trading on the market will happen on December 22nd.

Embracer was previously trading on Nasdaq First North Growth Market, where they have been listed since November 2016 under the name THQ Nordic AB, and its last day there will be December 21.

“The rationale for the listing in 2016, and the related capital raise was, among other things, to finance growth, facilitate the possibility of using the company’s shares as a means of payment in acquisitions, and strengthen the company’s profile and brand among investors, customers and within the sector in general,” the company said in an official announcement.

“The listing of the company’s class B shares on Nasdaq Stockholm is an important step in [its] continued development and has been a long-standing ambition of the company’s board of directors and management,” it continued.

“In addition to the fact that the listing on Nasdaq Stockholm provides a quality stamp for the company, the listing is also expected to make the company’s class B shares even more attractive as a means of payment, which may facilitate future acquisition discussions. Furthermore, the listing on Nasdaq Stockholm is expected to better reflect the maturity of the company from a capital market perspective and enable more institutional investors to invest in the Company’s class B shares.”

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