NJ iGaming Hits $2.4b--What's Next?

New Jersey's $2.4B iGaming milestone highlights an exploding market. One company, focused on VIP players, delivers $2.13 revenue per $1 spent, 20% retention rates, and 60% growth. With a tight share float and LatAm expansion, this stock is a rare gem.

Nintendo to announce Switch successor in this fiscal year as profits rise

YURI KAGEYAMA
May 07, 2024

TOKYO (AP) -- Japanese video-game maker Nintendo said Tuesday that it will make an announcement about a successor to its Switch home console sometime before March 2025.

In reporting its financial results, Nintendo gave no details about the announcement, including about whether it would launch that successor product during this fiscal year, or just announce its plans for it.

"We will make an announcement about the successor to Nintendo Switch within this fiscal year. It will have been over nine years since we announced the existence of Nintendo Switch back in March 2015," the company's president, Shuntaro Furukawa, said in a statement.

Kyoto-based Nintendo Co. reported a 13% rise in profit for the fiscal year that ended in March, boosted by solid demand for Switch software like "The Legend of Zelda: Tears of the Kingdom."

Nintendo's net profit for the fiscal year through March 2024 totaled 490.6 billion yen ($3 billion), up from 432.7 billion yen in the previous fiscal year. Annual sales rose 4% to 1.67 trillion yen ($11 billion), nearly 80% of it from outside Japan.

Besides "The Legend of Zelda," whose global sales for the fiscal year totaled 20.6 million units, "Super Mario Bros. Wonder" sold 13.4 million units, and "Pikmin 4" sold nearly 3.5 million, according to Nintendo.

The release a year ago of the film, "The Super Mario Bros. Movie," also helped sales.

The yen's weakness against the dollar, which lifts the value in yen of overseas earnings of Japanese exporters like Nintendo, also helped. The U.S. dollar has averaged about 151 Japanese yen over the past fiscal year, up from 133 yen in the previous fiscal year.

Nintendo, which did not break down quarterly numbers, was less optimistic about its financial results for the fiscal year through March 2025, forecasting net profit to fall to 300 billion yen ($1.9 billion).

Nintendo has sold more than 141 million Switch machines, 15.7 million of them during the fiscal year that just ended.

Such sales tend to gradually decline over the years, so offering a steady stream of fun games is crucial.

"Endless Ocean Luminous," which went on sale this month, has the player go on a virtual scuba diving adventure, complete with whales, colorful fish and other sea creatures. "Luigi's Mansion 2," featuring the plumber Mario's brother, goes on sale next month.

Nintendo is also planning a new film for worldwide release in April 2026. It's counting on the openings of Donkey Kong Country in Universal Studios Japan, as well as a museum on Nintendo in Kyoto, both scheduled for later this year, to woo more fans to its franchise.

___

Yuri Kageyama is on X: https://twitter.com/yurikageyama

Continue Reading...

Popular

Stellantis to resume work at Illinois plant in 2027 as it looks to resolve issues with UAW

Automaker Stellantis plans to reopen an assembly plant in Illinois and build the next generation Dodge Durango in Detroit, the automaker said Wednesday.

Donald, Melania Trump Meme Coins Are A Personal Brand Play, Says Anthony Pompliano

Anthony Pompliano, founder and CEO of Professional Capital Management, discussed the rise of branded “meme coins” like those tied to Donald and Melania Trump.

Crypto Stocks Are Heating Up - Ad

At the center of this transformation is a game-changing platform that's experiencing explosive growth with $41 million in revenue in just nine months. The stock has doubled in the last 45 days, but this is only the beginning.

Starbucks' policy change flushes out a debate over public restroom access

Starbucks’ decision to to paying customers has flushed out a wider problem: a patchwork of restroom policies that has left Americans confused and divided over the loo and when.

NJ's $2.4B iGaming Boom: One Stock to Watch - Ad

The iGaming market is rewriting the rules, with New Jersey hitting $2.4B in revenue last year. One company stands out, delivering $2.13 for every $1 spent and expanding into lucrative markets.

SoftBank's Role in $500 Billion Stargate AI Venture Seen as Major Growth Driver, Analyst Says

Trump Administration announced Stargate AI infrastructure joint venture, investing $500 billion over 4 years. SoftBank, Oracle, OpenAI, and Abu Dhabi's MGX involved.

Trump's first day actions loom large as Davos begins

DAVOS, Switzerland (AP) — As the World Economic Forum’s annual gabfest gets into full swing Tuesday, gave everybody something to talk about with his actions on his first day back in office.

Crypto Stocks Surge Amid Market Boom - Ad

Crypto stocks are on fire as Bitcoin hits all-time highs. One under-the-radar company is leading the charge, managing $2.1 billion in client assets and seeing record trading volumes. With crypto adoption skyrocketing, this could be a game-changing opportunity.

Auto-followed Trump on Facebook? It's probably because you previously liked the POTUS account

SAN FRANCISCO (AP) — Some Facebook and Instagram users were surprised to find themselves automatically following the accounts of President Donald Trump or Vice President JD Vance this week after the president was inaugurated — but that's likely because they had previously followed official U.S. government accounts.

Governor proposes banning cellphones in schools throughout New York state starting next fall

ALBANY, N.Y. (AP) — Students throughout New York state might have to give up their starting next fall under a proposal announced Tuesday by Gov. Kathy Hochul.

He Called Every Bull And Bear Market In Crypto Since 2012 ... Here's What He Says Is Next - Ad

Juan Villaverde may be America's top crypto expert. According to Juan's timing model, we are entering what could be the biggest bull market in crypto's history. With America's first crypto president in office, it could be the biggest gains the market has ever seen. And one special coin could skyrocket.

Himax To Gain Big As TSMC, Nvidia and AMD Advance Silicon Photonics and COUPE Tech: Analyst

Kuo predicts Himax as potential supplier for Taiwan Semiconductor's Compact Universal Photonic Engine development, with revenue reaching $2.4B in 2028.

Trump to announce newly formed partnership investing $500B in AI

WASHINGTON (AP) — President Donald Trump on Tuesday is announcing investments worth up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.

The VIP Strategy Behind iGaming's Best Stock - Ad

NJ's record $2.4B iGaming revenue proves the market is booming. One company targeting high-value players boasts $2.13 ROI, double retention rates, and entry into a $12B Latin American market. With growth catalysts ahead, this stock is one to watch.

Prince Harry's lawsuit against The Sun is part of a long saga of alleged tabloid misbehavior

LONDON (AP) — trial against the publisher of The Sun, which opens Tuesday, follows over the cutthroat practices of the British press in the days when newspapers sold millions of copies and shaped the popular conversation.

Thomas Tighe reflects on 24 years leading the international health nonprofit Direct Relief

SANTA BARBARA, Calif (AP) — Just days before ending his 24-year tenure as president and CEO of Direct Relief, Thomas Tighe was still so energized talking about delivering free medications to people who couldn't afford them that he seemed to forget he was standing inside an enormous “cold room,” set to a crisp 39 degrees Fahrenheit (4 degrees Celsius).

Crypto Stocks Surge Amid Market Boom - Ad

Crypto stocks are on fire as Bitcoin hits all-time highs. One under-the-radar company is leading the charge, managing $2.1 billion in client assets and seeing record trading volumes. With crypto adoption skyrocketing, this could be a game-changing opportunity.

What Melania Trump wore to the inauguration -- including the hat

While red baseball caps have become synonymous with President Donald Trump, made her own millinery-related fashion statement, sporting a navy wide-brimmed hat by an American designer

What's next for EVs under President Trump?

WASHINGTON (AP) — President Donald Trump signed an executive order promising to eliminate what he incorrectly labels “the electric vehicle mandate” imposed under former President Joe Biden.

FORGET Crypto, FORGET Stocks... Do THIS Instead... - Ad

With everyone scrambling for the next hot AI stock or cryptocurrency... One man is saying FORGET them all. Because his strategy could lead to bigger gains than you'd see from stocks, crypto or anything else you might be seeing. It's shown his readers gains of 85% in 14 days... 55% gains in 2 days... And even 222% in 8 days!

Stock market today: Asian shares trade mixed in a muted reaction to the U.S. inauguration

TOKYO (AP) — Asian shares were mixed in mostly muted trading on Tuesday, despite anticipation for a market reaction to the inauguration of U.S. President Donald Trump.

The $20 Stock Powering NVIDIA, TESLA, and Microsoft - Ad

The biggest AI firms in the world... All rely on this single company. And right now, you can get in for only $20 - but not for long.

Dozens of firms pull ads from Japanese network over sex scandal linked to its staff and celebrity

TOKYO (AP) — Dozens of major Japanese companies have pulled their commercials on Fuji Television amid allegations company officials tried to cover up a sex scandal involving one of the country’s most famous TV hosts.

Marco Rubio Becomes First Trump Cabinet Pick To Be Confirmed As Secretary Of State

Marco Rubio has been confirmed as the first Latino U.S. Secretary of State, gaining bipartisan support on the day of Trump's inauguration.

Legendary Investor: Buy These "Trump Stocks" Now - Ad

Within the first week of Trump's election, several stocks exploded for double- and triple-digit gains. According to legendary investor Louis Navellier, this is just the beginning of what could be the best four-year period for stocks in U.S. history.

Sequel to Prince Harry's feud with British tabloids begins in high-stakes trial

LONDON (AP) — The sequel to begins Tuesday in a high-stakes pitting him against Rupert Murdoch’s newspapers that could cost him millions even if he wins.

FDA Places Clinical Hold On Atara Biotherapeutics' Two Cell Therapy Programs

FDA halts Atara's EBVALLO and ATA3219 trials over manufacturing issues. Atara eyes $60 million milestone from Pierre Fabre upon EBVALLO approval.

Get Your Retirement Plan in Shape in 2025 - Ad

The clock is ticking -- make the most of Q1 to set up a retirement plan that works for you. Datalign Advisory can help you get everything in order before tax time.

Solana Blockchain Faces Network Congestion As Trump And Melania Meme Tokens Surge: What You Need To Know

The Solana (CRYPTO: SOL) blockchain experienced significant network congestion on Monday as enthusiasm around President-elect Donald Trump-themed meme tokens triggered unprecedented transaction volumes, leading to technical difficulties for key infrastructure provider Jito Labs

Trump's Crypto Silence: Inauguration Omission Sparks Questions After History Of Mixed Signals

In a moment keenly watched by the global financial community, Donald Trump‘s inauguration address on Monday notably omitted any mention of cryptocurrency.

TICKER: REDACTED -- Buy Now! - Ad

This one stock has been responsible for gains of 85% in 14 days, 176% in 5 weeks, 41% in two weeks, 120% in 3 months, 138% in 8 days, 186% in 8 days, 222% in 8 days, and many more... Now, millionaire trader Jeff Clark is revealing his strategy for trading this stock PLUS the full name and ticker symbol for FREE.

Tesla's Vietnamese Rival VinFast Enters 'Next Growth Frontier' India Amid Global Expansion Push, Plans $500 Million Investment

Vietnamese electric vehicle manufacturer VinFast Auto is entering India's growing EV market with two premium SUVs, following strong third-quarter 2024 delivery growth and significant financial backing from its founder.

Dogecoin To A Dollar? ETF Filing Just Increased The Chance By 7 Percentage Points, Kalshi Traders Speculate

Dogecoin's (CRYPTO: DOGE) recent surge in whale activity, coupled with the filing of a DOGE Exchange-Traded Fund (ETF), has bolstered market sentiment, sending its odds on prediction markets higher.

How to Invest in Trump's Crypto Revolution with Just $25 - Ad

Since Donald Trump was elected, Bitcoin has soared to over $104,000. That's a six-figure price tag -- PER COIN! But there's a much less expensive -- and better way to take advantage of Trump's crypto revolution. I'm talking about a way to make huge gains with just $25. But you need to be fast.

Trump Meme Coin Plummets 30% But Traders Say It's Just A Correction

The meme coins of President Donald Trump and First Lady Melania Trump, have taken a sharp downturn after reaching record valuations on their launch day.

The Stock Driving iGaming's Success - Ad

iGaming is thriving, with NJ hitting $2.4B in revenue. One company leads the pack with 20% retention rates, 60% growth, and expansion into new markets. Tight insider ownership make this stock a standout.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service