[ {"id":"32791281-7c47-5a68-bc78-c9e6824c3914","type":"article","starttime":"1498192167","starttime_iso8601":"2017-06-22T23:29:27-05:00","priority":0,"sections":[{"business":"business"}],"flags":{"ap":"true"},"application":"editorial","title":"Governors wary of Medicaid cost shift in Senate health bill","url":"http://qctimes.com/business/article_32791281-7c47-5a68-bc78-c9e6824c3914.html","permalink":"http://qctimes.com/business/governors-wary-of-medicaid-cost-shift-in-senate-health-bill/article_32791281-7c47-5a68-bc78-c9e6824c3914.html","canonical":"http://www.apnewsarchive.com/2017/Governors-in-states-that-expanded-Medicaid-are-wary-of-a-bill-revealed-Thursday-by-Republican-leaders-in-the-U-S-Senate/id-dca0f77fa0c94fbfa58834e8282770ee","relatedAssetCounts":{"article":0,"audio":0,"image":4,"link":0,"vmix":0,"youtube":0,"gallery":0},"byline":"By JULIE CARR SMYTH and GEOFF MULVIHILL\nAssociated Press","prologue":"COLUMBUS, Ohio (AP) \u2014 Governors in several states that opted to expand Medicaid are wary of the Senate Republican plan to end the added federal funding for it within seven years.","supportsComments":false,"commentCount":0,"keywords":["wire","business","general news","health","government and politics","bills","legislation","legislature","government-funded health insurance","government programs","medicaid","state governments"],"internalKeywords":["#lee"],"customProperties":{},"presentation":null,"images":[{"id":"6117af13-5348-5df5-b875-05f164e1c2a8","description":"FILE - In this Tuesday, April 18, 2017, file photo, Alaska Gov. Bill Walker addresses reporters during a news conference in Juneau, Alaska. Governors in states that expanded Medicaid are wary of a bill revealed Thursday, June 22, by Republican leaders in the U.S. Senate. The expansion of the state-federal program has allowed 11 million lower-income Americans to gain health coverage. Walker, a Republican-turned-independent, said in a statement Thursday that he is still reviewing the Senate plan, but had some worries about how it might affect his vast and sparsely populated state, where health care costs are high. (AP Photo/Becky Bohrer, File)","byline":"Becky Bohrer","hireswidth":null,"hiresheight":null,"hiresurl":null,"presentation":null,"versions":{"full":{"type":"image/jpeg","width":"512","height":"384","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/6/11/6117af13-5348-5df5-b875-05f164e1c2a8/594ca075538ea.image.jpg?resize=512%2C384"},"100": {"type":"image/jpeg","width":"100","height":"75","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/6/11/6117af13-5348-5df5-b875-05f164e1c2a8/594ca075538ea.image.jpg?resize=100%2C75"},"300": {"type":"image/jpeg","width":"300","height":"225","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/6/11/6117af13-5348-5df5-b875-05f164e1c2a8/594ca075538ea.image.jpg?resize=300%2C225"},"1024":{"type":"image/jpeg","width":"1024","height":"768","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/6/11/6117af13-5348-5df5-b875-05f164e1c2a8/594ca075538ea.image.jpg"}}},{"id":"2a95cf1c-52bb-5bbd-ab56-5a477d34e578","description":"FILE - In this Thursday, Jan. 26, 2017, file photo, Oregon Gov. Kate Brown speaks to media representatives in Salem, Ore. Governors in states that expanded Medicaid are wary of a bill revealed Thursday, June 22, by Republican leaders in the U.S. Senate. The expansion of the state-federal program has allowed 11 million lower-income Americans to gain health coverage. \"We anticipate it will be hundreds of thousands of Oregonians that will be stripped of health care under this proposal in order to get a tax break for wealthy Americans,\" said Brown, a Democrat. (AP Photo/Don Ryan, File)","byline":"Don Ryan","hireswidth":null,"hiresheight":null,"hiresurl":null,"presentation":null,"versions":{"full":{"type":"image/jpeg","width":"512","height":"371","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/2/a9/2a95cf1c-52bb-5bbd-ab56-5a477d34e578/594ca07585744.image.jpg?resize=512%2C371"},"100": {"type":"image/jpeg","width":"100","height":"72","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/2/a9/2a95cf1c-52bb-5bbd-ab56-5a477d34e578/594ca07585744.image.jpg?resize=100%2C72"},"300": {"type":"image/jpeg","width":"300","height":"217","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/2/a9/2a95cf1c-52bb-5bbd-ab56-5a477d34e578/594ca07585744.image.jpg?resize=300%2C217"},"1024":{"type":"image/jpeg","width":"1024","height":"742","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/2/a9/2a95cf1c-52bb-5bbd-ab56-5a477d34e578/594ca07585744.image.jpg"}}},{"id":"2a90cea2-caed-58b6-9cdf-bec22fe8ff88","description":"FILE - In this Thursday, Dec. 10, 2015, file photo, Nevada Gov. Brian Sandoval speaks at a news conference in Las Vegas. Governors in states that expanded Medicaid are wary of a bill revealed Thursday, June 22, 2017, by Republican leaders in the U.S. Senate. The expansion of the state-federal program has allowed 11 million lower-income Americans to gain health coverage. Among the Republicans voicing concern are Ohio Gov. John Kasich and Sandoval. (AP Photo/David Becker, File)","byline":"David Becker","hireswidth":null,"hiresheight":null,"hiresurl":null,"presentation":null,"versions":{"full":{"type":"image/jpeg","width":"512","height":"371","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/2/a9/2a90cea2-caed-58b6-9cdf-bec22fe8ff88/594ca075b4030.image.jpg?resize=512%2C371"},"100": {"type":"image/jpeg","width":"100","height":"72","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/2/a9/2a90cea2-caed-58b6-9cdf-bec22fe8ff88/594ca075b4030.image.jpg?resize=100%2C72"},"300": {"type":"image/jpeg","width":"300","height":"217","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/2/a9/2a90cea2-caed-58b6-9cdf-bec22fe8ff88/594ca075b4030.image.jpg?resize=300%2C217"},"1024":{"type":"image/jpeg","width":"1024","height":"742","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/2/a9/2a90cea2-caed-58b6-9cdf-bec22fe8ff88/594ca075b4030.image.jpg"}}},{"id":"703b5ef7-676c-5b6f-988c-a8153fa76aef","description":"FILE \u2013 In this April 4, 2017, file photo, Ohio Gov. John Kasich delivers his State of the State address at the Sandusky State Theatre in Sandusky, Ohio. Governors in states that expanded Medicaid are wary of a bill revealed Thursday, June 22, by Republican leaders in the U.S. Senate. The expansion of the state-federal program has allowed 11 million lower-income Americans to gain health coverage. Among the Republicans voicing concern are Kasich and Nevada Gov. Brian Sandoval. (AP Photo/Ron Schwane, File)","byline":"Ron Schwane","hireswidth":null,"hiresheight":null,"hiresurl":null,"presentation":null,"versions":{"full":{"type":"image/jpeg","width":"512","height":"386","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/7/03/703b5ef7-676c-5b6f-988c-a8153fa76aef/594ca075eeb43.image.jpg?resize=512%2C386"},"100": {"type":"image/jpeg","width":"100","height":"75","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/7/03/703b5ef7-676c-5b6f-988c-a8153fa76aef/594ca075eeb43.image.jpg?resize=100%2C75"},"300": {"type":"image/jpeg","width":"300","height":"226","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/7/03/703b5ef7-676c-5b6f-988c-a8153fa76aef/594ca075eeb43.image.jpg?resize=300%2C226"},"1024":{"type":"image/jpeg","width":"1024","height":"772","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/7/03/703b5ef7-676c-5b6f-988c-a8153fa76aef/594ca075eeb43.image.jpg"}}}],"revision":1,"commentID":"32791281-7c47-5a68-bc78-c9e6824c3914","body":"

COLUMBUS, Ohio (AP) \u2014 Governors in several states that opted to expand Medicaid are wary of the Senate Republican plan to end the added federal funding for it within seven years.

The proposal released Thursday calls for a slower phase-out of the Medicaid expansion than a bill adopted by the House. Yet it still would force those states to figure out what to do about the millions of lower-income Americans who used it to gain health coverage.

The doubts about the latest plan are coming from Republicans, Democrats and the nation's one independent governor.

Among the Republicans voicing concern are Ohio Gov. John Kasich (KAY'-sihk) and Nevada Gov. Brian Sandoval. They say the GOP plan could leave hundreds of thousands of people in their states without coverage, including those dealing with chronic health problems.

"}, {"id":"cd861dbb-eaa5-5677-a259-ba094dcb0486","type":"article","starttime":"1498191545","starttime_iso8601":"2017-06-22T23:19:05-05:00","lastupdated":"1498194038","priority":0,"sections":[{"business":"business"},{"travel":"travel"}],"flags":{"ap":"true"},"application":"editorial","title":"Revenues rise slightly in Plainridge Park's second full year","url":"http://qctimes.com/business/article_cd861dbb-eaa5-5677-a259-ba094dcb0486.html","permalink":"http://qctimes.com/business/revenues-rise-slightly-in-plainridge-park-s-second-full-year/article_cd861dbb-eaa5-5677-a259-ba094dcb0486.html","canonical":"http://www.apnewsarchive.com/2017/Massachusetts-first-and-so-far-only-casino-has-enjoyed-a-modest-bump-in-revenues-in-its-second-full-year-in-operation/id-09888cba8b0c497f9fdb3cb9e0fb39cb","relatedAssetCounts":{"article":0,"audio":0,"image":1,"link":0,"vmix":0,"youtube":0,"gallery":0},"byline":"By PHILIP MARCELO\nAssociated Press","prologue":"BOSTON (AP) \u2014 Massachusetts' lone casino has enjoyed a modest revenue bump in its second year open.","supportsComments":false,"commentCount":0,"keywords":["wire","business","general news","travel","casino operators","hospitality and leisure industry","consumer services","consumer products and services","gambling industry","rock music","music","entertainment","arts and entertainment","horse racing","sports"],"internalKeywords":["#lee"],"customProperties":{},"presentation":null,"images":[{"id":"e11645fe-3fb4-548c-a287-feecafd8c770","description":"FILE - In this June 23, 2015, file photograph, an automated dealer asks for players to take a seat at a black jack video slot machine on the floor of the Plainridge Park Casino in Plainville, Mass. The state's only casino generated about $157 million in gross gambling revenues since June 2016, slightly higher than the $154 million it registered in its first full year but still far short of the $300 million initially projected for the slots parlor and harness racing track when it opened. (AP Photo/Charles Krupa, File)","byline":"Charles Krupa","hireswidth":null,"hiresheight":null,"hiresurl":null,"presentation":null,"versions":{"full":{"type":"image/jpeg","width":"512","height":"301","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/e/11/e11645fe-3fb4-548c-a287-feecafd8c770/594c9db2e9ce8.image.jpg?resize=512%2C301"},"100": {"type":"image/jpeg","width":"100","height":"59","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/e/11/e11645fe-3fb4-548c-a287-feecafd8c770/594c9db2e9ce8.image.jpg?resize=100%2C59"},"300": {"type":"image/jpeg","width":"300","height":"176","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/e/11/e11645fe-3fb4-548c-a287-feecafd8c770/594c9db2e9ce8.image.jpg?resize=300%2C176"},"1024":{"type":"image/jpeg","width":"1024","height":"602","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/e/11/e11645fe-3fb4-548c-a287-feecafd8c770/594c9db2e9ce8.image.jpg"}}}],"revision":2,"commentID":"cd861dbb-eaa5-5677-a259-ba094dcb0486","body":"

BOSTON (AP) \u2014 Massachusetts' lone casino has enjoyed a modest revenue bump in its second year open.

According to an Associated Press review, Plainridge Park in Plainville generated roughly $157 million in gross gambling revenues since last June, or slightly higher than the $154 million it registered in its first full year.

David Gulley, an economics professor at Bentley University in Waltham, says Plainridge Park's efforts to woo younger patrons by hosting rock concerts, boxing matches and other events appears to be paying off.

But Paul DeBole, a political science professor at Lasell College in Newton, notes that the annual haul is still a far cry from the $300 million initially projected for the slots parlor and harness racing track when it opened June 24, 2015.

The state collects 49 percent of the casino's revenues.

"}, {"id":"bde719ee-c4bd-5bc0-af3c-576073e68a57","type":"article","starttime":"1498191129","starttime_iso8601":"2017-06-22T23:12:09-05:00","priority":0,"sections":[{"business":"business"}],"flags":{"ap":"true"},"application":"editorial","title":"Bill would give preference to Maine, US companies","url":"http://qctimes.com/business/article_bde719ee-c4bd-5bc0-af3c-576073e68a57.html","permalink":"http://qctimes.com/business/bill-would-give-preference-to-maine-us-companies/article_bde719ee-c4bd-5bc0-af3c-576073e68a57.html","canonical":"http://www.apnewsarchive.com/2017/A-Democratic-senator-s-bill-to-give-preference-to-Maine-and-U-S-companies-in-state-contracts-is-receiving-support-in-the-Senate/id-26a88787eb3d4ed3895b9a5fbcf07fdc","relatedAssetCounts":{"article":0,"audio":0,"image":0,"link":0,"vmix":0,"youtube":0,"gallery":0},"prologue":"AUGUSTA, Maine (AP) \u2014 A Democratic senator's bill to give preference to Maine and U.S. companies in state contracts is receiving support in the Senate.","supportsComments":false,"commentCount":0,"keywords":["wire","business","general news","bills","legislation","legislature","government and politics"],"internalKeywords":["#lee"],"customProperties":{},"presentation":null,"revision":1,"commentID":"bde719ee-c4bd-5bc0-af3c-576073e68a57","body":"

AUGUSTA, Maine (AP) \u2014 A Democratic senator's bill to give preference to Maine and U.S. companies in state contracts is receiving support in the Senate.

Lawmakers voted Thursday to approve Sen. Troy Jackson's bill that would give preference among similar bids to in-state contractors.

Republican Sen. Tom Saviello's amendment would allow businesses to qualify as in-state companies if at least 60 percent of their workforce is located within Maine borders.

The bill also would create a provision in public works contracts that manufactured goods like iron and steel be manufactured in the U.S.

A failed amendment by Republican Sen. Andre Cushing would have removed the requirement for in-state preferences.

The state Department of Administrative and Financial Services opposes the bill and calls its requirements too ambiguous, burdensome and costly.

"}, {"id":"d765dc8b-1b63-5e44-92de-231bdf8a010c","type":"article","starttime":"1498191034","starttime_iso8601":"2017-06-22T23:10:34-05:00","priority":0,"sections":[{"business":"business"},{"world":"news/world"}],"flags":{"ap":"true"},"application":"editorial","title":"China tightens online video controls, jolting investors","url":"http://qctimes.com/business/article_d765dc8b-1b63-5e44-92de-231bdf8a010c.html","permalink":"http://qctimes.com/business/china-tightens-online-video-controls-jolting-investors/article_d765dc8b-1b63-5e44-92de-231bdf8a010c.html","canonical":"http://www.apnewsarchive.com/2017/Chinese-censors-have-ordered-three-popular-internet-services-to-stop-streaming-video-prompting-a-sell-off-in-the-U-S-trade-shares-of-Sina-Corp-and-its-microblog-service-Sina-Weibo/id-498c9c15d27b47cc876153be8104c18c","relatedAssetCounts":{"article":0,"audio":0,"image":0,"link":0,"vmix":0,"youtube":0,"gallery":0},"prologue":"BEIJING (AP) \u2014 Three popular Chinese internet services have been ordered to stop streaming video after censors complained it contained improper comments about sensitive issues. The move prompted a sell-off in the U.S.-trade shares of Sina Corp. and its microblog service, Sina Weibo.","supportsComments":false,"commentCount":0,"keywords":["wire","business","general news","technology","online video","online media","media","entertainment and media technology","video renting and streaming services","entertainment industry","media and entertainment industry","international trade","economy","social media","censorship","human rights and civil liberties","social issues","social affairs"],"internalKeywords":["#lee"],"customProperties":{},"presentation":null,"revision":1,"commentID":"d765dc8b-1b63-5e44-92de-231bdf8a010c","body":"

BEIJING (AP) \u2014 Three popular Chinese internet services have been ordered to stop streaming video after censors complained it contained improper comments about sensitive issues. The move prompted a sell-off in the U.S.-trade shares of Sina Corp. and its microblog service, Sina Weibo.

Authorities said Thursday video streamed by users of Sina Weibo, ACFUN and a website of Hong Kong-based Phoenix TV contained \"negative comments\" about unspecified sensitive issues.

Communist leaders promote internet use for business and education but operate extensive censorship aimed at blocking access to material deemed subversive or obscene. Internet companies are required to enforce censorship by removing postings about politically sensitive topics.

Sina Weibo shares fell 6.1 percent on the Nasdaq market and shares of Sina fell 4.8 percent.

"}, {"id":"12fa8bbd-c3bc-53da-b496-ef62d36f7c49","type":"article","starttime":"1498186434","starttime_iso8601":"2017-06-22T21:53:54-05:00","lastupdated":"1498188733","priority":0,"sections":[{"business":"business"},{"world":"news/world"}],"flags":{"ap":"true"},"application":"editorial","title":"Chinese automaker buys stake in Malaysia's Proton","url":"http://qctimes.com/business/article_12fa8bbd-c3bc-53da-b496-ef62d36f7c49.html","permalink":"http://qctimes.com/business/chinese-automaker-buys-stake-in-malaysia-s-proton/article_12fa8bbd-c3bc-53da-b496-ef62d36f7c49.html","canonical":"http://www.apnewsarchive.com/2017/The-Chinese-owner-of-Sweden-s-Volvo-Cars-says-it-has-signed-a-final-agreement-to-buy-a-stake-in-Malaysia-s-Proton-gaining-a-platform-to-expand-in-Southeast-Asia/id-e1009fc146bf4913bcda4ad1a22a07bf","relatedAssetCounts":{"article":0,"audio":0,"image":0,"link":0,"vmix":0,"youtube":0,"gallery":0},"prologue":"KUALA LUMPUR, Malaysia (AP) \u2014 The Chinese owner of Sweden's Volvo Cars says it has signed the final contract to buy a stake in Malaysian automaker Proton, gaining a platform to expand in Southeast Asia.","supportsComments":false,"commentCount":0,"keywords":["wire","business","general news","automobile manufacturing","consumer product manufacturing","consumer products and services"],"internalKeywords":["#lee"],"customProperties":{},"presentation":null,"revision":2,"commentID":"12fa8bbd-c3bc-53da-b496-ef62d36f7c49","body":"

KUALA LUMPUR, Malaysia (AP) \u2014 The Chinese owner of Sweden's Volvo Cars says it has signed the final contract to buy a stake in Malaysian automaker Proton, gaining a platform to expand in Southeast Asia.

Geely Holding Group's announcement Friday gave no financial details.

The company agreed in May to buy 49.9 percent of Proton and 51 percent of British sports car brand Lotus, which was owned by the Malaysian automaker.

Proton Holdings Bhd. was founded in 1983 by the Malaysian government to create a domestic auto brand and has a distribution network throughout Southeast Asia. Its sales have suffered due to growing competition and a reputation for poor quality and bland models.

"}, {"id":"cac91dad-0a6b-5a8c-9afe-43485f9156e3","type":"article","starttime":"1498183560","starttime_iso8601":"2017-06-22T21:06:00-05:00","priority":0,"sections":[{"markets-and-stocks":"business/investment/markets-and-stocks"}],"flags":{"ap":"true"},"application":"editorial","title":"Take-Two Interactive Sees Big Profit Potential in Esports","url":"http://qctimes.com/business/investment/markets-and-stocks/article_cac91dad-0a6b-5a8c-9afe-43485f9156e3.html","permalink":"http://qctimes.com/business/investment/markets-and-stocks/take-two-interactive-sees-big-profit-potential-in-esports/article_cac91dad-0a6b-5a8c-9afe-43485f9156e3.html","canonical":"http://news.lee.net/business/investment/markets-and-stocks/take-two-interactive-sees-big-profit-potential-in-esports/article_4bc3bd91-9846-5287-9105-531225e5be02.html","relatedAssetCounts":{"article":0,"audio":0,"image":1,"link":0,"vmix":0,"youtube":0,"gallery":0},"byline":"newsfeedback@fool.com (John Ballard)","prologue":"About a year ago, Take-Two Interactive (NASDAQ: TTWO) CEO Strauss Zelnick was skeptical of the potential of esports to be a profitable business and looked at it as nothing more than a marketing tool to increase awareness of certain games.\u00a0Speaking to gamesindustry.biz, Zelnick said at the time, \"[W]e have yet to see [esports] as a stand-alone profitable business. We see it more as an adjunct to consumer engagement in our titles.\"","supportsComments":false,"commentCount":0,"keywords":["wire"],"internalKeywords":["#lee"],"customProperties":{},"presentation":null,"images":[{"id":"bfa84c33-5bca-5ba3-a269-73c9bdf886d4","description":"","byline":"","hireswidth":null,"hiresheight":null,"hiresurl":null,"presentation":null,"versions":{"full":{"type":"image/jpeg","width":"580","height":"387","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/b/fa/bfa84c33-5bca-5ba3-a269-73c9bdf886d4/594c887ad6284.image.jpg?resize=580%2C387"},"100": {"type":"image/jpeg","width":"100","height":"67","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/b/fa/bfa84c33-5bca-5ba3-a269-73c9bdf886d4/594c887ad6284.image.jpg?resize=100%2C67"},"300": {"type":"image/jpeg","width":"300","height":"200","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/b/fa/bfa84c33-5bca-5ba3-a269-73c9bdf886d4/594c887ad6284.image.jpg?resize=300%2C200"},"1024":{"type":"image/jpeg","width":"1024","height":"683","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/b/fa/bfa84c33-5bca-5ba3-a269-73c9bdf886d4/594c887ad6284.image.jpg"}}}],"revision":1,"commentID":"cac91dad-0a6b-5a8c-9afe-43485f9156e3","body":"

About a year ago, Take-Two Interactive (NASDAQ: TTWO) CEO Strauss Zelnick was skeptical of the potential of esports to be a profitable business and looked at it as nothing more than a marketing tool to increase awareness of certain games.\u00a0Speaking to gamesindustry.biz, Zelnick said at the time, \"[W]e have yet to see [esports] as a stand-alone profitable business. We see it more as an adjunct to consumer engagement in our titles.\"

Fast-forward a year, and Take-Two has partnered with the NBA to create a professional esports league based on its popular basketball series, NBA 2K, and Zelnick appears to have raised his sights for esports' profit-making potential.\u00a0On Take-Two's fiscal 2017 fourth-quarter conference call, Zelnick expressed what appears to be a changed opinion of esports' potential: \"We believe that the NBA 2K esports league has a long-term potential to generate significant revenues and profit through broadcasting rights, ticket sales, pay-per-view events, sponsorships, advertising, and merchandise, just like any other professional sports league.\"

Image source: Getty Images.

What changed?

Zelnick's new opinion, based on the above quotes, may reflect two developments over the last year. First, Activision Blizzard\u00a0announced its esports ambitions with Overwatch League, which is clearly set up to generate a profit over the long term. As one competitor makes a move, it can stimulate other companies to reevaluate options. Second, another year has gone by with the esports market blazing a trail of rapid growth and growing popularity.\u00a0Market researcher Newzoo estimates esports revenue will grow 41% in 2017 to $696 million and will reach $1.5 billion by 2020. This revenue is primarily brand investment on advertising, sponsorship, and media rights. Ticket sales and merchandise are expected to make up only $64 million of esports revenue in 2017. This is roughly proportionate to a traditional league like the NBA, where ticket sales and other revenue items generated in arenas is only a small percentage of a team's total value.

We've also seen major tech companies like Facebook, Alphabet's\u00a0YouTube, and Amazon.com's\u00a0Twitch.tv\u00a0continue to make serious efforts to be key players in streaming competitive gaming events as well as offering a social destination to allow individual gamers to hook up, chat online, and stream games. Esports isn't just about video game tournaments, cash prizes, etc. -- it's contiguous with social media. Game companies are in a sweet position in that they own lucrative game brands that can serve as the nucleus of mini social media networks.\u00a0

Investment is what esports needs to be profitable

On Take-Two's recent conference call, Zelnick also added that the profit opportunity for the NBA 2K League\u00a0will be realized only with the right partner.\u00a0There is no better partner than the NBA to help make the NBA 2K League a very profitable one for Take-Two over time, as several of the participating NBA team owners have previous experience making investments in esports tournaments.

Take-Two's CEO is now in agreement with Activision Blizzard CEO Bobby Kotick in how they see the future of esports as potentially a profitable endeavor. Given the savvy capital allocation decisions of Zelnick and Kotick, the commitment from both of these companies to esports could be a sign that the fast-growing market of competitive gaming is crossing a major threshold toward profitability in the coming years.

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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Ballard owns shares of ATVI. The Motley Fool owns shares of and recommends ATVI, GOOG, GOOGL, AMZN, FB, and Take-Two Interactive. The Motley Fool has a disclosure policy.

"}, {"id":"8c10117a-d8b6-5776-8f63-c4d9795f1a4c","type":"article","starttime":"1498183500","starttime_iso8601":"2017-06-22T21:05:00-05:00","lastupdated":"1498191394","priority":0,"sections":[{"markets-and-stocks":"business/investment/markets-and-stocks"}],"flags":{"ap":"true"},"application":"editorial","title":"Here's Why Twitter's Turnaround Is Going to Work","url":"http://qctimes.com/business/investment/markets-and-stocks/article_8c10117a-d8b6-5776-8f63-c4d9795f1a4c.html","permalink":"http://qctimes.com/business/investment/markets-and-stocks/here-s-why-twitter-s-turnaround-is-going-to-work/article_8c10117a-d8b6-5776-8f63-c4d9795f1a4c.html","canonical":"http://news.lee.net/business/investment/markets-and-stocks/here-s-why-twitter-s-turnaround-is-going-to-work/article_d8601e56-ebc2-5daf-b5ea-881c07f338ce.html","relatedAssetCounts":{"article":0,"audio":0,"image":1,"link":0,"vmix":0,"youtube":0,"gallery":0},"byline":"newsfeedback@fool.com (Frank DiPietro)","prologue":"Twitter Inc.\u00a0(NYSE: TWTR) COO and CFO Anthony Noto gave investors a lot of information to chew on when he was interviewed at Recode's recent Code Conference. The event is held annually and is an invitation-only event for senior executives in the digital technology ecosystem.","supportsComments":false,"commentCount":0,"keywords":["wire"],"internalKeywords":["#lee"],"customProperties":{},"presentation":null,"images":[{"id":"cdfec7aa-3513-526b-99c1-bef266dbb9d8","description":"","byline":"","hireswidth":null,"hiresheight":null,"hiresurl":null,"presentation":null,"versions":{"full":{"type":"image/jpeg","width":"580","height":"387","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/c/df/cdfec7aa-3513-526b-99c1-bef266dbb9d8/5929d0b5e07c7.image.jpg?resize=580%2C387"},"100": {"type":"image/jpeg","width":"100","height":"67","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/c/df/cdfec7aa-3513-526b-99c1-bef266dbb9d8/5929d0b5e07c7.image.jpg?resize=100%2C67"},"300": {"type":"image/jpeg","width":"300","height":"200","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/c/df/cdfec7aa-3513-526b-99c1-bef266dbb9d8/5929d0b5e07c7.image.jpg?resize=300%2C200"},"1024":{"type":"image/jpeg","width":"1024","height":"683","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/c/df/cdfec7aa-3513-526b-99c1-bef266dbb9d8/5929d0b5e07c7.image.jpg"}}}],"revision":2,"commentID":"8c10117a-d8b6-5776-8f63-c4d9795f1a4c","body":"

Twitter Inc.\u00a0(NYSE: TWTR) COO and CFO Anthony Noto gave investors a lot of information to chew on when he was interviewed at Recode's recent Code Conference. The event is held annually and is an invitation-only event for senior executives in the digital technology ecosystem.

Noto's interview gave a lot of insight into Twitter's strategy and explained the pivot that the company is currently engaged in as it aims to increase the amount of non-user generated video featured on its platform. This is a timely move, as Cisco Systems\u00a0expects that internet video will grow threefold between 2016 and 2021, and live video will grow by a factor of 15 in that time frame.\u00a0

Image source: Getty Images.

The big picture

Twitter wants to be all about what is happening now. The company believes at its core are four principles that define every decision it needs to make about its business.

Noto made it clear that everything the company does going forward will be geared to improving one or more of the tenets Twitter has defined as its core focus.

The NFL deal helped build awareness of a broader strategy

Last year Twitter paid the NFL $10 million to stream 10 Thursday Night Football games on its platform.\u00a0This was one tactic in a strategy to demonstrate the platform's capability and gain publicity among its users and the advertising community that Twitter was out to transform itself. At the heart of that transformation would be live video-streaming. By making a deal for television's marquee property -- the NFL -- Twitter told the world it was serious about its plan.

Twitter can demonstrate the power of live video coupled with its platform. In the case of the NFL, it observed tweets created on game nights doubled, tweet impressions tripled, and the non-game related video starts doubled.\u00a0The NFL increased the overall usage of the platform by increasing user engagement.

Twitter wants to be the gold standard partner

Within nine months, Twitter went from not having a live video-streaming product to having 800 hours of live programming.\u00a0The company wants to show content creators that Twitter can help the content get to viewers who otherwise would not see it. As an example, in the case of the NFL, Twitter extended the league's reach, as 55% of the viewers were under 25 years old, an important demographic that isn't watching TV the way their parents did.

At this year's NewFronts annual marketing conference, Twitter announced 16 new live shows it would be adding to its platform this year, including a 24-hour digital news network from Bloomberg and 24-hour sports-focused programming from Stadium.

Revenue growth lags audience growth

Twitter's Q1 advertising revenue was down 11% year over year.\u00a0This is due to a 63% year-over-year price reduction for the cost of each ad impression.\u00a0The other factor is that budget decisions on where to advertise were made by ad agencies six to nine months ago before Twitter's new video strategy had been rolled out. You can't plan to advertise on something you don't know about.

Twitter's daily active users have shown five quarters of accelerating growth, a fact that may help pull in more ad dollars going forward.

Image source: Twitter.

Advertisers can see the increased size of Twitter's audience as well as the additional engagement it is generating with its users who may be in a hard-to-reach demographic. Couple that with all the new content that will be curated on the site in terms of live events, progress highlights, after-event highlights, and video on demand, and one may begin to see the full scope of potential for Twitter.

Foolish final thought

Before you decide to invest in Twitter, there is an important point to make about its CEO and founder Jack Dorsey. He does not think about Twitter and its strategy in months or years; he thinks about it in terms of decades.\u00a0So if you're trying to make a quick buck, Twitter is probably not the right investment. On the other hand, if you are playing the long game, this company may be a nice fit for your portfolio.

10 stocks we like better than Twitter

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Frank DiPietro owns shares of Twitter. The Motley Fool owns shares of and recommends Twitter. The Motley Fool recommends CSCO. The Motley Fool has a disclosure policy.

"}, {"id":"5fce3bb0-13ee-5e2e-acce-f05389889c6d","type":"article","starttime":"1498183140","starttime_iso8601":"2017-06-22T20:59:00-05:00","priority":0,"sections":[{"markets-and-stocks":"business/investment/markets-and-stocks"}],"flags":{"ap":"true"},"application":"editorial","title":"Imagination Can't Survive Without Apple, So Now Wants to Sell Itself","url":"http://qctimes.com/business/investment/markets-and-stocks/article_5fce3bb0-13ee-5e2e-acce-f05389889c6d.html","permalink":"http://qctimes.com/business/investment/markets-and-stocks/imagination-can-t-survive-without-apple-so-now-wants-to/article_5fce3bb0-13ee-5e2e-acce-f05389889c6d.html","canonical":"http://news.lee.net/business/investment/markets-and-stocks/imagination-can-t-survive-without-apple-so-now-wants-to/article_431ca1b4-e7e5-5194-9edb-c343bab3e43d.html","relatedAssetCounts":{"article":0,"audio":0,"image":1,"link":0,"vmix":0,"youtube":0,"gallery":0},"byline":"newsfeedback@fool.com (Evan Niu, CFA)","prologue":"Seeing as how Apple (NASDAQ: AAPL) comprised fully half of Imagination Technologies' (NASDAQOTH: IGNMF) revenue last fiscal year, the Mac maker's decision to ditch the British company in April easily had the potential to be fatal. Though Apple gave Imagination 15 to 24 months of advance notice, which was the time frame that Apple expected it would take to transition to its own internally developed graphics architecture, it's pretty hard to replace half of your revenue. For Imagination's part, it didn't believe it was feasible that Apple could avoid infringing on its intellectual property (IP).","supportsComments":false,"commentCount":0,"keywords":["wire"],"internalKeywords":["#lee"],"customProperties":{},"presentation":null,"images":[{"id":"a3a9d8aa-40a4-5a20-9b63-40c96030738a","description":"","byline":"","hireswidth":null,"hiresheight":null,"hiresurl":null,"presentation":null,"versions":{"full":{"type":"image/png","width":"580","height":"285","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/a/3a/a3a9d8aa-40a4-5a20-9b63-40c96030738a/594c887bb451b.image.png?resize=580%2C285"},"100": {"type":"image/png","width":"100","height":"49","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/a/3a/a3a9d8aa-40a4-5a20-9b63-40c96030738a/594c887bb451b.image.png?resize=100%2C49"},"300": {"type":"image/png","width":"300","height":"147","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/a/3a/a3a9d8aa-40a4-5a20-9b63-40c96030738a/594c887bb451b.image.png?resize=300%2C147"},"1024":{"type":"image/png","width":"1024","height":"503","url":"https://bloximages.chicago2.vip.townnews.com/qctimes.com/content/tncms/assets/v3/editorial/a/3a/a3a9d8aa-40a4-5a20-9b63-40c96030738a/594c887bb451b.image.png"}}}],"revision":1,"commentID":"5fce3bb0-13ee-5e2e-acce-f05389889c6d","body":"

Seeing as how Apple (NASDAQ: AAPL) comprised fully half of Imagination Technologies' (NASDAQOTH: IGNMF) revenue last fiscal year, the Mac maker's decision to ditch the British company in April easily had the potential to be fatal. Though Apple gave Imagination 15 to 24 months of advance notice, which was the time frame that Apple expected it would take to transition to its own internally developed graphics architecture, it's pretty hard to replace half of your revenue. For Imagination's part, it didn't believe it was feasible that Apple could avoid infringing on its intellectual property (IP).

Imagination commenced\u00a0a dispute process with Apple in May (which remains ongoing) while also announcing that it was looking to sell off its MIPS and Ensigma operations in an effort to raise cash, focus on its core PowerVR technology (the one that Apple licenses for use in iPhones and iPads), and strengthen the balance sheet.

Image source: Apple.

The British graphics chip designer has now formally announced\u00a0that it is for sale, sending shares\u00a0up 16% on the London Stock Exchange.

On the auction block

Imagination says that it has received interest from an unspecified number of potential suitors that are interested in acquiring the company. As such, it is starting the formal sale process for the entire company. By announcing a formal process, suitors are not required to publicly identify themselves and can negotiate potential offers confidentially. The company is warning investors that it's quite possible no firm offers will emerge from the process.

However, there's considerable uncertainty regarding the value of Imagination's IP at this point, as well as who might currently be interested in it. Most rivals already develop their own graphics architectures that compete with PowerVR, such as Qualcomm's Adreno or ARM's Mali, so Apple was effectively carrying Imagination's PowerVR as its dominant customer. That's not to say that Imagination should have a hard time closing a sale, since it apparently already has interest. Investors just don't know how much they're going to get for the company.

Beyond losing Apple as a customer, the Mac maker had already been actively poaching\u00a0key executives and engineers from Imagination for months, so Imagination has been losing talent as well.

Apple holds a minority 9.5% stake in Imagination, and in early 2016, Apple and Imagination reportedly\u00a0had negotiations about a potential full-on acquisition; Apple decided not to make an offer. It's not clear why the talks fell through, but I bet Imagination wishes it would have sold back then instead of having to do so now.

10 stocks we like better than IMAGINATION TECH GRP PLC

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"} ]