Nowadays, most companies are satisfied with even a minor gain in profit, signifying that the company has managed to do well in the midst of the economic crisis. However, Activision Blizzard Inc., the largest videogame publisher, has posted a sevenfold increase in profit in its second quarter thanks to a merger with a Vivendi SA division.
 
This means that Activision’s profits have jumped from $28 million a year earlier to $195 million this quarter, beating analyst expectations. This comes after Activision’s sales tripled to $1.04 billion due to the runaway success of World of Warcraft, Blizzard’s massively popular online game which …read more

It had to happen. Get you very own virtual credit card for use in Second Life. The new MetaCard only works on Linden Dollars but the application is an easy one….no credit checks!

Welcome to the WSE, a virtual World Stock Exchange for trading, investing, IPOs and much more.

EVE Online Appoints In-World Economist

Coming in late July or August the Joint Economic Committee (Congress) will be issuing their report on the possible taxing of virtual world economics. Rumor is that committee members privately say they are not looking to tax the gamers. Let’s hope so!

Here is a great new web business is named Sparter where anyone can buy or sell their virtual game currency at free market prices.

Entropia Universe just issued 5 virtual bank licenses which combine financial services from the virtual game world and real world banking type business. So, when does ‘virtual’ banking fall under the category of a Money Service Business…..its very hard to tell after learning of this mashup between virtual game currency and cash.

Virtual Digital Currency is some crazy new stuff. There is a bit of a legal battle brewing now over the Linden Dollar and Second Life’s virtual casinos.

Rapid growth and strong financial backing as the Peer-to-Peer market for RMT trading debuts

eBay puts the brakes on virtual products auctions, but Second Life products are exempt and shall remain OK.