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Esperanza Tocco

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HONG KONG — Gambling may very well be illegal in mainland China, but that's not halting Chinese tech buyers from betting on casino-model cellular online games. In The newest instance in the developing trend of big deals for smartphone-based mostly video games, a consortium of Chinese investors led by the game enterprise Shanghai Large Network Technologies said in a press release on Saturday that it will pay out $four.4 billion to Caesars Interactive Amusement for Playtika, its social and cellular online games unit. Caesars Interactive is managed through the homeowners of Caesars Palace together with other casinos in Las Vegas and in other places.

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