K2 Network announced that the company has closed a $16 million Series B round of venture capital led by Intel Capital. The funds will be used to further develop and internationally market and grow its portfolio of Free2Play multi-player online games.

505 Games announced the official expansion pack for its realistic tactical combat simulation title ArmA: Armed Assault. ArmA: Queen’s Gambit adds two new story based campaigns, and two new multiplayer missions.

Playing as a warrior riding a voracious dragon trained for deadly aerial and ground combat, and capable of scorching, clawing and smashing thousands of enemies, gamers must defeat countless armies to save a civilization. Together, the gamer and the beast will attempt to change the destiny of a world on the brink of extinction.

Today Nintendo added yet another 3 classic games to the Wii's Shop Channel. Wii owners with a high-speed Internet access can redeem Wii Points to download the following titles: NES Open Tournament Golf, World Sports Competition, Bloody Wolf.

Zu Online, which refers to lots of classical sutras, has its setting based on the supernature novel, The Life of Swordsman in a area called Zu. It is a 3D MMORPG with a rich culture of immortals and knight-errants, with an emphasis on the traditional Chinese culture of monkery.

Revealed last month, EA Playground is now in development, capturing the exuberance and nostalgia of your neighborhood playground, turning your gaming space into an arena of interactive fun with immersive activities designed for kids, and the kid inside all of us.

Another day, another batch of games shipped to stores. Instead of giving them all their own posts, we grouped them, and so far there are announcements for:

• Fantastic Four: Rise of the Silver Surfer (NDS/PS2/PS3/X360/Wii)
• Hot Brain (PSP)
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  We will update this throughout the day when new announcements become available. Read more for details ...

Konami announced the latest installment in its popular soccer franchise, Pro Evolution Soccer 2008, making its debut on the PS3. PES 2008 features a proprietary adaptive AI system entitled Teamvision, a sophisticated AI programming that learns and adapts according to an individual’s style of play.

Talismoon's Tiltboard is an intelligent piece of kit and comes pre-loaded with TiltTune technology, giving gamers the option to adjust the tilt sensitivity, adjust the 0 degree in order to hold the controller at the most comfortable angle, invert the Y axis and turn the tilt function on and off.

WipEout Pulse is Sony's latest installment in its anti-gravity combat racing series, featuring 24 new tracks, 8 teams, 7 adrenaline-fuelled game modes, wireless multiplayer, downloadable packs including new tracks, ships and tunes...