Kim Dotcom, the founder and mastermind of the beleaguered file-sharing site Megaupload that was recently shut down by authorities, doesn't just face prison time and substantial fines for his alleged crimes, he has also lost his status as the world’s highest ranked player in Call of Duty: Modern Warfare 3. With millions in the bank and a huge mansion from his illegal file sharing empire, Dotcom apparently had a lot of time on his hands and was playing a lot of Call of Duty: Modern Warfare 3 under the gamertag MEGARACER. Dotcom had earned the top spot in the first-person shooter video game late last year, according to MSNBC. With around 15 million players worldwide and over $1 billion in sales, Modern Warfare 3 is one of the best selling video games of all time.

Despite a recent string of down months in U.S. video game sales at retail this year, a new report from research firm Gartner paints a very rosy picture for the global video game industry. When adding in revenues from burgeoning online, mobile and digital gaming sectors, Gartner estimates that worldwide spending on the gaming ecosystem will exceed $74 billion in 2011, up 10.4 percent from the $67 billion spent last year. By 2015, spending is expected to reach $112 billion.

The Entertainment Software Association (ESA) welcomed the U.S. Supreme Court’s landmark ruling that underscored constitutional protections for video games, developers, and video game industry artists. At issue was a 2005 California statute restricting the sale and rental of computer and video games. The ESA, the lead party in the case Brown v. Entertainment Merchants Association/Entertainment Software Association, argued that the statute presented unconstitutional limitations on expression, and the U.S. Supreme Court agreed, holding the California law unconstitutional under the First Amendment.