Esports betting and entertainment company Esports Entertainment Group (EEG) has announced that it will revise its current portfolio of assets following liquidity concerns. During EEG’s Q3 2022 fiscal year financial report, which ended 31st March 2022, the company announced a $38.6m (~£30.87m) impairment charge related to its esports assets Helix, ggCircuit and EGL. Image credit: […]
Game developer and esports company Riot Games has announced the broadening of its partnership with Statespace, the developer of aim training tool Aim Lab. As a part of the expansion, Riot Games will become a minority shareholder in Statespace. Aim Lab will also become the official training platform for Riot’s FPS title VALORANT. Image credit: […]
The Saudi Arabian government’s Public Investment Fund (PIF) has reportedly acquired a five percent stake in game developer and publisher Nintendo. The $500bn (~£403bn) fund said it purchased the stake for ‘investment purposes’, according to a filing to Japan’s Finance Ministry reported by Bloomberg. Nintendo’s headquarters in Kyoto, Japan. The PIF is Saudi Arabia’s sovereign […]
Wanyoo UK, an esports studio and gaming café chain, has undergone a complete rebranding to align further with the company’s mission to provide high-quality services to the gaming and esports community. From now on Wanyoo UK will be known as SideQuest. Image credit: SideQuest The overall rebranding looks to establish Sidequest as a universal brand. […]
North American esports tournament and production service company Unified has renewed its agreement with Riot Games for the LCS Proving Grounds. As a result of the partnership, the company will once again host circuit qualifiers for Proving Grounds, a North American academy and amateur League of Legends tournament. Image credit: Unified RELATED: LCS teams up […]
European esports organisation Fnatic has secured a partnership with UK-based custom computer manufacturer Chillblast. The manufacturer will provide support to Fnatic’s League of Legends, Halo, FIFA, Dota 2, VALORANT, and CS:GO rosters, in addition to providing its content creation roster with PCs. Image credit: Fnatic, Chillblast RELATED: Fnatic’s plan to go big in Japan In addition, the […]
The Italian government is looking to officially regulate and recognise esports, according to Italy’s Undersecretary of Finance Federico Freni. The decision comes shortly after the Italian esports community was shaken on April 29th, when the local Customs and Monopolies Agency (Agenzia delle Dogane e dei Monopoli) seized all equipment from multiple gaming and esports venues […]
(ESI Illustration) Image credit: Fnatic / Su San Lee via Unsplash Gaming is an integral part of Japanese culture, with some of the biggest studios and well-loved franchises originating from the country. From Super Mario to Street Fighter, Japan is home to generation-defining games. When it comes to esports, the fighting game community (FGC) in […]
Gaming and esports venture capital fund BITKRAFT Ventures has appointed Dennis Fong, Co-Founder of GGWP, and Ryan Wyatt, CEO of Polygon Studios, as Venture Partners. In their new positions, Fong and Wyatt will support BITKRAFT with deal flow as well as portfolio company advice and mentorship. (ESI Illustration) Ryan Wyatt (Left) and Dennis Fong (Right). […]
Esports-focused social media network Juked.gg has welcomed T.L. ‘ybika’ Taylor, the Co-founder of AnyKey, to its advisory board. In her new role, Taylor will work closely with the Juked team on issues surrounding community building, diversity, equity and inclusion on the platform. Image credit: Juked.gg RELATED: Juked.gg secures strategic partnership with Gaingels and The Mini […]