eSports Billion Dollar Bet and More

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With more than $1B invested in esports-related companies last month, the industry likely reached its annual high already, eSports Observer boldly predicted.


That site noted that Tenchent last month invested in two of China's key streaming platforms while Huya raised around $461.6M in its latest series B equity financing round.

Tenchent is valued around the same as live streaming social media outlet Twitch at around $1 billion when it was acquired by Amazon.

Then there is this from eSports Observer:

Infinite, which is backed and headed by Neil Leibman—a co-owner of the MLB franchise Texas Rangers—has acquired and partnered with a multitude of companies and esports organizations. These include broadcast and events management company NGAGE, esports agency Triggerfish, and teams OpTic, Allegiance, and Obey Alliance. The holding company plans to bring its entire portolio together later this year, with the opening of a 3,000 seat esports stadium in Arlington, Texas.

eSports is the next big thing in the world of Internet gambling with many of the top sportsbooks scrambling to get lines up on a daily basis.

- Aaron Goldstein,

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