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eSports
Kambi Group plc acquires esports data and odds provider Abios
Addition of market-leading esports company enables Kambi to capitalise on exciting global opportunities presented by growing vertical
Kambi Group plc has acquired global esports specialists Abios in a deal which transforms Kambi into a leading provider of esports products and services as it seeks to capitalise on the emerging opportunities within this rapidly growing vertical. The agreement consists of an initial consideration of SEK150m, paid in cash, with up to SEK120m to be paid in earnouts related to product development and the future revenue performance of Abios.
Founded in Stockholm in 2013, Abios is a B2B esports company which provides data, odds and visualisation services to industry operators including Kindred Group, LeoVegas Group and Pinnacle Sports, as well as major technology companies such as Microsoft. Its services are delivered by approximately 40 staff members based in Stockholm and Manila.
In 2020, Abios generated revenue of SEK18m and, following the acquisition, will continue to provide products and services to both Kambi and non-Kambi customers, in turn broadening the Group’s revenue streams and expanding Kambi’s reach into new business areas.
Spearheaded by CEO Oskar Fröberg and CTO Anton Janér, both of whom will remain in their leadership roles following the acquisition, Abios is a major player in the esports landscape, driven by its in-house data management and technology, as well as its deep knowledge and passion for esports.
The combination of these valuable capabilities will enable Kambi to offer a best-in-class esports product and expedite Abios’ growth, and is fully aligned with Kambi’s strategy to integrate specialised high-tech trading units into its modularised platform.
The esports wagering market is on a steep growth trajectory and is projected to double in size by 2025, representing an important future revenue stream for Kambi given the current and latent opportunity in Europe and the United States, respectively.
Kristian Nylén, Kambi Chief Executive Officer and Co-founder said: “The esports category has long been under careful consideration by Kambi and we now feel it’s the opportune moment to take the next step and build out our capability in what is a vertical of great global potential. In Abios, we gain the esports DNA we keenly sought, and which complements the heritage and experience we already possess in sports betting.
“Oskar and Anton have built a fantastic team that knows what it takes to succeed in esports and I’m excited to not only see the Abios business grow, but also what the integration of Abios to Kambi’s modular platform will bring to esports betting in the future.”
Oskar Fröberg, Abios Chief Executive Officer said: “Having built a strong relationship over many years, we believe Kambi to be the optimal partner for Abios. Not only do they trust in our people and capabilities, but we share the same values and long-term vision. The opportunity in esports is compelling as ever and we look forward to exchanging knowledge with Kambi and adding their experience and muscle power to our entrepreneurial nature.”
eSports
Virtus.pro present an announcement video for the start of Esports World Cup 2024
![virtus.pro-present-an-announcement-video-for-the-start-of-esports-world-cup-2024](https://igamingradio.com/wp-content/uploads/2024/07/132761-virtus-pro-present-an-announcement-video-for-the-start-of-esports-world-cup-2024.jpg)
Today, Virtus.pro kick things off at Esports World Cup 2024 — the largest event in esports history.
EWC marks the first championship of this scale. Our club is represented by eight rosters that have already secured their spots, with two more currently competing in qualifying matches for the chance to face the world’s best teams. Virtus.pro have made a significant leap towards multi-gaming, catering to every fan with their preferred title.
For the tournament’s start, Virtus.pro has prepared a video, crafted with respect for the fans and their passion for the club. It features numerous references to the two-decade history of Virtus.pro.
With the main character, a polar bear, viewers will journey from the team’s inception to triumphant victories at global competitions, establishing themselves as one of the leaders in the industry. The video is rich with references to key moments in the club’s history and emotional events that have touched fans’ hearts, including the famous arrow at TI9. From the first frame to the last, this video is a love letter to our fans!
Virtus.pro’s new challenges in Riyadh will begin tomorrow. Cheer for the Bears and become a part of the history we are writing together right now!
The following Virtus.pro line-ups will compete at Esports World Cup 2024 in Riyadh:
Dota 2
Tournament dates: July 4-21, prize pool: $5,000,000
CS2
Tournament dates: July 17-21, prize pool: $1,000,000
Overwatch 2
Tournament dates: July 24-28, prize pool: $1,000,000
Apex Legends
Tournament dates: July 31 – August 4, prize pool: $2,000,000
Street Fighter 6
Tournament dates: August 8-11, prize pool: $1,000,000
StarCraft II
Tournament dates: August 14-18, prize pool: $1,000,000
PUBG
Tournament dates: August 21-25, prize pool: $2,000,000
Rennsport
Tournament dates: August 22-25, prize pool: $500,000
Additionally, two of our teams will soon compete in qualifying matches for EWC: Rainbow Six Siege and Honor of Kings.
The post Virtus.pro present an announcement video for the start of Esports World Cup 2024 appeared first on European Gaming Industry News.
Asia
STAR SPORTS NETWORK ACQUIRES BROADCASTING RIGHTS FOR ESPORTS WORLD CUP 2024
![star-sports-network-acquires-broadcasting-rights-for-esports-world-cup-2024](https://igamingradio.com/wp-content/uploads/2024/07/132718-star-sports-network-acquires-broadcasting-rights-for-esports-world-cup-2024.png)
Inaugural Esports World Cup is a global celebration of competitive excellence and esports fandom, with a record-breaking prize pool of over $60 million (500 Cr.)
Star Sports Network and the Esports World Cup Foundation (“EWCF”) today announced the acquisition of broadcasting rights for the Esports World Cup (“EWC”) 2024. The tournament, held in Riyadh, Saudi Arabia from July 3rd to August 25th, will unite the global gaming communities and deliver premier competition in a unique format at an unprecedented scale. Over eight weeks, the EWC will feature the world’s top Esports clubs competing in 21 of the most popular game titles, making it the largest multi-game Esports tournament ever. As the official broadcaster, Star Sports is set to deliver comprehensive coverage of the tournament, offering viewers and fans an unparalleled Esports experience with in-depth commentary in English and Hindi. The Esports World Cup will be streamed on Star Sports’ YouTube channel and broadcast on linear TV via Star Sports First and Star Sports 2.
In 2022, BGMI Masters became the first Esports franchise to be broadcast in India by the Star Sports Network, drawing in millions of viewers over its linear television debut. Highlighting the immense popularity of the online multiplayer battle royale game, Star Sports has been instrumental in bringing esports to the mainstream Indian gaming audience.
Vikram Passi, Head Marketing – Sports, Disney Star, stated, “Esports is rapidly emerging as a significant force, fuelled by India’s burgeoning gaming culture and its recognition on the global stage. The BGMI Masters’ Series, in just a few seasons, has firmly established itself as a premier tournament in India, demonstrating the immense potential for world-class Esports competitions. With the upcoming Esports World Cup broadcast, we aim to expand our audience base, energize the gaming community, and foster greater acceptance of Esports among non-gamers. This event will not only captivate dedicated Esports enthusiasts but also engage a younger demographic across our platforms, driving a broader appreciation for the competitive gaming landscape.”
Ralf Reichert, CEO Esports World Cup Foundation, said “Our partnership with Star Sports brings the Esports World Cup to India’s massive and passionate gaming audience. Having witnessed this firsthand, I’m thrilled to nurture India’s growing esports scene and inspire future champions. With the world’s best competing in Riyadh, we hope to spark a new wave of esports fandom in India, and maybe even see an Indian team claim victory.”
The EWC will offer the largest prize pool in esports and feature the most popular esports titles across all major gaming genres. It will welcome a new cross-game competition format, awarding prizes for individual game titles and club performances. This will be a first ever Esports World Cup with a prize pool of more than $60 million (INR 500 crore)
The eight games to be broadcasted on Star Sports Network are Call of Duty: Warzone, Dota 2, Counter-Strike 2, Overwatch 2, Apex Legends, Fortnite, EA Sports FC 24, and PUBG Battlegrounds .
Specific highlights include:
- Opening Broadcast: Week 1 July 3rd at 10 PM on SS First and SS YT Channel with Call of Duty: Warzone in Hindi.
- Weekly Schedule: From Week 3, starting July 18, EWC will be broadcast at 9 PM on SS2 and SS First along with SS YT Channel
- Hindi Commentary: Call of Duty: Warzone (Week 1) and Counter-Strike 2 (Week 3) will be shown with Hindi commentary on SS First along with and SS YT Channel
The Esports World Cup broadcast on the Star Sports Network will further solidify esports as one of the fastest-growing sports in India, bringing the best of global esports action to India. The Esports World Cup Foundation is pleased to share Star Sports’ vision in bringing esports to a broader audience as they continue to pave the way for the future of competitive gaming in India
The post STAR SPORTS NETWORK ACQUIRES BROADCASTING RIGHTS FOR ESPORTS WORLD CUP 2024 appeared first on European Gaming Industry News.
eSports
Esports World Cup and Aramco Announce Strategic Partnership
![esports-world-cup-and-aramco-announce-strategic-partnership](https://igamingradio.com/wp-content/uploads/2024/07/132678-esports-world-cup-and-aramco-announce-strategic-partnership.png)
Global energy brand extends relationship with one of the world’s largest gaming festivals
The Esports World Cup Foundation (“EWCF”) and Aramco, one of the world’s leading integrated energy and chemicals companies, announced a strategic partnership that will see Aramco extend its sponsorship of the Esports World Cup, set to take place this summer in Riyadh, Saudi Arabia.
As the official title partner of the Aramco SIM Arena, Aramco will present a high-end simulator zone where racing enthusiasts can compete in community tournaments at the Esports World Cup Festival. The Aramco SIM Arena, offering hyper-realistic simulators that provide an experience akin to driving an F1 car, will be a premier destination for sim-racing fans. This partnership builds on Aramco’s previous successful sponsorships of Gamers Without Borders and Gamers8: The Land of Heroes festival.
Aramco’s involvement with the Esports World Cup is part of a broader ambition to promote economic development and diversification, provide new opportunities for young people in the country, deliver critical STEM skills, and help build a diverse and dynamic Saudi economy.
The partnership between Aramco and the Esports World Cup is set to create a lasting, positive impact on the world of esports. As the festival approaches, both parties look forward to showcasing Saudi talent on the global stage and inspiring today’s youth through the power of gaming and esports.
Starting July 3, 2024, the EWCF will transform Riyadh into the epicenter of esports fandom and gaming culture, with an eight-week festival. The event will feature gaming activations, community tournaments, pop culture celebrations, international experiences and more. Fans can watch their favorite athletes and clubs compete in 21-game championships for a share of more than $60 million in prize money, the largest in esports history.
The post Esports World Cup and Aramco Announce Strategic Partnership appeared first on European Gaming Industry News.
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