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eSports team to emerge as an eSports empire – do not despise small beginnings

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Being backed up and fostered by some of the giant names among sports and money managers for entertainment family dynasties and Hollywood power brokers, the esports team which started small will promptly emerge as an esports empire.

The Vision Esports LP, esports conglomerate launched by Stratton Sclavos, Rick Fox, and Amit Raizada has just closed on a $38 million investment from a host of investors led by the Creative Artists Agency and TPG Growth joint venture Evolution Media.

Rick Hess, the Founder and Co-Managing partner of Evolution Media, in a statement said: “Evolution Media has spent several years advising and analysing companies in the esports sector, and we’re particularly excited to partner with a world-class management team led by Stratton, whom we’ve known since his days running Strikeforce and the San Jose Sharks. Esports is one of the highest growth sectors within all media and entertainment. We could not be more bullish on the space and Vision’s market position.”

NBA superstar Kevin Durant and Rich Kleiman’s Durant Company also joined to back up Vision Esports along with Shamrock Holdings — the personal investment vehicle for the Walt Disney family; the St. Louis Cardinals baseball team; and New York Giants star wide receiver Odell Beckham Jr.

The company’s roots stem from a now-apocryphal trip that Fox, an NBA all-star, and actor, took with his son to see an esports game at Madison Square Garden. Fox came away from the game with a respect for competitive gaming and a thirst to get on the ground floor of something he thought could be the next big thing.

With the help of Raizada, the two formed EchoFox and began recruiting a roster of players across a slate of different game titles.

Sclavos, the Former Chief Executive of tech company Verisign and the San Jose Sharks, wanted to come down to Los Angeles to start an investment fund. At a dinner with Fox and Raizada, he was recruited into the esports world and launched Vision Esports.

“You can’t deny the numbers,” Sclavos says. “It’s like the internet was way back in 95 and 96.”

And as the three men looked at what was going on within the burgeoning business of esports they saw opportunities to not to just own a team, but also own a league and create their own narrative franchise around the games, the teams, and their league. That is where the new capital comes in.

Through the new investment, money Vision Esports will take a majority position in the EchoFox franchise that was Fox’s brainchild and launched the group’s journey to the centre of the esports earth. The conglomerate is also going to include Twin Galaxies, which began in 1981 as the ultimate source for video game world records, stats, and player analytics and is now creating in esports leagues in conjunction with game publishers. Finally, the group used some cash to take a majority position in Vision Entertainment, which produces esports related stories and live streams for esports events.

Now all of the various esports properties will sit under one roof and the team at Vision Esports can work on rolling out their first league, a battle royale-based competition the Twin Galaxies’ H1Z1 Pro League which will begin its inaugural season in April 2018.

“This is just like pro sports,” says Scalvos. “Why wouldn’t you want to invest broadly across the spectrum so you have participation in the team side, participation in the league and the content? And we said, let’s be in all three parts of the ecosystem.”

The economics speaks for itself. According to Scalvos, leagues are wildly more profitable than teams. “Teams are great but leagues make 27 times the revenue,” he said.

The approach that Vision Esports is taking to building their league (around the wildly popular battle royale format) alongside game publisher Daybreak Games is a new model.

Activision/Blizzard and Riot chose not to partner with anyone for their competitive gaming leagues. Meanwhile, competitive gaming has existed outside of the control of game publishers for several years with Valve selling licenses to run tournaments worldwide, according to Scalvos.

While much of the capital went to investments, Vision Esports also built out its team. Adding Chris Nordling, a former Executive at MGM Resorts; Mike Mossholder who worked for the UFC; and Jace Hall who was with Warner Brothers Interactive.

“It took a while to get here but this esports thing is here,” said Scalvos.

Source: techcrunch.com


Source: European Gaming Media and Events

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DraftKings joins hands with Scarlet Pearl Casino Resort

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US-based DraftKings has signed an agreement with Scarlet Pearl Casino Resort in D’Iberville, Mississippi to officially open DraftKings at Scarlet Pearl Sportsbook. The new facility will start functioning on 16 November 2018. The sportsbook will transform Scarlet Pearl’s existing PRL Bar into a multi-screen betting and social destination for sports lovers.

“We’re thrilled to be working with Scarlet Pearl Casino Resort, whose leadership has a high bar for quality and a forward-thinking approach to sports betting; a perfect fit for DraftKings,” said Matt Kalish, Chief Revenue Officer and co-founder of DraftKings. “We’re excited to bring and offer an innovative sports betting experience to sports fans in one of the largest and most competitive gaming markets in the U.S.”

DraftKings at Scarlet Pearl Sportsbook will offer a superior customer experience that includes the opportunity to wager on dozens of sports. In addition, the sportsbook will soon offer live, in-game betting with three windows, giving sports fans a variety of ways to place their bets. Pending regulatory approval, the sportsbook will incorporate on-site kiosks and an on-premise mobile app.

 “We are excited to introduce DraftKings, a ‘New Way’ to game for our current and future guests,” Scarlet Pearl Casino Resort CEO LuAnn Pappas said. “Our collaboration with DraftKings is an opportunity for us to continue to set high standards on the Mississippi Gulf Coast and give our players a new home for sports betting.”

Directing the Scarlet Pearl Sportsbook team will be Nicholas “Nico” Sfanos, who previously ran sportsbooks for Station Casinos throughout Nevada.

 

Source: 5StarMedia


Source: European Gaming Media

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Aragon and Catalonia officials visit Zitro Games

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The high officials of Aragon and Catalonia have visited the facilities of Zitro Technological Campus in Barcelona. The visiting team was headed by the Interior Justice Director of the Government of Aragón, Ms. María Ángeles Júlvez León, and the Tax and Gambling Director of the Generalitat of Catalonia, Ms. Natalia Caba Alba. They were accompanied respectively by the Head of Authorisation and Sanctions Service Ms. Elena Pérez Aparicio and by the Gambling Deputy Director Mr. Amadeu Farré i Morel. The team examined the manufacturing process behind each product in detail.

Forming an exceptional entourage, and accompanied by Johnny Viveiros Ortiz, founder of Zitro, Manuela Jiménez, Vice President, Sebastián Salat, CEO, Marta Cuesta, Product Director, and Cristina García, Director of Institutional Relations, the authorities have visited the different departments which are located in the Zitro Technological Campus, where software development, video bingo and video slot game design and Zitro Interactive applications are carried out.

The campus, which is fully devoted to Research + Development + Innovation activities, also has state-of-the-art video and sound recording studios, as well as a plant that’s dedicated to the manufacture and quality control of Zitro and Bryke gaming machines.

Johnny Viveiros Ortiz said that “we are very grateful to the authorities for their interest in learning about our Technology Campus and we are very proud to show them our Factory of Ideas in detail, where Zitro’s great team turns them into unique experiences for players around the world, using the most advanced technology on the market.”


Source: European Gaming Media

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From Alpha to Omega, BetConstruct chooses SiGMA

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From Alpha to Omega, BetConstruct chooses SiGMAReading Time: 2 minutes

 

Staying on a track of the latest regulatory and technological developments, on November 28 to 30 BetConstruct representatives travel to the capital of Malta, to participate in professional networking event SiGMA 2018.

“Malta iGaming Summit started 5 years ago, just when we established our office on the island. Since then the event has grown tremendously, just like BetConstruct, and became one of the most significant exhibitions in our busy calendar of events. Given all that plus a number of our products licensed by Malta Gaming Authority, we simply could not miss the expo.” – said Kristina Hambardzumyan, Regional Director in Malta.

To the world’s igaming village BetConstruct takes its fully-fledged white label offerings for the regulated European market. The line-up of gaming products has RNG and Live Casinos, Skill Games and Poker that has been recently added to our set of licensed products by MGA. As for betting solutions we have Sportsbook, Fantasy Sports and Virtual Sports. FeedConstruct will showcase the company’s data feed products with 4 in 1 solutions and Friendship Platform, a live video stock for federations and sporting video providers.

Alongside our standard package, the gaming products of well-known Malta-licensed casino providers are also available through our platform due to the recently granted approval from the Malta Gaming Authority.

BOOK A MEETING

BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales and service centers around the globe.
BetConstruct’s innovative and proven offerings include an extensive range of products and services, including Sportsbook, Sports Data Solutions, Retail Solutions, RNG & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more. The latest addition is the industry-first complete management infrastructure, SpringBME (Business Management Environment).
All partners benefit from the BetConstruct Spring platform with its powerful back office tools and all-inclusive services that empower operators’ growth and help contain their costs. From stand-alone set up to turn-key and white label solutions, BetConstruct offers its partners unfettered opportunity to succeed.


Source: European Gaming Media

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