Sports and esports betting company Pinnacle has announced the fifth edition of its Pinnacle Cup CS:GO tournament series.
The event will begin on August 3rd and will see teams compete for a share of its $50,000 (~£38,679) prize pool.
Pinnacle Cup V will feature a play-in stage where teams will attempt to qualify for the playoffs. According to a release, the Swiss Stage of the competition will feature teams such as Aurora and Team Spirit. Those that qualify for the playoffs will compete against four invited teams. Details on the invited teams were not disclosed.
The last Pinnacle Cup tournament to take place was Pinnacle Cup IV which saw 16 teams competing for $100,000 (~£77,434) in prize money. This is the first Pinnacle Cup since the bookmaker’s $250,000 (~£184,500) LAN finale, the Pinnacle Cup Championship, in June 2022.
The Pinnacle Cup series took a break before announcing a return to hosting tournaments in April 2023.
In addition to announcing Pinnacle Cup V, the company announced it will continue its existing partnerships with esports data company GRID and production company Eden Esports.
Pinnacle will stream its fifth Cup across its English and Russian Twitch channels in addition to its YouTube channel in order to cater ‘to a diverse audience in multiple languages.’
Harry Wigget, Head of Sponsorships at GRID Esports, spoke on remaining a Pinnacle Cup partner: “We are thrilled to once again partner with Pinnacle and leverage GRID’s Esports Solutions to deliver top-class entertainment to CS:GO fans, with official data at its core. Pinnacle’s commitment to contribute to the esports scene’s sustainability is unparalleled, and the fact that we are working together on the Pinnacle Cup project for the third consecutive year is the best testimony to our shared values and aligned vision.”
Alongisde CS:GO, Pinnacle also hosts Dota 2 tournaments. The second edition of Pinnacle Cup: Malta Vibes recently concluded with Nemiga Gaming taking the victory.
Stuart Bridges, Pinnacle’s Global Esports Partnership Manager, added: “Our commitment to the Pinnacle Cup series further demonstrates our ability and ambition to provide long-term and scalable value propositions across our products, as well as deliver compelling content by streaming the competition via multiple channels.
“We continue to remain dedicated to the esports community, providing players, teams, and organisations with the opportunity to compete against the world’s best teams.”