Gfinity closes down esports division
UK-based esports and gaming company Gfinity has announced the closure of its esports division due to…
Financial
Esports Gambling Report, May 2023: Team Vitality, Rivalry, CSGORoll
Esports betting news in May saw a wide variety of developments, particularly from a product…
Mailman compares international team popularity in China in 2023 report
Sports digital agency Mailman Group has released the latest edition of Esports Red Card: China…
Overwatch League waives outstanding OverActive Media franchise fees in major deal
Canadian esports and gaming holding company OverActive Media announced it has reached an agreement with…
Esports investment report, May 2023: Celestial, NODWIN, LDLC
Welcome to a roundup of the most important esports investment stories in May 2023. May…
M80 raises $3m in seed round
North American esports organisation M80 has raised $3m (~£2.43m) in a seed investment round. The…
DMCC predicts massive revenue growth for MENA gaming by 2027
In its latest ‘FUTURE OF TRADE’ report, the Dubai Multi Commodities Centre (DMCC) has predicted…
Disguised Toast esports venture projects $1m loss for 2023
Popular content creator Jeremy ‘Disguised Toast’ Wang has unorthodoxly revealed the 2023 budget for his…
Finnish esports organisation ENCE reveals profitability in 2022
Finnish esports organisation ENCE has revealed that it generated a net profit of €917,000 (~£792,000) in 2022. ENCE told Esports Insider that the organisation has also remained cash flow positive…
Bollywood actor Tiger Shroff invests in Revenant Esports
Indian esports organisation Revenant Esports has announced that Indian actor Jai Hemant Shroff (Tiger Shroff) has invested in the company. The invested amount was not disclosed, but the organisation noted…
OverActive Media records increased net loss in Q1 2023
OverActive Media, the parent company of Toronto Ultra, Toronto Defiant and MAD Lions, has announced a net loss of CAD$5.7m (~£3.4m) for Q1 2023, an increase from the same period…
Ampverse and DMI Finance aim to bolster Indian esports with joint venture
Asian esports and gaming company Ampverse has formed a joint venture with non-banking financial company DMI Finance to grow esports in India. The partnership will see both entities co-develop esports…
Rivalry announces record revenues and decreased net loss for Q1 2023
Esports and sports bookmaker Rivalry has announced record revenues and an all-time high gross profit during its Q1 2023 financial results. For the quarter, which ended March 31st 2023, Rivalry…
Microsoft’s acquisition of Activision Blizzard approved in China
Microsoft’s acquisition of game developer Activision Blizzard has been given a green light in China, according to several media reports. The deal has received “unconditional clearance” in China, after a…
