Faisal bin Bandar bin Sultan’s Post

It's wild to see the growth of the new Esports World Cup in Saudi Arabia. Considering the wild ambition and scale of everything that happens in Saudi Arabia, it's not surprising to see that the upcoming Esports World Cup in Riyadh will have the largest prize pool ever. The total amount of available prize money is $60 Million, which is attainable by teams competing across games like Counter-Strike 2, League of Legends, and EA Sports FC. This comes amidst the backdrop of commercial struggles in esports, whether it's teams losing money, declining viewership or hesitant investors. This summer's Esports World Cup will need to succeed in order to encourage more progress and confidence in the gaming industry. https://lnkd.in/eGRw9ymi #gaming #esports #saudiarabia #sports #esportsworldcup

🌟🎮 Global Spotlight on Saudi Arabia! As an emerging powerhouse in esports, Saudi Arabia is now hosting the prestigious Esports World Cup! 🏆🌍 🔥 This event not only showcases the kingdom's commitment to becoming a key player in the esports arena but also highlights the rapidly growing global interest in competitive gaming. 👀 Explore our latest article at Esports Legal News for an in-depth look at how Saudi Arabia is shaping the future of esports and what this means for the industry worldwide. Read the article by Gilberto Ceballos here: https://lnkd.in/eimg9sy5 📈 Key takeaways: - Saudi Arabia's strategic investments and initiatives in esports 🤝💸 - The impact of hosting the Esports World Cup on the region and beyond 🌏🎉 - Future prospects for esports development in the Middle East 🚀🔮 🗨️ Join the conversation and share your views on this exciting development in the world of esports. #Esports #SaudiArabia #EsportsWorldCup #GlobalGaming #EsportsDevelopment #MiddleEastEsports #EsportsLegalNews

Exciting news from the Esports sphere - PUBG Mobile Esports has been announced as a key title in the inaugural Esports World Cup! This development reinforces the significance of mobile gaming platforms in the global Esports market. Teams will compete for a piece of a $3M USD prize and the prestige of being crowned the first-ever Club World Champion this coming summer in Riyadh, Saudi Arabia. This eight-week long event, supported by the Saudi government, represents one of the largest-ever celebrations of gaming, bringing together a diverse range of platforms and genres. Additional major game titles participating in the 2024 Esports World Cup include Honor of Kings, StarCraft II, Counter-Strike 2, Free Fire, and Dota 2, showcasing the event's wide appeal. In related news, ESL FACEIT Group, run by the Saudi Arabian government's Public Investment Fund and a significant player in the Esports industry, has announced a cut of approximately 15% of its global workforce. This development highlights the industry's inherent volatility and the constant need for adaptability. At Winzard, we understand the rapid pace and dynamic nature of the Esports industry. As experienced providers of Project Management, Marketing, and Production services in the Gaming and Esports markets, we continue to monitor these latest trends and developments, providing expert insights for both industry veterans and newcomers. Stay tuned for more updates and insights. #PUBGMobile #EsportsWorldCup #EsportsNews #Gaming Credit: The Esports Advocate

🏆 Over the past decade, the esports landscape has undergone a remarkable transformation. In 2011, Valve corporation's $1.6 million prize pool for The International seemed groundbreaking. Today, million-dollar prize pools have become the norm for major tournaments. Last year alone, 51 events boasted prize pools of over $1 million, an increase of 41% over the previous five years. The trend keeps climbing. In 2021, Valve set a new record with a jaw-dropping $40 million #TheInternational prize pool for a single event. Saudi Esports Federation upped the ante with a $45 million #Gamers8 esports festival featuring 16 premier tournaments across 13 titles. With the #EsportsWorldCup on the horizon, this year will likely witness yet another record. To date, the #EWC has announced major tournaments across 10 titles with multi-million dollar prize pools. While hefty prize pools undeniably generate buzz, attract viewers, and motivate players, they can't be the sole pillar of success. There's no one-size-fits-all formula in esports. Often, the most popular events with the highest viewership figures aren't necessarily those with the largest prize pools. 💰 Does the astronomical investment in prize money truly justify the cost and keep sustainable growth? Only time will provide the answer.

Everyone: "E-Sports is dead", is just a "speculative bubble" IEM Sidney 2023: oh, we just got 460,000 peak viewership. More: "At The New Global Sport Conference in Riyadh, Saudi Arabia, the Saudi Esports Federation and Saudi Ministry of Sport announced major plans for esports initiatives and events aimed at bringing a global audience and international competitions into the region. The leader of Saudi Arabia, HRH Crown Prince Mohammed bin Salman Al Saud (commonly referred to as HRH Crown Prince MBS, or just MBS) took the stage at the event Monday to announce the Esports World Cup to be hosted in Riyadh, Saudi Arabia, at a date to be determined sometime in 2024. This will be a multi-title competition held annually, but precise details on which publishers and game makers will be involved, and what game titles will be played have not yet been announced. The event will replace its other big event, Gamers8, and appears to be a club-based competition. Gamers8 featured an overall prize pool of over $45M USD this year". That's a clear message of what the future will bring us. Let's see what's next.. Source: https://lnkd.in/eC72pEg5

Exciting developments in the world of esports in Saudi Arabia!... it certainly looks as though Saudi Arabia is emerging as a global superpower in esports entertainment as it adds the hosting of the Olympics Esports Games in 2025 to the ongoing Esports World Cup. It is expected that the sector will generate SR50bn ($13.3bn) in economic contributions by 2030 and provide more than 39,000 jobs in the Kingdom. #esports #olympicsesportsgames #saudiarabia #esportsworldcup

The inaugural Esports World Cup in Riyadh arrives with record prize money and a promise to transform the Saudi capital into a gaming epicentre. The question is why is the Gulf state investing so heavily in competitive gaming and how will it shape the future of the industry?   #Esports #SportsBiz #EsportsWorldCup

In the heart of the Middle East, a new titan is rising in the esports industry, The Kingdom of Saudi Arabia. According to Turki Alfawzan, the current CEO of the Saudi Esports Federation, gaming consumption in Saudi Arabia is estimated to leap to $6.8 billion by 2030, almost 4% of its current market size. Saudi Arabia is not just playing the game—but is a formidable architect of its future. Read more in our latest article on Saudi Arabia's Bold Quest in Esports Dominance 👇 https://lnkd.in/eCEvKJVS #saudiarabia #esports #expertnetwork #saudiesports

The first Esports World Cup Foundation World Cup in Riyadh has kicked off spectacularly, attracting over 1,500 players worldwide competing for a prize pool of more than $60 million. Shout out to Esports Bureau for their in depth analysis in their article. As someone deeply passionate about esports, witnessing this unprecedented event unfold over eight weeks is truly exciting. This highlights Saudi Arabia’s growing influence in the gaming world, with its $1 billion gaming market and a young, enthusiastic population. In just the first five days, the EWC generated 27 million hours of viewership, peaking at 1.3 million simultaneous viewers. Popular streamers like Baiano from Brazil and loltyler1 from the US played crucial roles, contributing significantly to this success. League of Legends led the charge with 11 million hours watched. Saudi Arabia’s Team Falcons claimed victory in Call of Duty: Warzone. The EWC’s innovative format and stunning spectacle have made it the most-watched esports tournament of the year. How do you see the future of esports evolving with such grand events? Source: https://bit.ly/4d3FoQo

++ stc play Partners with Geekay #Esports to Revolutionize Middle East Esports ++ stc play, a leading gaming platform in the Middle East, has announced a significant sponsorship agreement with Geekay Esports, a prominent esports organization based in the Kingdom of Saudi Arabia (KSA). This strategic collaboration is poised to revolutionize the esports landscape in the region and provide gamers with unprecedented opportunities to enhance their pursuits. "Thanks to the support of stc play, we could further enhance our initiatives in fostering the development of local talent, curating high-calibre events, and expanding the reach of esports to an even wider demographic. We aim to establish a dynamic ecosystem that adopts progress, inclusivity, and a sincere sense of solidarity." - Kishan Deepak Palija, CEO, Geekay Esports #techafricanews #middleeast #esports #digital #technology #digitalrevolution #opportunities