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Alibaba to sponsor World Electronic Sports Games

Saturday April 9,2016 : ASIAN INTERNET GIANT TO SPONSOR MULTI-MILLION DOLLAR E-SPORTS TOURNAMENT
 
Alibaba involvement offers massive audience exposure for booming vertical in a $5.5 million prize money tourney.
 
The Asian e-commerce giant Alibaba has announced that it is to sponsor the World Electronic Sports Games (WESG) -  a new Shanghai-based multi-game eSports tournament - through subsidiary AliSports.
 
YuuZoo Corporation Limited, a third generation social e-commerce company, will organise and run the AliSports World Electronic Sport Games through its Chinese JV YuuGames, and manage the eSports Clubs Competition Center for Alibaba throughout China, the announcement reveals.
 
WESG will commence in April 2016 operating through 20 appointed e-Sports clubs competition centres. Contest participants will compete for the RMB 35.6 million (US$5.5 million) prize money.
 
AliSports is a newly-formed sports division of Alibaba, targeting China’s highly lucrative sports industry, which is expected to grow to US$813.87 billion by 2025.
 
AliSports will be engaged in different sectors of the sports industry, including eSports, and the group plans to invest RMB 100 million (US$ 15.4 million) for WESG alone.
 
AliSports will pay YuuGames a multi-million US dollar fee to organise and run WESG and manage AliSports’ E-Sports Clubs Competition Center.
 
Through the deal, YuuZoo will gain a significant number of new users, who will be added to its database. YuuZoo will also benefit from the generation of additional revenue from promotional fees, advertising revenue, and e-commerce sales.
 
AliSports and YuuGames are planning to launch 1,200 eSports events this year in 15 cities across China, which the two companies claim is home to over 100 million eSports fans, and over 440 million gamers.
 
Thomas Zilliacus, chairman of both YuuZoo and YuuGames says his companies have organised some of China’s largest eSport events in partnership with key Chinese government entities.
 
"We are confident that we can make Alibaba’s World Electronic Sport Games a hugely successful and leading event in China’s massive gaming market. As a new partner to China’s largest e-commerce group, we are not only looking to reinforce our position as a leader in China’s eSports sector, but also to discuss opportunities with Alibaba Group to jointly grow YuuZoo’s other China-based businesses, including our gaming business, payment business and social e-commerce business,” he said in a statement.
 
Zhang Dazhong, CEO of AliSports said, “Sports is a multibillion dollar business in China, with massive growth potential. That is why Alibaba is investing heavily in this vertical. Linking sport and technology enhances the quality of life. That is what we want to do through AliSports."

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Gambling News :

HeyPoker Closing - The operator is licensed by the UK Gambling Commission and the Malta Gaming Authority, with the registering company listed as Evoke Gaming Ltd.

Can Jack Lam Make Things Right in Philippines - Lam will no doubt seriously consider the offer, having lost access to his Philippines businesses and with charges of attempted bribery and "economic sabotage" and an arrest warrant hanging over his head .

PPA Wants pre-emptive strike against RAWA - It's not just civic associations that are warning against the introduction of a federal ban on online gambling in a denial of states' rights . The Poker Players Alliance action group has begun mustering its over a million US members in a campaign as well.

UK Wants Fixed Odds Betting Terminals Changes - The group, titled FOBT All-Party Parliamentary Group plans to release its full report early in the new year, but for now has claimed that changes to FOBT regulations could help in reducing "associated crime" and problem gambling.

Sportech Wins 8 Year Old VAT case - An eight-year long, GBP 97 million VAT repayment claim dispute between Sportech PLC and HM Revenue and Customs (HMRC) has come to an end with the Supreme Court refusing HMRC permission to appeal a previous Court of Appeal ruling.

2017 MPN Poker Tour - Main Event packages, worth 1,500, are available online and players can qualify via any of the MPN participating card rooms through a variety of satellites, with buy-ins starting as low as 0.25. Each 1,500 package includes:

Realistic Games in deal with Kindred Group - The UK-based online gambling games developer Realistic Games has signed a deal to supply its games to online operator Kindred Group, parent company of quality brands that include Unibet, Stan James and Maria Casino.

Opposition to Anti Online Gambling Bill in Congress Lame Duck Session - Action groups appeal to House Appropriations Subcommittee to ensure that RAWA style language is not attached to unrelated spending bill.

DFS banning bill Introduced in Illinois - The legislative season in Illinois may be drawing to a close, but that hasn't stopped a new bid to ban daily fantasy sports from being assigned to the House Executive Committee; whether there is sufficient time to pass the bill is a matter for speculation.

Cambodia To More Closely Control Online Gambling - Cambodia, where online #gambling is operated by licensed land casinos alone, and Cambodian punters are banned from participating, is to tighten monitoring, control and management of the activity by setting up a centralized server, a Ministry of the Economy official revealed this week in a media interview.

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