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Issues With Activision Take Over of Major League Gaming
Sunday January 3,2016 : ACTIVISION'S TAKEOVER OF E-SPORTS LEAGUE CAUSING WAVES (Update)
Major League Gaming's CEO departs as stakeholders question $46 million deal.
The $46 million acquisition of eSports company Major League Gaming last year by Call of Duty and Hearthstone developer Activision Blizzard is in the headlines again as stakeholders bridle at the lack of consultation.
The publication eSports Observer reports that MLG co-founder and CEO Sundance DiGiovanni has stepped down and departed, leaving CFO Greg Chisholm to helm the company.
The publication notes that the Activision Blizzard acquisition essentially dissolves the professional gaming organisation, and that some investors are angry that the agreement was inked without a stakeholders meeting.
The Observer records that DiGiovanni and Mike Sepso founded MLG in 2002, and throughout the years it has regularly hosted professional gaming tournaments, broken into the streaming business, and helped bring eSports to television and the mainstream.
In 2014, MLG opened the United States' first professional gaming arena in Ohio, and had plans to open another arena in China by 2017.
However, in October last year it lost the hosting rights to the Call of Duty World League's Pro Division to the ESL, an event which coincided with co-founder Mike Sepso joining Activision as senior vice president of its new eSports division, overseeing professional eSport franchises that include StarCraft, World of Warcraft, Call of Duty, Heroes of the Storm and Hearthstone.
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Ninja Power Slot Launched By Slotland -
I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.
WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? -
The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.
Stephen Conroy appointed head of new responsible gambling grou -
Conroy retired from politics in September after a 20 year career, and has now been appointed head of Responsible Wagering Australia, a new responsible gambling industry body backed by online gambling operators CrownBet, Sportsbet, Betfair, Unibet and Bet365.
SquwaKa To Enter sports betting sector -
Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.
RaceBets Acquired by Betsson -
Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.
Playtech buys back 780,000 shares -
Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.
Cash In Roulette -
The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.
EveryMatrix in game deal with Endorphina -
#EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.
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