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Alibaba Invests $150 Million in International eSports Federation
Thursday, July 28, 2016 : MAJOR BOOST FOR INTERNATIONAL E-SPORTS
Top Chinese e-commerce group invests $150 million in the International eSports Federation.
The massive Chinese e-commerce group Alibaba, working through its subsidiary Alisports, has announced a $150 million (a billion yuan) investment in Jack Mas International e-Sports Federation.
The move follows an announcement by Alisports in March this year that it had invested $5.5 million in the "World Electronic Sports Games" a eSports tournament hosting disciplines such as Dota 2, CS:GO, StarCraft 2 and Hearthstone (see previous InfoPowa reports).
The arrangement with the International e-Sports Federation is an exclusive partnership with the organisation, which claims that it is the governing body for eSports activities in 47 nations.
Member countries include South Korea, China, Australia, Russia, Finland, Italy and Norway.
The partnership has ambitions to create a tournament in which all eSports players, both amateur and professional, can compete. It will also seek international recognition for eSports as a legitimate sporting activity that can be included in major global events like the Olympics.
On a practical level, the partners also propose the creation of unique intellectual property rights germane to eSports.
International e-Sports Federation president Byung Hun Jun said in a statement that the partnership with Alisports was a major step forward by his organisation, in which the partners would maximise each others strengths and enhance efforts to engage with more eSports fans internationally.
There are plans to invest in the construction of eSports stadia across China, Alisports chief executive Zhang Dazhong revealed, saying:
"IeSF has been committed to promoting the eSports movement in the mainstream, including pushing it into the Olympic Games, which is consistent with our ideal. I believe the two sides will jointly promote the development of the global e-Sports industry.”
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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