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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.”

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Gambling News :

Unibet Name Changed to Kindred Group plc - Following an extraordinary general meeting at which shareholders approved the change of the Unibet title and brand to Kindred Group plc, the online gambling group will begin trading under the new name on December 12.

Kenya Betting Control Board Reviewing Changes - Kenya's booming sports betting sector could be facing stiffer government controls, especially regarding marketing, advertising and promotions, according to local media reports revealing that parliament is studying potential amendments to the Betting, Lotteries & Gaming Act.

Britan To Tighten SpreadBetting Controls - The UK media reported widely Tuesday that Britain's Financial Conduct Authority has announced a crackdown on spread betting using contracts for difference (CFDs) following FCA research that showed 82 percent of clients had lost money in the sector.

Playtech to Buy Back 50 Milliuon in Shares - #playtech In a statement, the company said that the decision reflects continued confidence in the growth and prospects of the business and its high cash generation, and revealed that it continues to trade in-line with expectations.

Sentencing in Vietnam Gambling Bust - The People’s Court in HCM City handed down sentences Monday to dozens of defendants linked to a major online sports betting ring dismantled last year by Vietnamese police.

Gamevy in Deal With Betsson - #Gamevy says it is partnering with several leading operators to deliver bespoke content that offers a real point of difference to players and increases brand loyalty.

Pkr To Offer Virtual Sports - #pkr The long established and respected online poker and casino operator PKR.com has followed its switch to Microgaming's MPN network earlier this year and the more recent launch of its live dealer offering with a new Virtual Sports attraction powered by Kiron Interactive.

Boris Becker New PartyPoker ambassador - #partypoker To celebrate the signing PartyPoker has created a Beat the Ace competition in which players get the opportunity to test their skills and luck in four $5,000 freerolls which started December 5. The overall winner will then get to play Becker heads up live in Germany for up to $25,000.

Snowmania Slot Launches - Capturing the festive feel in the now chilly northern hemisphere, RealTime Gaming has released its December offering, a 5 reel, 20 pay-lines online slot with a jackpot of 37,500 coins.

SportPesa is negotiating a major sponsorship deal with Everton - #SportPesa The Kenyan retail and online sports betting firm SportPesa is in the football sponsorship headlines again just days after news that it has inked a multi-million pound partnership with Hull City FC.

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