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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.”



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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