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#esports Still Growing Strong
E-SPORTS REMAINS ON THE GROWTH PATH
Latest Newzoo numbers showcase a thriving industry.
The independent digital research company Newzoo has released a teaser on its current review of the eSports vertical, reporting that it has revised upward by 7 percent its estimates on revenues in the current year to $493 million.
That represents a year-on-year growth of almost 52 percent, the researcher observes, attributing elements of the growth to the increased investment of up to $100 million by game developers like Blizzard and Valve that have identified the potential of competitive video gaming and promote and support eSport teams, leagues, operators, and event organisers.
Researchers predict that revenues are likely to rise by 42.2 percent by end 2019, delivering annual revenues of $1.1 billion. That will come principally from the North American market (36 percent) followed by Asian markets (22 percent) and the rest of the world at 42 percent.
The report notes that it does not include betting volume in its predictions, which could more than double the $493 million in revenues achieved by the end of 2016.
Newzoo breaks down the current revenue contributory numbers into 71 percent from advertising, sponsorship and media rights (around $350 million) with the remainder delivered by merchandising and event ticket sales.
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Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
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Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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