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ZENGAMING RAISES $2.8 MILLION
Friday, April 22, 2016 : ZENGAMING RAISES $2.8 MILLION FOR E-SPORTS VENTURE
Crown Resorts led the funding to push further into the competitive video gaming space.
With its eyes firmly on the burgeoning eSports business space, social gaming network Zengaming raised $2.8 million in funding this week, with Australian land casino group Crown Resorts leading the round in its efforts to push further into the eSports competitive video gaming phenomenon.
Other investors include financial firms NFX Guild, 500 Startups, iAngels, and Foundation Capital along with angel investors Barak Rabinowitz and Shmueli Ahdut, the publication VentureBeat reports.
Zengaming will use the new capital to develop new talent and expand its support for important eSports games like Dota 2, League of Legends, and Starcraft.
Professional video gaming is on pace to generate $463 million in revenues this year primarily from sponsorships and marketing, VentureBeat notes.
Zengaming chief executive Jimi Gecelter said in a press statement:
"Zengaming wants its members to see the site as a path to future income. The idea is that you can compete in games and your results will show up on Zengaming and major teams might notice and recruit you based on your profile. Additionally, the site hosts sponsors who may want to connect with top players for potential sponsorships."
Gecelter claims his enterprise now has over a million registered and active users on one game - Counter-Strike - alone. And it is actively testing communities for Dota 2 and Rocket League.
“Even we were surprised by how widespread our success was, gaining such an impressive amount of active users within a year,” he admitted. “Partnering up with Crown, which has already hosted the biggest eSports tournament in Australia, with professional teams such as Cloud9 and Virtus.Pro, is an important strategic step that will help Zengaming continue its expansion.”
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.
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.
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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