eSports
Lockdown esports boom sees Luckbox prepare to go public on TSXV
Booming business during the COVID-19 lockdown has accelerated one company’s plans to go public.
Luckbox – an esports betting platform – has reported a “huge uptick in KPIs” during the first half of 2020.
The company is now preparing to go public on the TSX Venture Exchange after signing a letter of intent with capital pool company Elephant Hill (TSX-V: EH.P).
With much of the world’s population in lockdown due to the Coronavirus outbreak, the esports industry is among the few sectors to thrive.
While almost all traditional sport has been interrupted by the pandemic, esports – pro video game matches – are able to continue online.
This has been welcome news for Luckbox, with total bets up 500% since lockdown started.
Luckbox CEO Quentin Martin said: “All of our key performance indicators have been through the roof in the past three months. We’ve seen a huge uptick in KPIs across the board.
“Clearly, these are challenging times for many people across the world but, for many, esports and gaming is a welcome distraction.
“As well as an increase in customers and betting activity, we’ve seen a huge level of interest from potential investors, who are realizing that esports is resilient to many of the forces that affect traditional sports, not least COVD-19 and a potential recession.”
Esports is regarded as the sport with highest growth potential and the industry as a whole has been one of the few sectors to succeed during lockdown. Amazon-owned streaming service Twitch reported an 80% increase of concurrent viewership since January, while gaming platform Steam reported record concurrent users.
Ahead of the potential public listing, Luckbox is engaging investors during a short funding round led by Gravitas Securities and Beacon Securities.
Luckbox, which is based in the Isle of Man, has been accepting bets from customers in more than 100 territories for just over a year.
The company holds a full gambling licence and offers real-money wagering on popular games such as League of Legends, CS:GO, Dota 2, Overwatch, FIFA and NBA2K.
Martin said: “The potential of esports betting is well documented and these past few months have brought that into sharper focus, accelerating the numbers.
“Many fans of traditional sports have been exposed to the excitement of esports for the first time and, hopefully, they like what they see and will be sticking around.”
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Asia
Skillhub Online Games Federation and Global Esports Federation Unite to Bring Global Esports Tour 2025 to India
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In a landmark moment for Indiaâs esports ecosystem, Skillhub Online Games Federation (SOGF) proudly announces its collaboration with the Global Esports Federation (GEF) to bring the Global Esports Tour (GET) 2025 to Mumbai. This historic event marks the first-ever Global Esports Tournament in India, further cementing the nationâs role as an emerging force in global esports.
The first ever Global Esports Tournament in Mumbai will bring together top-tier professional esports athletes and teams to compete on a world-class stage. This initiative is a direct outcome of the Strategic Framework Agreement signed between SOGF and Global Esports Federation (GEF) in October 2024, signifying a long-term commitment to developing esports across South Asia, including India, Nepal, Bangladesh, Bhutan, Pakistan, and Sri Lanka.
The Global Esports Tour Mumbai will not only showcase high-stakes competition but also serve as a launchpad for Indiaâs esports talent onto the international stage. By hosting a prestigious event of this scale, SOGF aims to bolster Indiaâs esports industry, drive investments, and create unparalleled opportunities for athletes, developers, and organizations within the ecosystem.
Sibtain Baqri, Chief Executive Officer of SOGF, expressed his excitement about this milestone,âBringing the Global Esports Tour to India is more than just a tournamentâitâs a movement. This event underscores Indiaâs potential as a global esports powerhouse, providing athletes with an international platform to showcase their skills and compete at the highest level. SOGF is committed to nurturing this ecosystem, and GET Mumbai is just the beginning of our larger vision to shape the future of esports in India and South Asia.â
Echoing this sentiment, Rustam Aghasiyev, Chief of Staff & Operations at Global Esports Federation, stated: âWe are thrilled to expand our global footprint with the Global Esports Tour in Mumbai, which will introduce a new wave of opportunities for Indian and South Asian esports communities. Our partnership with SOGF is a significant step toward fostering an inclusive, competitive, and world-class esports environment in the region.â
Global Esports Tour, the GEFâs professional team series, showcases elite-level esports athletes and teams competing in high-stakes tournaments across iconic global cities. The arrival of GET in India underscores GEFâs commitment to fostering inclusivity and delivering impactful experiences for athletes, audiences, and stakeholders alike.
The post Skillhub Online Games Federation and Global Esports Federation Unite to Bring Global Esports Tour 2025 to India appeared first on European Gaming Industry News.
eSports
FeedConstruct Partners with GRID Esports to Enhance Odds Feed with Esports Scouting Data
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FeedConstruct, a trusted provider of sports betting solutions, has announced a strategic partnership with GRID Esports (GRID), a pioneer in esports data and services. This collaboration will see FeedConstruct leveraging GRIDâs advanced esports scouting data to enhance the speed and accuracy of its odds feed.
By integrating GRIDâs official esports live data into its trading teamâs operations, FeedConstruct ensures its odds feed remains highly accurate and reliable. This improvement will not only augment FeedConstructâs exclusive offerings but also provide betting operators with a competitive edge through fast and precise odds.
Narek Harutyunyan, CEO of FeedConstruct, said: âWe are thrilled to welcome Grid as a partner. This collaboration allows us to enhance our odds feed offering with their esports scouting data, and we look forward to working together to deliver valuable solutions to our clients in the sports betting industry. We are confident this partnership will benefit sports betting operators and providers worldwide, empowering them to stand out in the market.â
As part of this partnership, GRID will supply FeedConstruct with data and livestreams for leading esports titles such as League of Legends, VALORANT, Counter-Strike 2 (CS2), Dota 2, BLAST and Rainbow Six Siege.
âWeâre thrilled to partner with FeedConstruct and extend our data solutions across the entire ecosystem. Our mission has always been to provide the most reliable, real-time esports data, and this partnership represents a significant milestone in bringing professional-grade esports insights to a global betting audience,â said Mikael Westerling, Chief Strategy Officer at GRID.
The post FeedConstruct Partners with GRID Esports to Enhance Odds Feed with Esports Scouting Data appeared first on European Gaming Industry News.
eSports
NIP Group Partners with Abu Dhabi Investment Office to Accelerate Abu Dhabiâs Esports Industry
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NIP Group Inc., a leading digital entertainment company, announced that it has entered a multi-year partnership with the Abu Dhabi Investment Office (ADIO) to drive gaming, media and entertainment growth in Abu Dhabi.
The five-year landmark agreement will see ADIO support NIP Groupâs expansion in the region. Under the agreement, ADIO will support the Company with access to financial and non-financial growth opportunities valued at up to US$40 million over a four-year period. The NIP Group will establish its global headquarters in Abu Dhabi and will contribute to local employment in the esports and gaming sector. The Company will also increase its capacity across key business verticals in the region, including esports operations, creative studios and game publishing, alongside events and talent management.
Through the partnership, NIP Group will work directly with ADIO to advise on its gaming and esports strategy, leveraging Abu Dhabiâs location and resources to build a thriving local gaming ecosystem and deliver innovative digital entertainment solutions worldwide.
âWeâre delighted to partner with ADIO as we bring together our Eastern and Western businesses, establishing a truly global headquarter that represents not only our growth as a company but the growth of gaming and entertainment in the Middle East. Our selection as a key partner is the ultimate testament to NIP Groupâs industry legacy and leadership,â said Hicham Chahine, Co-CEO of NIP Group.
Mario Ho, Chairman and Co-CEO of NIP Group, said: âThis partnership underscores our dedication to sustainable global expansion and operational excellence. This collaboration with ADIO not only reflects our growth ambitions but also our commitment to creating meaningful opportunities for local talent. By creating new jobs and amplifying Abu Dhabiâs leadership in esports and gaming, we aim to empower a new generation of professionals who will drive the gaming and entertainment sector forward in the Middle East and beyond.â
H.E. Badr Al-Olama, Director General of ADIO, said: âADIOâs partnership with NIP Group reflects our shared ambition to lead in innovative industries of the future at the cutting edge of entertainment and technology. Welcoming NIP Group to Abu Dhabi represents an important addition to this endeavour, and we look forward to collaborating to ensure a dynamic future for Abu Dhabiâs esports and gaming industries.â
Through the partnership, NIP Group will have support from the broader Abu Dhabi ecosystem, which will help the Company expand its business in the Middle East and globally.
The post NIP Group Partners with Abu Dhabi Investment Office to Accelerate Abu Dhabiâs Esports Industry appeared first on European Gaming Industry News.
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