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Esports Entertainment Group $GMBL – Integrated #Esports facility opens in Hong Kong as the city seeks to become a regional hub $ATVI $TTWO $GAME $EPY.ca $TCEHF

Posted by AGORACOM-JC at 4:48 PM on Tuesday, January 29th, 2019
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Integrated eSports facility opens in Hong Kong as the city seeks to become a regional hub

  • An integrated eSports complex called Cyber Games Arena (CGA) has opened in Hong Kong.
  • It hopes to attract 1.2m visitors and hold more than 100 local and overseas eSports competitions annually / SCMP.   By Shawn Lim

The 25,000 sq ft facility cost HK$30 million ($3.8m) to build and aims to turn the city into a regional eSports hub for young talent in the industry as it grows. The two-storey building consists of training facilities, a competition arena for up to 80 gamers, television broadcasts, online streaming platforms and a retail area.

It hopes to attract 1.2m visitors and hold more than 100 local and overseas eSports competitions annually.

The Hong Kong government has also strengthened its support for the eSports industry by allocating HK$100 million to Cyberport, a business park in Hong Kong, to build an HK$50 million eSports competition venue and nurturing talent for start-ups.

“Apart from subsidies, we will also improve the business environment and remove red tape,” said Carrie Lam Cheng Yuet-ngor, the chief executive of Hong Kong, who officiated the opening of the facility.

“The Innovation and Technology Bureau, the Home Affairs Bureau and other departments are working together to solve problems related to e-sports venues – a new guideline will be issued soon to help the eSports industry.”

Source: https://www.thedrum.com/news/2019/01/29/integrated-esports-facility-opens-hong-kong-the-city-seeks-become-regional-hub

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