Middle East

SPREE Interactive secures multimillion Euro investment to expand its global partnerships and free-roam VR eSports experiences

In Virtual Reality News February 2, 2021 – SPREE Interactive, previously known as HolodeckVR, a provider of multiplayer, free-roaming commercial virtual reality (VR) attractions, has today announced that it has successfully secured a multimillion euro investment of an undisclosed amount from two strategic investors and two financial investors in the second closing of its seed round. The company states that it will use the latest investment to expand global operations and strategic partnerships. SPREE Investor, Stephan Berendsen, Founder and Managing Director of Germany-based Berendsen Holding GmbH said: “After having sold

Sports Stocks Approach Breakout Potential (OTC US: BTDG) ($CHDN) ($WWE) ($MSGS)

The live sports space has been a key story in the process of the pandemic. Now, with multiple vaccine candidates moving toward emergency use authorization, that reality is heightened. Normality is nearing a return. In the past three weeks, we have seen COVID-19 vaccine candidates from Pfizer/BioNtech, Moderna, and Oxford/AstraZeneca all report strong data and promising safety/efficacy profiles, which shapes the market’s view and discounting mechanism powerfully. Now, we are seeing new announcements from both Russia and China ringing the same bell. The reopening trade is on in a big

Riot to Launch Middle East VALORANT Servers, Add Arabic Language Support

Riot Games has announced that on Oct. 14 VALORANT will expand to the Middle East with the launch of dedicated servers and Arabic language support for the 5v5 multiplayer tactical first-person shooter. These new servers will be hosted in Bahrain and Arabic language support will become available universally across the world.  When the servers launch players will also be able to see one of the agents’ gameplay in Arabic and players around the world will receive a special in-game item in commemoration. VALORANT’s newest map “Icebox,” will be released on

Riot Games Consolidating European Esports League Operations

Riot Games has consolidated operations of its European esports leagues under its Berlin-based esports team, which currently oversees the League of Legends European Championship as well as EU Masters. The team’s responsibilities will now expand to include the Turkish Championship League, League of Legends Continental League, all European Regional Leagues, and esports initiatives in the Middle East. The team will be led by Director of European Esports Alberto Guerrero, who joined Riot in 2017 and became Europe head of esports in 2019. Hans Christian Dürr (formerly head of esports for

Newzoo forecasts 2020 global games industry will reach $159 billion

Games and esports analytics firm Newzoo released its highly cited annual report on the size and state of the video gaming industry yesterday. The firm is predicting 2020 global game industry revenue from consumers of $159.3 billion, a 9.3% increase year-over-year. Newzoo predicts the market will surpass $200 billion by the end of 2023. Importantly, the data excludes in-game advertising revenue (which surged +59% during COVID-19 lockdowns, according to Unity) and the market of gaming digital assets traded between consumers. Advertising within games is a meaningful source of revenue for

Teamfight Tactics: Galaxies Championship to kick off esports in the game

The Teamfight Tactics: Galaxies Championship will give the best TFT players around the world a chance to battle for a $200,000 prize pool. As Riot Games expands its horizons in 2020 with a slew of new games, Teamfight Tactics is about to heat up with a new esports scene. Riot just announced the Teamfight Tactics: Galaxies Championship, which will establish a new competitive track for the League of Legends auto chess spinoff and allow the best players in the world to compete for their part of a $200,000 prize pool.