Saudi Arabia's Gaming Ambition Soars with $70 Million Esports World Cup in Riyadh
Source: news.source.channelnewsasia
The Esports World Cup is set to return to Riyadh this summer with an unprecedented prize pool of over $70 million, reflecting Saudi Arabia's aggressive push to become a global gaming hub. The tournament will feature 24 games, including new additions like Chess and 'Valorant'. This event aligns with the country's Vision 2030 strategy to diversify its economy and has been criticized for 'sportswashing'. The tournament also aims to support the esports industry by allocating funds for clubs to develop talent.
Key Points
The Esports World Cup in Riyadh will have a record-breaking $70 million prize pool, up from last year's $60 million.
The event will feature 24 games, including new additions like Chess and 'Valorant'.
Saudi Arabia's investment in esports is part of its Vision 2030 economic diversification strategy.
The country will host the inaugural Olympic Esports Games in 2027 under a deal with the International Olympic Committee.
The tournament includes a $25 million fund for clubs to nurture talent and support players, addressing financial instability in the industry.
Chess's inclusion reflects its revival during the pandemic and its growing presence in esports.
Top chess players like Magnus Carlsen and Arjun Erigaisi will participate.
Recent acquisitions like Scopely's purchase of Niantic Labs' gaming division highlight Saudi Arabia's gaming investments.
