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Esports Tournament Platform XY Gaming Announces Multi-Million Funding Round

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8-18 Esports Tournament Platform XY Gaming Announces Multi-Million Funding RoundReading Time: 2 minutes

 

XY Gaming, one of the world’s largest global esports tournament platforms where users compete for cash prizes, announced a $2.5 million USD seed funding round co-led by KB Partners and Varga Capital. XY Gaming organizes asynchronous esports tournaments using its proprietary technology, to create a convenient and hassle-free global arena for gamers to compete in some of the world’s top games, including League of Legends and Dota 2, with support for Fortnite, Rocket League, CSGO and additional titles coming soon. The company has worked with HyperX, GFuel, PaySafeCards, Sennheiser and Pinnacle, and has hosted more than 16,000 tournaments and 12.5 million games to date, catering to gamers of all skill levels.

“The majority of the esports market has few opportunities to compete for cash prizes,” said XY Gaming co-founder and CEO Aaron Fletcher. “Through our simple, free, and one-click to enter and play platform, we enable gamers of all skill levels to take their gaming to the next level in a fair and secure environment.”

The worldwide gaming market includes 2.5 billion active gamers. While most tournaments target the top one percent of gamers, XY Gaming creates a space for all gamers that want to play competitively. The company automatically tracks players’ in-game statistics and awards scores based on performance. Payouts are distributed via Paypal, credit cards, or credit for purchases in the marketplace. Unlike some tournaments which only divvy up earnings to players in the top one percent, XY Gaming divides cash awards between 30-40 percent of all participants in a tournament to increase participation rates and odds of winning.

XY Gaming also offers brands unparalleled engagement and advertising access to its more than 100,000 registered users. The company will use the new capital to enhance its advertising offering by developing a new branded tournaments model and expanding its advertising vertical, to better enable direct brand engagement.

Numerous brands have indicated a great disparity between what current tournament platforms offer and what brands expect, and I am excited that we now have the capital to grow XY Gaming and create this new marketing vertical that is global, inclusive and scalable,” added Fletcher.

Funds will also be used to expand the team, create marketing campaigns, partnerships and influencer sponsorships to grow the site, and add new well-known game titles including Fortnite, Apex Legends, and Rocket League.

 

About XY Gaming:

XY Gaming is the world’s largest global esports tournament platform where users compete for cash prizes across games like League of Legends and Dota 2 with support for Fortnite, Rocket League, CSGO and additional titles coming soon. XY Gaming organizes asynchronous esports tournaments, automatically monitoring players’ in-game statistics and awarding scores based on performance to create a convenient and hassle-free competitive arena for gamers of all skill levels. The company has hosted over 16 thousand tournaments and 12.5 million games to date and has attracted more than 1 million people in a single tournament. The company was co-founded in San Francisco. For more information, please visit www.xygaming.com.

About KB Partners:

KB Partners is a suburban Chicago based investment firm focused on early-stage venture capital investments. KB’s principals take an active approach in helping to build dominant new enterprises by working in partnership with talented entrepreneurs and experienced managers. The firm is currently investing out of KB Partners Myriad Opportunity Fund, which invests in passionate innovators at the intersection of sports and technology.

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Esports Tournament Platform XY Gaming Announces Multi-Million Funding Round

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gaming and eSports Companies entering the Online Financial Industry and vice versa (panel discussion) at EGC2019 Milan

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EGC-8-November Gaming and eSports Companies entering the Online Financial Industry and vice versa (panel discussion) at EGC2019 MilanReading Time: 3 minutes

 

Experts discuss the key shifts in Gaming, eSports, and Fintech at EGC Milan 2019!

 

In the past years, there have been many developments and compliance measures taken in the gaming industry and the most vital ones are certainly the ones that affect payments. There has been a large wave of innovation coming from the payments industry and all of them had to be in line with AMLD 5 while also preparing for AMLD 6.

At European Gaming Congress (EGC) we are bringing the discussion to Milan on the 8th of November at Radisson Blu Hotel Milan, by hearing from the key names of the payments, gaming, eSports industries to discuss Operational, Regulatory and Compliance Aspects.

Tal-Itzhak-Ron-Carusel-Milan-2019-1 Gaming and eSports Companies entering the Online Financial Industry and vice versa (panel discussion) at EGC2019 MilanThe speakers’ list was put together by Tal Itzhak Ron (Advocate, Certified Computer Scientist and Notary) who will also the moderator of this important panel discussion, which is joined by Martin Graham (Third Generation Bookmaker and Gaming Industry Veteran), Martina Scalpello (Senior Manager – AML Compliance – at ARQ Group Malta) and Dr. Holger Jakob (Head of Legal at G2 Esports).

You can register here or view the agenda here!

About Martina Scalpello – Senior Manager (AML Compliance) at ARQ Group Malta

Martina-Scalpello-Carusel-Milan-2019 Gaming and eSports Companies entering the Online Financial Industry and vice versa (panel discussion) at EGC2019 MilanMartina Scalpello is a senior manager responsible for AML/CFT compliance within the ARQ Group. Prior to joining ARQ, she worked with the Financial Intelligence Analysis Unit, where her main role was to carry out both on-site and off-site AML/CFT reviews and inspections of financial services entities and DNFBPs. During this period she was also involved in a number of AML-related projects, including the implementation of the risk-based approach to supervision. She also previously worked as a compliance officer within the fund administration and investment services sectors.

Martina has been engaged in a number of AML/CFT audits, gap analyses and enterprise risk assessments for financial institutions and gaming operators. She also carries out reviews of policies and procedures for a number of industry players and regularly delivers training to officers and staff of various institutions including financial institutions, casinos, banks, and real estate agents.

About Martin Graham – Third Generation Bookmaker and Gaming Industry Veteran

Graham-Martin-Carusel-Milan-2019 Gaming and eSports Companies entering the Online Financial Industry and vice versa (panel discussion) at EGC2019 MilanAs a third-generation bookmaker (his grandfather starting the business in London in 1923) and gaming industry veteran, Martin’s career includes founding Bonne Terre Limited, a licensed and regulated sportsbook in the Channel Islands which became a wholly-owned subsidiary of BskyB Group PLC, operating as Sky Bet. CVC Partners announced in April this year the sale of Sky Bet for £3.4 Billion to The Stars Group, owner of PokerStars.

Martin was also Chairman of Probability Games Corporation, which was successfully listed on the London AIM in 2006. It was one of the world’s market leaders in mobile phone gambling services and technology providers. The group was eventually bought by GTECH. He then founded Scotbet International Limited, a holding company for the betting businesses of Scotbet and Morrisons Bookmakers. This new group comprised the largest private Scottish retail betting company.

Martin is recognized for his contributions to the establishment of gaming laws within several jurisdictions and is considered a pioneer of the online gaming and gambling industry. Martin also advises or is a board member of several public and private gaming groups around the world.

About Dr. Holger Jakob – Head of Legal at G2 Esports

Dr.-Holger-Jakob-Carusel-Milan-2019 Gaming and eSports Companies entering the Online Financial Industry and vice versa (panel discussion) at EGC2019 MilanDr. Holger Jakob, born in Mannheim, studied law in Heidelberg, Saarbrücken, Speyer and Berlin, where he also successfully completed his dissertation. He has been working as a lawyer for Entertainment and Sports law since 2002 and has been working as an in-house lawyer in the gaming and gambling industry since 2008. In January 2019, he became Head of Legal at G Esports Holding GmbH, which manages some of the most successful Esports teams in the world under the brand G2 Esports (e.g. League of Legends, Rainbow Six Siege).

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in Europe via the EGC platform every year.

Register here!

Browse the official event website here:  www.europeangamingcongress.com


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Gaming and eSports Companies entering the Online Financial Industry and vice versa (panel discussion) at EGC2019 Milan

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Excellence is the destination on Blueprint road map

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blueprint-acos-2019 Excellence is the destination on Blueprint road mapReading Time: 1 minute

 

‘An invaluable opportunity to outline the Blueprint road map and product credentials to the broader industry’ is how David Purvis chose to describe the brand’s reflections on the recent Autumn Coin-Op Show.

Speaking after Blueprint had completed its post show debrief, which included insight from colleagues at Gauselmann Group sister companies, Praesepe, Regal, Betcom and GeWeTe, Purvis said: “Exhibitions are an opportunity to see the industry from a customer perspective as well as receiving contributions from our sister brands within Gauselmann. Analysing all of the feedback, the theme which recurred time and time again, emanating from every sector of the industry, was the importance that’s being placed on quality and securing products that can authentically be described as representing ‘the best of the best’. The market isn’t interested in second best because their customers, the end-users demand the very best. The bar has most definitely been raised and I’m delighted that both the Wave and the Alphamax cabinets were so well received.”

He continued: “The days of offering consumers a game on an old analogue machine and serving cheap coffee in a plastic cup that’s too hot to hold are long gone. Modern retailing means delivering an excellent consumer experience. Gaming Machines that look outstanding are part of the quality offer that consumers expect and cabinet design is crucial in today’s highly competitive market. We’ve got the added advantage of knowing from our UK Gauselmann Group colleagues what customers in each gaming sector really want and Blueprint will continue to push the envelope in the process identifying the incremental improvements that can transform a good game into a great game.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Excellence is the destination on Blueprint road map

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Sportradar to market CEV Tokyo Volleyball European Qualification media rights

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sportradar-cev Sportradar to market CEV Tokyo Volleyball European Qualification media rightsReading Time: 1 minute

 

Sportradar, the global leader in sports data intelligence, today announced it is to sell the media rights for the upcoming CEV Tokyo Volleyball European Qualification 2020 on behalf of the European Volleyball Confederation (CEV).

The agreement is part of an existing collaboration between the CEV and Sportradar that has run since 2007, which also includes the exclusive global marketing of media rights for the CEV Champions League and the OTT video platform EuroVolley.tv.

The media rights are for both the men’s and women’s competitions, which run from January 5th – January 12th 2020, with both events deciding the final European teams for the 2020 Olympic Games in Tokyo.

Sportradar’s Senior Director, Audiovisual Broadcast, Lutz Tigges, said: “Tokyo 2020 is set to be the standout sporting event of next year and is a major milestone moment for athletes, sports fans and broadcasters. To participate in the Olympics is the pinnacle for European volleyball teams, so these qualifiers are primed to guarantee thrilling moments, fantastic competition and big audiences.”

While the men’s qualifier will take place in Berlin, Germany, the women’s will be held in Apeldoorn, the Netherlands. Both competitions include an eight-team group stage, split into two pools, before the semi-finals and the final, with the winner ensuring a spot at the Olympic Games next year.

In total there are 30 matches, which will feature EuroVolley2019 finalists Serbia and Slovenia in the men’s competition and 2019 women’s runners-up Turkey. All matches will be produced in full HD to an international high-end standard with at least 9+1 cameras and international match graphics.

A three-minute highlight package will be produced shortly after each match and made available to broadcasters, news channels and social media platforms.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Sportradar to market CEV Tokyo Volleyball European Qualification media rights

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