Tag Archives: gfinity

Gfinity narrows losses as eSports operator focuses on tech and league developments

Presenting its H1 financial update (six month period ending 31 December) London AIM-listed eSports live events operator Gfinity has reported a 45% increase in corporate revenues to £900,000. The firm founded in 2012 with the aim of growing UK live eSports arenas remains earnings ineffective, posting a period operational loss of £1.7 million, narrowing on pretax losses of £1.9 million posted …

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Newzoo’s esports revenue estimate up 7% for 2016

Newzoo has released its latest quarterly update of its assessment of the esports industry, the ‘Global Esports Market Report’. The report shows that esports revenues for 2016 will grow towards a projected $493m (£371.5 m) in 2016. This is up a significant 7% from the $463m (£348.8 m) projected at the beginning of the year. This puts the year-on-year growth at a …

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Gear of War 4 will have a $1 million competitive gaming prize pool

Microsoft and The Coalition have announced a new esports gaming tournament in collaboration with both MLG and Gfinity for the upcoming new addition to the popular Gears of War franchise. Once Gears of War 4 is released in October, professional and amateur gamers alike will have the chance to amass ‘Gears Pro Points’. There’ll be live events hosted every one to two months in …

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Paypal tightens up on esports payments

It has come to light that Paypal is concerned with the legality and regulations around payments linked to esports tournament sites.  Dexerto reported that the main area of concern is whether the payments are associated with gambling when processed through certain tournament sites. The company has requested letters from lawyers in a number of countries and individual US states to ensure …

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Gillette makes smooth move into esports with Gfinity

Esports company Gfinity Plc has announced a new sponsorship deal with razor and personal care products giant Gillette. Gillette will involve itself via the launch of a new football focused esports tournament that’ll include a£15,000 prize pot, though surprisingly it’s Pro Evolution Soccer 2016 and not FIFA which the players will be competing in. ‘The Gillette Championship’ will see gamers compete in a 24 team tournament, …

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Gfinity launches tournament app on Xbox One

Late last week the Gfinity app went live on the Xbox One store. The free tournament builder app will allow Xbox players to create and manage their own cups, leagues, ladders and competitions from their console. It’s a significant boost for the UK esports scene, and will have the added bonus of raising the profile of Gfinity’s own LAN tournaments …

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PwC releases ‘The burgeoning evolution of esports’ report

PwC US has released a report assessing the overall esports industry from a number of different angles with a focus on awareness, viewership and opportunities for companies looking to move into the space. There have been various assessments of the industry’s growing value, and this one states that there’ll be a 43% leap from 2015 to a total revenue of $463m (£321.7m) …

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