Jun 10, 2020 (Stock Market Press via COMTEX) -- Sports Venues of Florida, Inc;s /zigman2/quotes/208478291/delayed BTHR -5.13% subsidiary, Shadow Gaming,is competing in an eSports market projected by research firm Business Insider Intelligence to reach greater than $1.5 billion by 2023. Further, the report projects eSports has become a global entertainment ecosystem with an exponential expanding growth in viewership: almost doubling to 646 million by 2023. That reflects a 9% CAGR growth from 2019-2023. BTHR is an emerging leader of the youth sports, family sports entertainment and eSports market.
Media companies such as Stock Market Press are reporting on the fast growing eSports market . It keeps readers up to date on company stocks such as Sports Venues of Florida, Inc. /zigman2/quotes/208478291/delayed BTHR -5.13% , ETFMG Video Game Tech ETF /zigman2/quotes/204851829/composite GAMR -3.19% , Activision Blizzard /zigman2/quotes/200717283/composite ATVI -2.81% , Tencent Holdings /zigman2/quotes/207908563/delayed TCEHY -0.88% , Take-Two Interactive /zigman2/quotes/204008930/composite TTWO -2.22% , Electronic Arts /zigman2/quotes/206954087/composite EA -1.20% , Huya /zigman2/quotes/204095537/composite HUYA -3.77% , Comcast /zigman2/quotes/209472081/composite CMCSA -1.53% and AT&T /zigman2/quotes/203165245/composite T -0.90% .
Sports Venues Of Florida, Inc. /zigman2/quotes/208478291/delayed BTHR -5.13% Subsidiary, Shadow Gaming, Is Competing In An eSports Market On Track To Exceed $1.5 Billion By 2023: Research
A prominent growing player in the eSports market, Shadow Marking recently a three weekend Insurgency: Sandstorm Tournament. It also announced its free-to-play Minion Masters 'Summer of PUG' Tournament set to air on June 21. More details will be released the date of the event approaches. For more information, potential competitors can join the Shadow Gaming Discord .
eSports Growing Globally With North America, Europe and Asia-Pacific Regions Topping Revenue
The Business Insider Intelligence report on eSports finds that Latin America is one of the fastest-growing regions worldwide. It is expected to reach $42 million ini eSports revenue by 2023. Driving the global growth is mobile gaming -- accounting for 45% of the eSports market today. With China's mobile gaming growing, that segment is seen dominating the total market in the future. Sports Venues Of Florida, Inc. /zigman2/quotes/208478291/delayed BTHR -5.13% Subsidiary, Shadow Gaming, Is Competing In An eSports Market On Track To Exceed $1.5 Billion By 2023: Research.
Deloitte: Investors See A Future In eSports Revenue
The Business Insider analysis cited Deloitte reports that revenue in eSports is driven by live ticket sales, media rights, merchandise sales, sponsorships/advertising and in-game purchases. Sponsorships/advertising generate 69% of the revenue of eSports, Deloitte said. As a result, investments in eSports is growing fast: reaching $4.5 billion in 2018, reflecting 837% YOY growth. The investments account for the dollars distributed to players, tournament operators and digital broadcasters in eSports, Deloitte said. Investors include private equity firms and venture capitalists, Deloitte's report said.
60% Growth In Shadow Gaming Twitch From The Previous Event
After the tournament, Sports Venues of Florida, Inc. /zigman2/quotes/208478291/delayed BTHR -5.13% announced that it had raised its profile with the number of followers of Shadow Gaming Twitch had grown 60% from the previous event, reflecting its double digital growth and success. Entrants into the Sandstorm Tournament Open praised Shadow Gaming and said they were looking forward to the next Sandstorm tournaments in the future. Sports Venues Of Florida, Inc. /zigman2/quotes/208478291/delayed BTHR -5.13% Subsidiary, Shadow Gaming, Is Competing In An eSports Market On Track To Exceed $1.5 Billion By 2023: Research.
BTHR Is An Emerging Development Company In The Youth Sports, Family Sports Entertainment And eSports Markets.
Sports Venues of Florida, Inc. /zigman2/quotes/208478291/delayed BTHR -5.13% is an emerging development company in the youth sports, family sports entertainment and eSports markets. Its wholly owned subsidiary is Shadow Gaming, Inc. The company through its subsidiary has aggressively entered the eSports market. The company plans on developing a number of subsidiary companies demo high tech data management businesses to product and support businesses. Sports Venues Of Florida, Inc. /zigman2/quotes/208478291/delayed BTHR -5.13% Subsidiary, Shadow Gaming, Is Competing In An eSports Market On Track To Exceed $1.5 Billion By 2023: Research.
Source: Stock Market Press
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