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PlayBrain obtains funding to stage League of Legends esports in Japan

Niji Narayan

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PlayBrain obtains funding to stage League of Legends esports in Japan
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PlayBrain has raised $1.9 million in seed funding to stage League of legends esports events in Japan.

The company has obtained the funding through several investors, including the Berlin-based Bitkraft Esports Ventures, one of the most prolific esports investment firms. PlayBrain will use the funds to scale the team, accelerate growth, and support costs to lead the creative direction, operation, and commercialisation of League of Legends Japan League (LJL). Market researcher Newzoo reported that 67.6 million players in Japan will spend $19.2 billion in 2018, making it the third-largest games market in the world.

This deal marks the first Western investment in esports in the Japanese market. PlayBrain is a full-service esports tournament and media company in Tokyo. Its mission to help brands reach gamers and fans through large-scale esports event production.

“As a company that is multicultural and multilingual, we see ourselves as a bridge connecting the Japanese competitive gaming community to the rest of the world,” said PlayBrain founder Mike Sheetal in a statement. “The investment from Bitkraft Esports Ventures will enable us, and the Japanese esports market as a whole, to gain more ground in the global esports industry by developing the next generation esports cultural products born out of Tokyo’s distinct youth culture and helping foreign brands effectively enter, and engage, with Japan’s gaming community.”

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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New Chief Executive Promises to protect Macau’s Gaming and Tourism Industry

Niji Narayan

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New Chief Executive Promises to protect Macau’s Gaming and Tourism Industry
Photo Source: macaubusiness.com
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Ho Iat Seng, the new Chief Executive of Macau, has promised to protect the future of Macau’s gaming and tourism industries.

Speaking at a media conference in Beijing, Ho pointed to the “one country, two systems” principle and national security law as playing an important role in the stability of the city which in turn was vital to its ongoing prosperity.

“One can see that Macau has been doing quite well over the past 20 years in the one country aspect, including the enactment of a national security law. With such legislation, we can prevent interference by foreign influences. If they dare to come to intervene, we will make use of our law to safeguard the one country. We won’t allow foreign influences to have a hand in Macau’s affairs,” Ho said.

“Macau cannot afford to fall into chaos. Macau is a tourism city. Our major revenue comes from tourism and the gaming industry. We need to protect people’s livelihood,” Ho added.

Asked about the impending expiration of Macau’s six gaming concessions and sub-concessions in 2022 and the progress of plans for re-tendering, Ho explained that a draft had already been developed which would be refined and amended once the new administration takes over in December.

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Goa CM Says Casinos are Essential for Tourism in the State

Niji Narayan

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Goa CM Says Casinos are Essential for Tourism in the State
Photo Source: livemint.com
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Goa Chief Minister Pramod Sawant has assessed the importance of casinos in the state and told that they are a very important part of the tourism industry as they attract tourists.

“During one of the media interviews, I was asked whether I support casinos. Casinos are one of the important parts of tourism as they attract tourists… of course, it is there,” Sawant said.

“We are getting direct and indirect revenue from the tourism industry. Now it depends on the stakeholders how to grow the industry, while the government can provide necessary infrastructure for them. We want to make it 100%,” Sawant added.

The Government of Goa has recently announced plans to ban residents from entering casino floors. However, the authorities did not set any timeline for the implementation of such a controversial measure.

“I am of the opinion that Goans should not be allowed in casinos. The Goa Gambling Policy makes it clear that casinos are allowed only for tourism purpose and not for Goans to visit. We have to sit and fix a date to ban Goa residents from casinos. They would be barred from entering offshore and onshore casinos,” Sawant said.

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Osaka City Planning Council Agrees to Change Yumeshima as Commercial Zone

Niji Narayan

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Osaka City Planning Council Agrees to Change Yumeshima as Commercial Zone
Photo Source: ft.com
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The Osaka City Planning Council has agreed to change Yumeshima island to a commercial zone from its current status as an industrial or semi-industrial zone. The change in status of the zone is to promote Yumeshima as an international tourist hub and develop an integrated resort (IR).

“We will guide reasonable land usage for the purpose of creating a new international tourism hub on the coastal area. It is easily accessible from the city and it is possible to secure a large amount of land,” the Council said.

Yumeshima, an artificial island in Osaka Bay, will host the World Expo 2025. Japan is planning to develop integrated resorts before the World Expo 2025. The development of Yumeshima will be worth around JPY 95.4 billion. The city will extend its Osaka Metro Central Line and will connect Yumeshima to the city.

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