There is no getting away from the importance of e-sports as the global entertainment industry emerges from the global health crisis, a movement leveraging digital payments and cryptocurrency.

The world’s largest sports betting and gaming groups are investing to enter the e-sports and immersive entertainment space.

Looking first at the Middle East, the Saudi Arabian government, through its Public Investment [Fund’s] Savvy Gaming Group, a game industry investment corporation, recently made one of the largest acquisitions in the e-sport space by acquiring ESL and FACEIT groups for $1.5 billion. The groups run tournament competitions, as well as running apps for players to organize independent tournaments.