Canada is now officially a hub for the booming e-sports industry. With the biggest E-sport tournament being held in Canada this year, it will be one for the books of Canada’s e-sports history. And as Canada opens its doors to the e-sports industry, more opportunities await its lawyers and CPAs.
Why the E-Sport Industry Has a Big Future in Canada
From being just a hobby, video gaming is now an official e-sport, and Canada is being through and through supportive with it. And now, managers, accountants, and lawyers are in demand because of the booming sport.
According to Luc Ryu, e-sports is a big business opportunity, and it is not being taken seriously. In South Korea and China, major tournaments are being set up at stadiums with over 7,000 fans. So, the self-proclaimed e-sports enthusiast decided to help launch a five-week study on the e-sports industry.
The result of the five-week study ended up with financial institutions and investment groups offering his firm investment financing options and market-entry strategies of the industry.
Gaming, especially e-sports is very important for Canadians. The Canadian government decided to be in the spotlight of iGaming in general. E-sports and iGaming could attract the attention of millions of tourists. iGaming itself is the biggest reason why millions of people travel to Toronto, Vancouver, etc. The industry of online gaming in Canada started to grow from 2010. Since the appointment of Justin Trudeau, the industry has changed. The new government has changed many things in legislation and the iGaming industry (along with E-sports) seen a positive impact. As Trudeau took the power in hands, the online gaming sector is growing every year. In 2015, the online casino has contributed only 5 billion CAD to the economy of the country. That number doubled in just four years and that happened because of the government’s help. Justin Trudeau’s team allowed online casinos to dominate the global market. For that particular goal, online casinos in Canada were allowed to offer international gamers different genres - poker, blackjack, roulette, etc. Those games were offered by the same provider and that was the big boost. Online casinos were allowed to have multi-profile in the iGaming sector and it resulted in a positive impact. International gamers could play online blackjack for money and use the rest of the funds playing slots on the same venue. That attracted the interest of international gamers. Right reaction and help from government ended in positive impact and in the end, it was a win-win position for both, the local gaming industry and economy of the country. The same scenario happened with e-sports as a country already has legislation but the industry is in early age of development.
Rainbow Six Siege Gamers Compete for US$3M in Montreal Tournament
Four thousand and five hundred people from around the world came to Montreal to witness the Rainbow Six Siege Tournament for the fourth annual Six Invitational. Fans who traveled from Vancouver, Ohio, Brazil, and France seen as 16 of the world’s best teams battle it out in the high-intensity game.
According to the Six Siege director Wei Yue, this year’s tournament is not just to compete, but it is created to gather and celebrate the game’s fourth anniversary. But well, who would not want the grand prize of $3 million (U.S.).
Rainbow Six Siege is a challenging game to learn, according to Yue, and takes a lot of practice to master the game. He thinks that the unique thing about the game is that it focuses on the team players’ tactical strategy..
Another Big Tournament Will Be Held in November 2020
It seems that Canada did it again! This year’s Grey Cup will be held in the City of Regina at the Evraz Place starting on November 17. The game will officially begin on November 22, and the street festival will run next door.
Saskatchewan Roughriders won the bid to become the host of the 2020 Grey Cup, and they are more than excited that they are already starting to plan for the festivities. The festival co-chair, Craig Reynolds, said that there is something for everyone since activities will run from morning to night.
A newcomer for the 2020 Grey Cup is the League of Legends Canadian Nationals E-sport Tournament. League of Legends is the most popular e-sport in the world right now, and adding the said tournament will add more audiences.
The Roughriders will also pick six small-to-medium sized communities that will be receiving a $25,000 grant from the Richardson Pioneer Community Celebration. The money will go to the province’s health, wellness, and active living infrastructures and assets.