Cyber Games Arena CEO Ryan Chow has co-launched a new $3.8 million esports complex in Mong Kok, Hong Kong, together with two high school friends.
At 25,000 square feet, it will be Asia’s largest esports complex and will be similarly called Cyber Games Arena. There will be training facilities, a competition arena capable of housing 80 players, as well as television broadcasting, online streaming and a retail area across the two floors of the complex.
The aim is to attract 1.2million visitors annually and hold more than 100 esports events and competitions yearly.
In a report by South China Morning Post, CEO of the Cybersport Arena Carrie Lam Cheung Yuet-ngor commented on the launch:
“Apart from subsidies, we will also improve the business environment and remove red tape,” she said. “The Innovation and Technology Bureau, the Home Affairs Bureau and other departments are working together to solve problems related to esports venues – a new guideline will be issued soon to help the e-sports industry.”
Apart from helping foster and nurture esports talents, the facility is said to be a bedrock for HK to begin attracting international recognition for its esports infrastructure.
The Hong Kong government has stepped up efforts to strengthen esports development, allocating HK100million (roughly $12.7 million) to the arena, which includes an investment of HK50 million into the competition venue and talent development.
This is also coming off the latest esports project in Foshan between Macao and Guangdong. An investment of $294 million is set to be divided amongst 50 companies involved in the esports space and creative industry.
Thumbnail image credit: SCMP