The ever popular and lucrative business of Esports is about to head to the next level, sealed by a futuristic $500m stadium build in Toronto.
Esports has burst onto the mainstream in recent years, blossoming from a subset of sports culture into a full blown industry in its own right. Quite frankly, parents now have no grounds to berate their kids for choosing gaming over outdoor activities.
With gaming officially recognised as the biggest entertainment industry in the world, revenue projections for Esports are set to surpass $1 billion for the first time this year. As much as 69% of this rapid growth can be attributed to sponsorships, merchandise, and advertising, but the industry appears to now be turning its attention to bolstering live ticket sales.
At the head of this business realignment is the blueprint for an incredible purpose-built arena dedicated to hosting Esports events in Toronto.
This week, OverActive Media – the ownership group behind Esports teams Toronto Defiant and Toronto Ultra – announced its plans to erect the $500 million facility on the Exhibition Place grounds in Toronto, Canada. Just take a second to marvel at that design… eat your heart out Jorn Utzon.
With hopes to light up a four acre plot on Lake Shore Boulevard before 2025, the currently unnamed venue will provide Toronto based outfits a place to play ‘home games’ in front of its fans during the active season. While Toronto players are honing their skills off the clock, the city will also utilise the space for music gigs, theatre shows, product launches, and award ceremonies.