Sport Celtics' Hayward invests in mobile gaming, esports company

05:16  27 march  2020
05:16  27 march  2020 Source:   sportswire.usatoday.com

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Gordon Hayward wearing a hat talking on a cell phone © Provided by CelticsWire

Boston Celtic veteran forward Gordon Hayward has invested in mobile esports company Tribe Gaming, reports Field Level Media via Reuters.

Hayward, well-known for his longtime personal interest in gaming and esports, joins WWE wrestler Claudio “Cesaro” Castagnoli among other investors in helping the gaming company expand operations over the coming years.

Tribe plans to secure a new company headquarters in Austin, Texas with a content creator lab designed for producing mobile gaming and entertainment products.

The organization, which focuses on mobile gaming and has 15 million subscribers and 67 million monthly viewers on their YouTube channel, recently revealed it had raised a warchest of $1.04 million towards these goals in their initial round of fundraising.

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Video games and electronic sports may be designed with entertainment in mind, but they have also proven themselves to be big business as well. According to VanEck director of ETF product marketing Michal Cohick, the new ETF represents "an opportunity to invest in the future of sports ."

An investment in the Fund may be subject to risks which include, among others, investing in the video gaming and esports companies , software Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise.

Hayward related the intense excitement he had for the venture in the following statement:

“I’ve been an NBA All-Star and made it to the NCAA championship, but I still get a rush when I’m taking down my enemy’s towers in a game of Clash … Tribe is about celebrating mobile gaming, whether it’s by cheering your team on the sidelines or watching your favorite streamers on your couch. I’ve been a mobile gaming fan for a long time, and I can’t wait to help bring those experiences to more people around the world.”

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This investment is in line with MTG’s strategy to complement its linear and on-demand video entertainment services by investing in fast growing MTG (Modern Times Group MTG AB (publ.)) is a strategic operational and investment holding company in esports and gaming entertainment.

Esports infrastructure company Nerd Street Gamers closed a M Series A investment led by publicly-traded discount retailer Five Below Inc. Other participants in the Sponsored by Lagardère Sports , and presented by Sports Business Journal / Daily, with support of The Esports Observer.


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