Shanghai stakes its claim as the global capital of Esports gaming with the announcement that the Chinese property company SuperGen has started construction on what they call the ‘International Cultural and Creative Esports Centre’.
Initial stages will cost over £653.2 million, with the whole project carrying an eye-watering £1.12 billion price tag. The complex will have ample room to house offices as well as an Esports entertainment facility with a capacity of 6,000 spectators. Alongside this are an attached hotel, a breakdancing studio, indoor skydiving and much more.
With projects such as these, it offers the question: how big can esports get?
The deal comes at a great time for the world of professional gaming. The Chinese Esports industry was worth roughly US$1.1 billion in 2020, making it the largest Esports market in the world. With this investment, it looks like China is aiming to dominate the Esports industry, turning Shanghai into an international centre for all things Esports.
The 500,000 square metre complex and similar projects have been hinted at by the government of Hainan last June. Similar projects have been taking root across the world. Plans are being considered in Abu Dhabi for an Esports and virtual-reality hub called Pixel.
The Esports Centre could host 300 international Esports events per annum as claimed by SuperGen itself. It also claims that it will create around 2,000 Esports related games. With projects such as these, it offers the question: How big can Esports get? With the level of investments being put in the industry, it is hard to deny that professional Esports will likely climb to new heights. The project is estimated to finish first-phase construction in 2023 and be fully completed in 2024. The future of Esports looks bright.
Featured Image: Sam Churchill (Flickr)