One of the largest tournaments ever for gaming has just taken place in Saudi Arabia. And a publicly traded esports company is walking away from it with millions of dollars in prize winnings.

‍What’s happening:‍

  • GameSquare Holdings (NASDAQ: GAME) subsidiary FaZe Clan has won $2M USD in prize money from their participation in the Esports World Cup hosted in Riyadh, Saudi Arabia

Why it matters:‍

  • The recent inaugural Esports World Cup in Saudi Arabia represented the largest prize pool ever in the history of gaming tournaments

By the numbers:‍

  • FaZe Clan finished 6th overall in the tournament out of a total of 500 participating teams

Going deeper:‍

  • FaZe Clan is one of the largest and most influential gaming brands globally, which ultimately resulted in them going public on the Nasdaq in a highly valued SPAC transaction prior to eventually being acquired by GameSquare
  • GameSquare also has been making moves to bring gaming to a wider audience through the recent launch of a new partnership with the National Football League that is aiming to accelerate collaboration between the gaming community and professional sports

The intrigue:‍

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