HK opens HK$30 million eSports complex to boost economy

Hong Kong has opened an integrated e-sports complex to boost the economy and nurture young talents within the gaming industry.

Located in Mong Kok, the Cyber Games Arena spans 25,000 square feet and reportedly cost HK$30 million. It aims to transform Hong Kong into a regional hub for industry talent. The two-storey arena offers training facilities, a competitive arena for a maximum of 80 gamers, television broadcast capability, online streaming platform facilities, and a retail area. The venue will run around the clock and is hoping to attract about 1.2 million visitors and can hold more than 100 e-sports competitions annually.

"eSports is growing rapidly across different countries around the world and has become one of the industries with potential for economic growth," said chief executive Carrie Lam.

"Apart from subsidies, the government will also improve the business environment and remove 'red tape'". I hope the opening of the Cyber Games Arena will further boost the development of Hong Kong's e-sports industry and local economy, offer more opportunities for the innovation and technology industry, and also provide a career for young talents."

Founded by Ryan Chow, Kurt Li and San Wan, the first Cyber Games Arena was built in 2012 at Kowloon Bay. According to South China Morning Post, in 2016, the firm received HK$5 million in investment and expanded to Taiwan.