China esports sector to rocket by 2020

The Chinese eSports sector is expected to reach 350 million users and $1.5 billion in market size in 2020, according to a report from Chinese gaming conglomerate Tencent, released on Tuesday.

According to China Money Network, which had access to the report, the eSports sector in China grew to RMB 5 billion with a user base of 250 million in 2017. Continue reading “China esports sector to rocket by 2020”

Stanley Ho steps down from SJM

Stanley Ho, known as the founding father of Macau’s gaming industry, will step down from his position as chairman and executive director of SJM Holdings after the company’s annual general meeting in June.

In a filing with the Hong Kong Stock Exchange, SJM said Ho will be appointed as chairman emeritus to acknowledge his contributions to the company. Continue reading “Stanley Ho steps down from SJM”