Turkey’s booming eSports market

Posted in Corporate, M&A and securities Technology and innovation Compliance

While people argue whether eSports, i.e., competitive and organized video gaming, is actually a sport, the industry is expected to grow by more than US$1bn in revenue this year, which is a 26.4 percent boost from 2018. It is predicted that the industry will keep growing. To give an example, the 2018 finale of the League of Legends (LOL) World Championship, which has approximately 100m monthly players, was viewed by more than 200m people and the total number of hours of LOL views on streaming sites is over one bn. In the first quarter of 2019, the amount of prizes won at eSports competitions totalled nearly US$32.8m6.

The approach to eSports and online gaming is no different in Turkey. Turkey has the youngest population compared to countries in the European Union7 and half of the population is under 32. These figures, as well as statistics regarding the rise of eSports in Turkey, make the country very enticing for eSports investments.

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Turkey offers significant growth potential to international investors and developers, in addition to domestic businesses. Our understanding of the legal, economic and political landscape in Turkey is second to none and we understand that changes impacting your business can arise rapidly and vary significantly across the region.

Through Inside Turkey, we aim to keep you updated on domestic and international developments, as well as providing insights into how to navigate the current market across key industry sectors. Inside Turkey will also feature legal developments outside of Turkey that affect Turkish companies doing business abroad.

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