Start-Up Plans Multi-Player E-Sports Gambling Venture
To be launched on June 1, the service will target a huge informal betting culture via organised, multi-player video game competitions that attract millions of physical and online followers and up to $12 million in prize money.
ESportGaming was founded by 24-year-old software developer Jesse Gill and US business partner Rob Dyche, a Dota 2 gaming champion who toured the world as part of a five-member team managed by Gill.
Initially, Gill expects the platform to attract “tens of millions” of bets. “We are aiming to process $100 million to $200 million of transactions within five years,” he says.
But for the time being none of the bets will come from Australians. ESportGaming has a gambling licence from the Caribbean country of Curacao which is not recognised by Australian governments. Instead Gill says the venture will concentrate on Malaysia, Macau and Taiwan, as well as most European nations and Russia and the Ukraine.