Esports Is Becoming Big Business for Game Makers

Activision Blizzard (NASDAQ: ATVI) is nearing completion of a dedicated esports venue in the Los Angeles area that will host the first season of the Overwatch League. The venue is the former studio for Johnny Carson and Jay Leno's The Tonight Show and now it will be the home of a sporting revolution in video games.

The LA arena comes on the heels of MGM Resorts (NYSE: MGM) announcing an esports arena with Allied Esports at the Luxor Hotel and Casino in Las Vegas. This could just be the beginning of esports arenas as the industry kicks off a big expansion to try and compete with other sports on the global stage.

Image source: MGM Resorts.

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Source: Fool.com