1 year 1 month ago
Link
The Saudi Arabian government is reportedly planning to invest $38bn into the country's gaming industry.
Most recently, the Saudi government increased its stake in Nintendo to 8.26 percent through the Public Investment Fund, the state's sovereign wealth fund, and it also holds millions of shares in EA and Take-Two.
Savvy Gaming Group, a subsidiary of the Public Investment Fund, hopes to work with the companies it has invested in to "work together on publishing, run their Esports business, or develop new IP together", Savvy's CEO Brian Ward told Bloomberg.