The Real Deal - New York Real Estate News

Ready players: 5M-sf e-sports complex rises in Shanghai

Posted: 16 Jan 2021 09:00 AM PST

A nearly 5.4-million-square-foot e-sports complex will be built in Shanghai, meant to solidify the city as the center of the competitive gaming industry. Work has begun on the Shanghai International New Cultural and Creative E-Sports Center, expected to cost nearly $900 million, according to CNBC. “E-sports” refers to both competitive video games and the wider industry that’s emerged around them. That industry generated about $1.1 billion last year, according to games market research firm Newzoo,