$280 Million ESports Complex Opens in China
The Chinese city of Hangzhou has opened a $280 million eSports complex.
According to Chinese media reports, one of the first venues to open in the complex is an eSports venue for LGD Gaming, which will serve as the organization’s home venue for its League of Legends team in the League of Legends Pro League.
LGD signed a partnership deal with Allied Esports to build its venue in Hangzhou. Allied Esports is a global esports venue company that has built and operates several arenas around the world, including the HyperX Esports Arena Las Vegas.
The Hangzhou arena is the fourth facility Allied Esports has opened in China—with the others located in Tianjin, Shenzhen, and Beijing.
Hangzhou’s city government has also announced plans to build 14 eSports facilities in the city before 2022. A budget of up to $2.22 billion has been estimated or the project, which will include an eSports academy, eSports-themed hotel, theme park, a business center, and a hospital designed for eSports players, according to local reports.