Gaming has seen massive industry growth in 2022 due in part to the worldwide pandemic. During the pandemic people had more at-home leisure time on their hands and they put it to good use exploring a wide field of available mobile, online, and multi-player games. They explored social aspects of gaming with private and group chats, and more. Trial turned into regular play and what emerged were new-found passion for gameplay rooted deeply in hearts across the globe. The number of people wanting to observe esports virtually and in-person are also skyrocketing. US Esports viewer figures totaled $25.7 million in 2018 pre-pandemic. Viewers grew to 30.3 million in 2019 and to 34.8 million in 2020. The numbers continue to tick up exponentially. According to Facebook IQ research demographic appeal for gaming is widening too, with more women and both older and younger players getting in the game.
Not surprisingly, esports industry revenue is expected to eclipse $1.5 billion by 2023 and demand for spaces tailor-made for gamers is high. Investors are looking for opportunities to capitalize on the growth. Royal Capital Group is currenly exploring opportunities to raise the bar for live esports experiences with great venues in the United States sure to exceed the wildest dreams of gathering gamers and their growing spectators.
CRE sales growth in the United States through Q1 has increased almost 50% percent over the prior year (2021) according to MSCI — with Retail and Hotel categories driving the highest double-digit growth. Take a moment to review Altis Capital's many retail, hotel and entertainment projects underway in the United States.
At Altis Capital, we invest a great deal of time thinking about economic moat — specifically our business strategy, capital allocation (debt and equity), and leveraged tacit and explicit knowledge. These certainly serve to strengthen our brand's economic moat and are not easily imitable, but the two most strategic competitive advantages at the core of our economic moat are our focus on relationships and experience. People and their personal journey with our brand are our first priority.
Esports industry revenue is expected to eclipse $1.5 billion by 2023 and demand for spaces tailor-made for gamers is high. Investors are looking for opportunities to capitalize on the growth. Altis Capital is currently exploring opportunities to raise the bar for live esports experiences with great venues in the United States sure to exceed the wildest dreams of gathering gamers and their growing spectators.
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