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Malaysia Invests $4.4m in Esports in a Single Day

Malaysian esports got a major leg-up. The country got two unrelated investments of $2.4 million targeting competitive video gaming directly in the same day. Razer did one of the donations whereas the other was allocated from the government’s budget.

Razer Expands Esports Influence

Razer, the gamer’s lifestyle brand and hardware maker, has decided to invest in the spur of the moment. As a result, Malaysia is getting $2.4 million in dedicated esports investment by Razer CEO Min-Liang Tan, following a similar donation (to the tune of $2.4 million as well) from the Malaysian government.

Malaysia has repeatedly sought to back esports development in the country as government officials see the industry as a gateway to a brighter future for youth. It’s via video games that they have been teaching people computer coding, and the country has a dedicated state-owned entity, which deals with the development of the digital economy, no small part of which is now focusing on the segment.

The Malaysia Digital Economy Corp (MDEC) now has $4.4 million on its hands to act the further development of the industry. According to MDEC’s executive, Budget 2019 is far more supportive of esports, and Malaysia is more likely to transform itself into a digital hub for both competitive video gaming and the video-creation industries.

Malaysia also anticipates the inclusion of esports in the 2022 Asian Games, after several games were featured in the now-finished 2018 edition as demonstration games.

In donating the money, Min-Liang Tan was responding to a Tweet by Youth and Sports Minister, Syed Saddiq who broke the news about the government’s increased involvement via.

The news was met with a flurry of excitement among the country’s gamers who flocked to social media and shared across multiple platform.

Malaysia’s Success as Esports Destination

Malaysia is slowly shaping itself as a country that is coming in the cross-hair of international competitions. On November 9, the Group Stage of the Kuala Lumpur Dota 2 Major will kick off and bring huge interest with people tuning in to watch professional MOBA gaming at the highest level.

MOBA is a term that refers to the genre of Dota 2, which stands for Multiplayer Online Battle Arena (MOBA). Meanwhile, the State of Selangor, Malaysia, sponsored for yet another year the so-called Selangor Cyber Games, which brought in international broadcasters and esports personalities for their 2016th edition.

Malaysia currently has as many as 2.4 million esports enthusiast, a term used to refer to people who are interested in the segment in one form or another. They may be casual gamers, viewer, or aspiring professional athletes involved in a competitive video gaming title.

The government support and the private investment that continues to flow into the country are two important prerequisites for creating one of the most-developed economies in SEA. Many organizations, including Geek Fam, a local self-starter esports company, have been developing a successful string of events to give the industry even more exposure.

With the upcoming Dota 2 competition, Malaysia will once again appear on the maps.

Rachael Price

Rachael is a veteran gaming journalist with over 9 years of writing experience but has only just started within the gambling industry. She has built a keen interest within the iGaming sector over the years from exposure at events.