The operator of Canada’s largest chain of movie theatres is moving further into the world of competitive electronic gaming with US$15-million of investments announced Thursday.
Cineplex Entertainment will acquire the assets of WorldGaming, which has a gaming platform used for tournaments and leagues for the competitive gaming community.
It’s also creating a new competitive gaming league that will operate and oversee future tournaments at Cineplex theatres across the country.
Cineplex says it will invest US$10 million for the assets of WG, which operates WorldGaming, and a further US$5 million to expand the business.
The transaction will provide about C$6.4 million for Difference Capital Financial, which is the majority investor in WG — formerly operating as Virgin Gaming.
