Here's your summary from Saudi Arabia Chases Esports Dream With Bigger Prize Pot Than PGA (https://www.youtube.com/watch?v=p-vJ3Gv2gq4) on the Bloomberg Television channel:
**TLDR:** Saudi Arabia is investing in esports to become a global gaming hub, with plans to host 250 gaming companies by 2030 and contribute over $13 billion to GDP.
1. Saudi Arabia is hosting the first ever esports World Cup with a record prize pool of $60 million, aiming to tap into the passion of gamers in the country.
2. Crown Prince Mohammed bin Salman's Vision 2030 agenda includes transforming Saudi Arabia into a major esports hub, with plans for Saudi developers to create homegrown games.
3. Saudi Arabia is also converting royal palaces into luxury resorts to attract tourists and boost the economy, with the first palace set to open in 2025.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro