MSGF Online Seminar - eSports Competitiveness, Monetization, and Stakeholder Value

co-organized by HKUST-NYU Stern MSGF program and CFA Society Singapore


June 3, 2021 (Thu), 20:00 - 21:30 Hong Kong time

(View your local times in other countries)

Interest in competitive gaming, “eSports” or “eGaming,” is growing exponentially. The global eSports audience is forecast to hit ~650 million by 2023, 65% higher than 2018 levels. Existing eSports stakeholders are moving fast to monetize the passionate fan-base through game licensing fees, advertising, media rights, sponsorships, and merchandising, primarily through the promotion of streamed (but stadium-filling) leagues and competitions. The industry’s ability to monetize these revenues, which exceeded $1 billion in 2019, fundamentally depend on the level of audience engagement. One critical driver of engagement is the level of competition (or unpredictability) of gaming contests. Powerful conclusions have been drawn from studies focusing on the competitiveness-engagement-monetization value chain in professional sports. In this seminar, we will address the current level of competition across leading eSports leagues and considers specific policy/structural recommendations to support increased levels of fan engagement to ultimately rebalance value for key stakeholders.



Speakers:

Joseph Turner (CL2020) is a Vice President in the Restructuring and Special Situations Group at PJT Partners (formerly Blackstone), based in New York. In this role, Joe works directly with clients (companies / creditors / sponsors) to evaluate, structure, and negotiate financial and strategic restructurings. Recent deals have included distressed M&A transactions, capital raisings, credit negotiations (including "rescue financings"), exchange offers and chapter 11 reorganizations. Selected recent clients include Purdue Pharma, Caesars Entertainment Corporation, and The Sports Authority. Prior to PJT's spin-out, Joe worked in Blackstone's London office working on restructuring situations throughout EMEA, particularly in Africa and the Middle East. Prior to Blackstone, Joe worked in Leveraged Finance at Citigroup and Equity Strategy at HSBC, both in London. Joe obtained a First Class Honors degree in Economics from University of Bath, once drove a 1987 Citroen 2CV from London to Mongolia, and has run 11 marathons on 5 continents.



Nieko Kusuma (CL2020) is an Executive Director and Head of M&A Advisory at Mandiri Sekuritas, an investment banking subsidiary arm of the largest financial institutions group in Indonesia, PT Bank Mandiri (Persero) Tbk. Co-managing 15+ investment bankers, Nieko is leading deal sourcing, selection and execution efforts for M&A and structured finance advisory projects within private sectors and state-owned enterprises (SOEs) in Indonesia. He often works in close collaboration with Indonesian conglomerate groups, multiple global institutional investors, private equity and sovereign wealth funds. He is also responsible for expanding cross-border M&A advisory business for Mandiri Sekuritas particularly in the Southeast Asia region. Prior to joining Mandiri Sekuritas, Nieko served as a Vice President at Creador, a regional private equity fund focusing on growth investments in South and Southeast Asia. Prior to Creador, he worked at Deloitte as a Manager in the Financial Advisory Services division. He previously worked for EY as an Associate in Valuation & Business Modeling department. Nieko obtained a Bachelor of Economics from Atma Jaya Catholic University of Indonesia. He is also an FRM charterholder.



Schedule and Rundown:


20:00 Registration

20:05 Welcome and Introduction

20:10 Presentation

20:50 Q & A

21:00 End


To RSVP, please click this LINK


If you have any questions, please feel free to contact Tracy Chau at msgf@ust.hk.



Co-organized by:


CFA Society Singapore