PHILIPPINE ESPORTS IS HERE.
There is no going back. eSports has arrived. It has set-up shop in the Philippines who have world-class and talented gamers dominating the international arena.
Globe Telecom’s entry into the eSports business through a partnership with globally-renowned group Mineski is further proof that eSports is about to level up further.
With these comes the next challenge: laws and regulations.
As a fast-developing industry with massive cash flow exchanges (prize money ranging from hundreds of thousands to billions, yes – that’s a “b”), it surely will catch the attention of the Government which will likely regulate the sport.
Yes, eSports is recognized as a sport which has grabbed the attention of the Olympics.
It is thus likely that the regulator who will be put to task is the Philippine Sports Commission, the very same agency mandated to assist our athletes when they compete internationally.
Of course, unlike esports where prizes are ridiculously high, traditional sports have not much gained support and attention due to the paltry prizes when compared to their new cousin.
That being said, it would be interesting how the regulator will “regulate” and at the same time get a slice of the pie. After all, to puruse their mandate, they will need money to promote the game and build an ecosystem around it (makes you wonder if they have ever done this for other sports).
Hence, eSports teams and players will likely be subjected to licenses, permits, accreditations, certifications, and so on. Basically, think of all possible ways to “regulate” and in the same vein generate revenue for the agency. We need funds, remember?
Then, there are are the teams. Will there be an association of team owners like the Philippine Basketball Association (PBA)?
Think, there would be eSports teams equivalent to: Ginebra, Alaska, San Miguel Beer, Rain and Shine, and so on. (Depending on which league you choose, you will likely be dated.)
The association would do self-regulation among its ranks as it lays down the rules for qualifications of players, compensation, transfer/trading, and so on. (A LeBron type of player will likely do a lot of free-agency and shift from one team to another in the quest for championship rings.)
The Professional Players
It is now a profession to be professional player. Their compensation and their benefits would be so lucrative that it will attract many.
To be continued…