Briefing

E-sports team owner OverActive Media plans $500M, 7,000-seater Toronto stadium

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The Exhibition Place facility will open in 2025, the firm said. OverActive owns Toronto’s Ultra (Call of Duty) and Defiant (Overwatch) professional gaming teams. The complex will include a hotel, and is also designed to host concerts and live events. (The Logic)

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Talking point: OverActive said the arena will be privately financed. It’s the second such development recently contemplated—Rogers Communications and Brookfield Asset Management have reportedly discussed replacing the Rogers Centre with a new stadium, and without government money. OverActive would fill some of the dates on the new arena’s schedule with its teams’ home fixtures. Its plan still requires the approval of city council and Exhibition Place’s board. Hosting e-sports has proven less successful for other Canadian entertainment firms. Cineplex bought WorldGaming in September 2015 and held tournaments at its theatres, but sold the division in June 2020 for “a nominal amount.”