FACEIT explained

FACEIT
Type:Subsidiary
Industry:Esports
Parent:ESL FACEIT Group

FACEIT is an esports platform founded in London in 2012.[1] The company has administered leagues for games such as Counter-Strike 2, League of Legends, Rocket League, Tom Clancy's Rainbow Six Siege, Dota 2 and Team Fortress 2.

In 2022, it was announced that FACEIT and esports company ESL were being acquired by Savvy Games Group (SGG), a holding company owned by Saudi Arabia's Public Investment Fund, for a combined $1.5bn. As part of the acquisition, the two companies are set to merge and form the ESL FACEIT Group.[2] [3] [4]

Esports Championship Series

In April 2016, FACEIT announced the launch of their tournament, known as the Esports Championship Series (ECS).[5] [6] In April 2017, the company partnered with the video sharing platform YouTube for the series.[7] [8] [9] ECS was one of the two premier Counter-Strike leagues, along with ESL Pro League.

The series was discontinued in 2020, replaced by a franchise-based league called Flashpoint.[10] It features 12 teams and a US$2,000,000 buy in spot, and offers co-ownership and revenue sharing to competing teams.[11]

In May 2022, FACEIT announced a multi-million dollar partnership agreement with the cryptocurrency fintech platform Cake DeFi. The agreement sees players participating in FACEIT matchups and tournaments to receive cryptocurrency rewards, with plans to pay more than half a million dollars to FACEIT users.[12]

Results

SeasonDateLocationChampionsPrize poolRef
1June 2016 London G2 Esports945,000[13] [14]
2December 2016 Anaheim Astralis (1)750,000[15] [16] [17]
3June 2017 London SK Gaming[18] [19] [20]
4December 2017 Cancún FaZe Clan[21] [22] [23]
5June 2018 London Astralis (2)[24]
6November 2018 Arlington Astralis (3)[25] [26]
7June 2019 London Team Vitality500,000[27]
8November 2019 Arlington Astralis (4)[28]

FACEIT Major

See main article: FACEIT Major: London 2018.

On 22 February 2018 Valve, the developers and owners of the Counter-Strike series, announced that FACEIT would host the thirteenth Global Offensive major, the FACEIT Major: London 2018. The event began in mid-September and concluded on 23 September 2018. It was the first Major hosted by FACEIT and the first Major hosted in the United Kingdom.[29] It had a 1,000,000 prize pool and the playoff stage was held in Wembley Arena.[30] In the finals, Astralis defeated Natus Vincere to win its second Major title.

Notes and References

  1. News: ESports Startup FACEIT Raises $15 Million, Opens L.A. Office. Spangler. Todd. 26 January 2016. Variety. 11 April 2017. en-US.
  2. News: Wilde. Tyler. 2022-01-25. Major esports host ESL Gaming is now owned by Saudi Arabia. en. PC Gamer. 2022-01-25.
  3. Web site: Jeffrey. Rousseau. 24 January 2022. Savvy Gaming Group purchases ESL Gaming and FaceIt. 2022-01-25. GamesIndustry.biz. en.
  4. Web site: ESL and FACEIT merge to create the world's leading competitive gaming platform . ESL FACEIT Group . 2 March 2023.
  5. Web site: Esports Championship Series The SSE Arena, Wembley. Wembley. The SSE Arena. www.ssearena.co.uk. en. 11 April 2017. 12 April 2017. https://web.archive.org/web/20170412061423/http://www.ssearena.co.uk/events/detail/esport-championship-series. dead.
  6. News: FACEIT announces $3.5million league. HLTV.org. 10 April 2017.
  7. Web site: YouTube has made its biggest eSports investment yet. Business Insider. 11 April 2017.
  8. Web site: YouTube makes its biggest esports bet with FACEIT streaming deal. Anya George. Tharakan. 17 March 2017. The Sydney Morning Herald.
  9. Web site: How do you deal with CS:GO gambling? Legitimize it. 2017.
  10. Web site: CS:GO's new team-owned league points to a different future for esports. Webster. Andrew. 2020-02-05. The Verge. en. 2020-02-05.
  11. Web site: FACEIT to shut down ECS and focus on B Site league - Report. HLTV.org. en. 2020-02-02.
  12. 6 May 2022. FACEIT secures 'multi-million dollar' partnership with Cake DeFi. Esports Insider. 9 May 2022.
  13. News: Sources: G2 nearing deal to acquire Jankos. ESPN.com. 2018-05-16.
  14. News: ECS Season 2: 'If you are not evolving every single show, then you are going to fail'. ESPN.com. 2018-05-16.
  15. News: Astralis win ECS Season 2 Finals. Cooke. Sam. 2016-12-12. Esports Insider. 2017-04-11. en-GB.
  16. News: Teams expected to look sharper at IEM Sydney. ESPN.com. 2018-05-16.
  17. News: ECS Season 2 Finals. HLTV.org. 2018-05-16. en.
  18. News: ECS launches Season 3. HLTV.org. 10 April 2017.
  19. News: Who is the best eSports player of the month?. Red Bull. 2018-05-16. en.
  20. News: ECS Season 3 - Group drawns and schedule announcement. 2018-05-16. en.
  21. News: ECS Season 4 Finals — Faze win the Grand Final over Mousesports. Fragbite.com. 2018-05-16. en-US.
  22. News: FaZe has built an unbelievable CS team. Red Bull. 2018-05-16. en.
  23. News: FaZe Clan take home $250,000 after winning ECS Season 4. Cooke. Sam. 2017-12-18. Esports Insider. 2018-05-16. en-GB.
  24. News: ECS and YouTube to offer viewing incentives for Season 5. Fitch. Adam. 2018-03-20. Esports Insider. 2018-05-16. en-GB.
  25. News: Astralis beat MIBR to win ECS Season 6. HLTV.org. 2018-11-25.
  26. News: ECS Season 6 Finals Schedule, Live Stream, How to Watch. DBLTAP. 2018-11-25.
  27. News: Vitality outclass FURIA to win ECS S7 Finals. HLTV.org. 2019-08-08.
  28. News: ASTRALIS BEAT LIQUID TO WIN ECS SEASON 8 FINALS. HLTV.org. 2019-12-08.
  29. Web site: FACEIT to host next Major in London. Luis. Mira. HLTV.org. February 22, 2018. April 27, 2018.
  30. Web site: FACEIT Brings $1 Million 'CS:GO' Major To Wembley In London. Mike. Stubbs. Forbes. February 22, 2018. April 27, 2018.

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