Why Vindex will invest $300 million in esports gaming arenas

Posted byby Dean Takahashi
August 9, 2020
Updated June 20, 2025
15 min

Mike Sepso and Sundance DiGiovanni were ahead of their time when they started the esports tournament company Major League Gaming in 2002. They persevered through a long winter and sold MLG to Activision Blizzard in 2015. There, Sepso helped design the Overwatch League.

Now they’re on to a second act with Vindex, an esports investment holding company that got off the ground last year. Last week, they acquired the Belong Gaming Arenas brand from U.K. retailer Game, and they hired Game Digital CEO Martyn Gibbs to manage a larger rollout of the Belong Gaming Arenas.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.