The World Series of Video Games has announced that it is cancellling the remainder of its scheduled events. Series organizer Games Media Properties cited growing competition in the professional gaming circuit as a major factor. “We have been grateful for the generous support provided by Intel and other sponsors since our inception,” the company said in its announcement. “However, the continuing challenges of securing adequate revenues to sustain the production of the WSVG’s large scale events and television programming, in a very crowded field of competitive gaming leagues, has prompted us to re-evaluate our direction as an organization. Unfortunately, the decision is to cancel the remainder of the WSVG season, as we shift our focus solely to growing our online advertising network of websites.”
Games Media Properties said it would pay all previous prize winners and refund entry fees it has received for scheduled events in Los Angeles, London and Sweden .
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