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Saudi Arabia’s Savvy Games Group to Invest $37.8 Billion

"Savvy Games Group is one part of our ambitious strategies aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030," Crown Prince Mohammed bin Salman said. Asharq Al-Awsat
"Savvy Games Group is one part of our ambitious strategies aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030," Crown Prince Mohammed bin Salman said. Asharq Al-Awsat
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Saudi Arabia’s Savvy Games Group to Invest $37.8 Billion

"Savvy Games Group is one part of our ambitious strategies aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030," Crown Prince Mohammed bin Salman said. Asharq Al-Awsat
"Savvy Games Group is one part of our ambitious strategies aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030," Crown Prince Mohammed bin Salman said. Asharq Al-Awsat

Saudi Arabia's Savvy Games Group said it will invest 142 billion riyals ($37.8 billion) in initiatives aimed at making the Kingdom a global hub for gaming.

The investments will include 70 billion riyals to take several minority stakes in companies that support Savvy's game development agenda and 50 billion riyals to acquire "a leading game publisher to become a strategic development partner".

Another 20 billion riyals will be invested in mature industry partners who bring expertise to Savvy's portfolio and 2 billion riyals will target industry disruptors "to grow early-stage games and esports companies."

"Savvy Games Group is one part of our ambitious strategies aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030," Crown Prince Mohammed bin Salman said Thursday.

"We are harnessing the untapped potential across the esports and games sector to diversify our economy, drive innovation in the sector and further scale the entertainment and esports competition offerings across the Kingdom."

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Lewis Hamilton Paces Both F1 Practices on Opening Day of Las Vegas Grand Prix

HOLLYWOOD, CALIFORNIA - NOVEMBER 18: Lewis Hamilton attends the Los Angeles premiere of Paramount Pictures' "Gladiator II" at TCL Chinese Theatre on November 18, 2024 in Hollywood, California. Matt Winkelmeyer/Getty Images/AFP
HOLLYWOOD, CALIFORNIA - NOVEMBER 18: Lewis Hamilton attends the Los Angeles premiere of Paramount Pictures' "Gladiator II" at TCL Chinese Theatre on November 18, 2024 in Hollywood, California. Matt Winkelmeyer/Getty Images/AFP
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Lewis Hamilton Paces Both F1 Practices on Opening Day of Las Vegas Grand Prix

HOLLYWOOD, CALIFORNIA - NOVEMBER 18: Lewis Hamilton attends the Los Angeles premiere of Paramount Pictures' "Gladiator II" at TCL Chinese Theatre on November 18, 2024 in Hollywood, California. Matt Winkelmeyer/Getty Images/AFP
HOLLYWOOD, CALIFORNIA - NOVEMBER 18: Lewis Hamilton attends the Los Angeles premiere of Paramount Pictures' "Gladiator II" at TCL Chinese Theatre on November 18, 2024 in Hollywood, California. Matt Winkelmeyer/Getty Images/AFP

Seven-time Formula 1 champion Lewis Hamilton paced both of Thursday night's practices at the Las Vegas Grand Prix just two weeks after one of the worst races of his career.
The Mercedes driver was despondent over his performance in Brazil when he intimated after the race he wasn't even sure he wanted to finish the final three races of the season. Hamilton is moving to Ferrari at the end of the season.
“I didn’t really want to come back," Hamilton said in Las Vegas of his Brazil performance, where he struggled with the handling of his car, called it “undriveable” and “the bumpiest ride ever” after finishing 10th, The Associated Press said.
“If this is the last time that I get to perform, it’s a shame it wasn’t great, but (I’m) grateful for you,” Hamilton said on his team radio after the race.
Hamilton clarified those remarks in Las Vegas, explaining how frustrated he was by the Brazil performance.
“In the moment, that’s how I felt," he said. “I didn’t really want to come back after that weekend, but I think that’s only natural. It’s frustrating when you have a season like this, which I’m pretty sure I won’t have again, or at least I’ll work towards not having again. It wasn’t a great feeling in that moment but I’m here, I’m standing strong, and I’m going to give it absolutely everything for the last few races.”
He proved he can bounce back as he led both the first and second practice sessions Thursday in Las Vegas. He was followed in second practice by championship contender Lando Norris of McLaren and Mercedes teammate George Russell.
Max Verstappen, who only needs to finish three points ahead of Norris on Saturday night, was 17th in the second practice.
Hamilton and Russell went 1-2 in the opening practice, with Norris third. Verstappen was a more respectable fifth for Red Bull.