Saudi Arabia is rapidly assuming a significant financial stake in the gaming industry, with at least 7 big spends this past year. The latest is a $1B investment in the corporation that owns the rights to Tomb Raider.
In May, Crown Prince Mohammed’s foundationAlso in May, the fund secured a 5.01% stake in Nintendo, which the companySaudi officials have said the investments will help modernize the kingdom, but they carry the heavy baggage of the country’s much-criticized human rights abuses.
The highly controversial Crown Prince Mohammed, who chairs Savvy's board, has overseen his country's devastating war in Yemen and been implicated in the brutal assassination of journalist Jamal Khashoggi.in March, Ward distanced the company from the government and argued, with notes, that the kingdom had improved opportunities for women.
Saudi’s deep investments in new sectors nonetheless raise suspicions of a company trying to change — or launder — its reputation, a saga now playing out in the world of golf as the kingdom
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