Oomba, Inc has announced today that it has finalized its acquisition of the national location-based entertainment centers, GameWorks. With this merger, the company plans to bring eSports stadium facilities to existing locations, employ Oomba tournament management software and aggressively expand with further GameWorks facilities.

Oomba CEO, Michael Williams stated, "GameWorks is the perfect venue for our vision of eSports Stadiums, VR experiences and hosting 'game night' at GameWorks. We plan to transform GameWorks into the experiential anchor for AAA locations all across America and beyond."

GameWorks management will stay aboard and the combined companies will operate as Oomba GameWorks.

Greg Stevens, GameWorks CEO, commented, "We are thrilled to be a part of the Oomba organization. Mike's exciting vision sets a new course for the location based entertainment business and we can't wait to bring it to life!"

Oomba CFO, Edmund Har, went on to say, "The financial strength and vision of Oomba combined with the operating strength and team at GameWorks will revolutionize location based entertainment. We will continue to build on the positive historical performance of these stores while aggressively expanding into markets we are excited to enter".

It's expected that theeSports Economy will grow to $696 million in 2017, a year-on-year growth of 41.3%. It is further speculated that brand investment will double by 2020, pushing the total market to $1.5 billion. As eSports is becoming engrained in the DNA of successful competitive games, publishers are actively looking to grow their franchises as spectator sports with the aim to engage their current fans, and reach new ones. The Oomba GameWorks enterprise plans to serve exactly this.