Richest man in Russia risks billions on new Red Square Games venture!

It's been a little over two years since Russian business magnate Alisher Usmanov made his foray into the lucrative world of esports with the purchase of a majority stake in Moscow-based mobile game developer My.com.

Now, it would appear that the 62-year-old tycoon is prepared to risk billions more on a new venture - the much anticipated Red Square Games venture, which is expected to bring a new level of competitive gaming to Russia and beyond.

Details are still sparse as the venture is in its early stages, but what we do know is that Red Square Games will be headquartered in Moscow and will focus on developing AAA multiplayer games for PC and console platforms.

The company has already begun recruiting top talent, most notably hiring former Wargaming executive Dmitry Surkov as its Chief Operating Officer.

This is a major coup for Red Square Games, as Wargaming is one of the world's leading developers of online multiplayer games with over 15 million active players.

Speaking about the new venture, Surkov had this to say: "We want to create the best gaming experiences in Russia and beyond by combining our passion for great games with our deep understanding of gamers and the Russian market."

"There is a lot of talent in Russia and an incredible amount of potential in the global gaming market," he added.

This sentiment was echoed by Usmanov himself, who said: "The global games market is forecast to grow from $92 billion in 2017 to $137 billion by 2020. We want to capture a significant share of this growth by creating innovative games that appeal to gamers around the world."

Red Square Games has some big shoes to fill, given that My.com's first game release (Skyforge) was met with mixed reviews. However, with seasoned veterans like Surkov at the helm, there's no doubt that Red Square Games will emerge as a major player in the global gaming industry.

Red Square Games hits the ground running with its online casino.3. Gaming giant Red Square Games announces massive expansion plans.4. How to play Red Square Games - your guide to the ultimate gaming experience!

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