“For the first 2 years of Cowana Gaming we have always tried to be one of the top places to go for players, staff and creators and we have succeeded,” the organization wrote.

“Unfortunately, we also felt the effects of the international crises and a large part of our business was no longer executable.

“The protracted nature of these circumstances has led us to decide to discontinue the trip at the end of the year. We will make sure that any outstanding balances are paid by the end of the year.”

As revealed by the extensive statement on the Twit longer post, Cowana Gaming will be shutting down operations at the end of the year, having cited “international crises” as one of the main reasons for its decision.

The company which was founded in 2018 by Cowana Marketing, a gaming and esports marketing company, is mostly known for its Rainbow Six team. It is also known for its Counter-Strike: Global Offensive team which participated in the ESL Meisterschaft and 99Damage leagues in Germany.

Although the organization did not share any specific details, it revealed that it will pay all outstanding balances before closing its doors.

While Cowana Gaming had shared that “a large part of the business is no longer being executable” due to an “international crisis” which has led the company to discontinue its operations, the company also stated that “the protracted nature of these circumstances” had led them to decide to cancel the trip at the end of 2022.

According to a recent interview held with a German media company, the Chief Executive Officer of Cowana Gaming Michael Wamser, said that the company could no longer finance its esports endeavors solely through sponsorships and partnerships. He added that the venture was not financially viable for Cowana GmbH, the parent company of Cowana Gaming.

Wamser also stated in the interview that a lack of professionalism exists within the esports scene, particularly in Germany,/a>, and that several partnerships the company pursued did not pan out and they often do not provide the necessary funding. Former Cowana employees also shared with the media company that payments to creators often came late.

?More esports news

Just a couple of months after German State Minister of the Interior and for Sports of Hesse, Peter Beuth, went public with his distate of the industry, Alfons H?rmann, the president of the DOSB has followed suit.

H?rmann said this week that “Esport does not exist (as a sport)” and “It will not be included in the Olympic program.”

Beuth and H?rmann are on the same page, expressing strong opposition to any kind of government sport and development of esports programs and esports athletes.

��This congress is about education and health. We want to get the kids into the gym and into the field. Gaming has its value. But it does not belong in a sports organization as such because it adorns itself with a title whose values I miss there,�� Beuth said.

“The idea that the e-gaming industry is vying for funding, I think, is absurd,” H?rmann said.

The comments seemingly go against what is a thriving German eSports industry �� one of the biggest in Europe and around the world. The Electronic Sports League (ESL), based in Cologne, is the world��s biggest and oldest esports company.

Esportbet has reported in recent months that despite Germany’s objections, esports is indeed being discussed at the highest levels in regards to an Olympic Games debut, but concerns over the violence of the industry’s biggest titles remains a sticking point.

When will these old men learn?

The German State Minister of the Interior and for Sports of Hesse, Peter Beuth, has gone public with his distaste of the term ‘esports’, saying it does not warrant being called a sport.

Speaking to athletes a sports congress in Darmstadt, Germany, during the week, Beuth pulled no punches and used a certain term that you think German politicians would refrain from.

��Esports have nothing to do with sports. We need to exterminate that term. I��m not sure yet how moving the thumb and forefinger is supposed to be a sport, even if there��s something moving on the screen,�� said Beuth, according to the Spiel Times.

• Find the best German eSports betting sites here

Beuth was protesting a move from the German Government to acknowledge esports in the sporting union that will see esports athletes benefit from grants, benefits and welfare granted to other sporting professionals representing their nation.

��This congress is about education and health. We want to get the kids into the gym and into the field. Gaming has its value. But it does not belong in a sports organization as such because it adorns itself with a title whose values I miss there,�� Beuth said.

The comments will not make Beuth popular in a country that has been one of the global giants of the industry. The Electronic Sports League (ESL), based in Cologne, is the world’s biggest and oldest esports company.

What do you think? Is eSports worthy of being called a sport? Sound off in the comments section below.