Yet another major pro gaming tournament organization has shut its doors. This time it's the Championship Gaming Series which was co-funded by the DirecTV satellite TV service (it also televised CGS tournaments). First announced in 2006, the organization was world-wide in scope, holding tournaments around the globe in 2007 and again in 2008, with the World Finals held in July of this year.
As usual the reason for the shutdown is a old one; lack of money. According to the official statement, "...profitability was too far in the future for us to sustain operations in the interim." Last year we saw the World Series of Video Games shut down dispite sponsors like Intel and a CBS TV deal. Last March the Cyberathlete Professional League also shut its doors. However the CPL could be staging a comeback via new owners.