Billionaire business mogul Richard Branson blazed trails in the video game industry in the mid-1990s. Now he’s hoping to do it again.

Virgin Gaming, the new video game unit of Virgin Holdings, begins operations today, acting as a matchmaking and tournament service — s well as a vehicle for people to profit from their gaming skills via cash wagers. The company says it plans to give away $1 million in cash and prizes over the next year.

Read more at Yahoo! Games