Be as elaborate as you can because right now, it's very boring because it's very cliche. I still want to know how this corporation functions.
Here's one kind of conflicting idea I see. If they go around kidnapping and brain washing people, why would they decide to be legit and hold a tournament all of a sudden? Also, how do they kidnap people and get away with it? Family members have to realize their relatives are missing (perhaps not always finding them, but there's still a chance).
Once again, the details are just too foggy for me to pass judgment on. The plot is not too original, but that isn't a problem if you can build some strong characters and make the world unforgettable.