Good from the coloring, but I would not use two different fonts in the logo. Try setting the 'Arsenal' to the font of the rest.
Actually I'd change Arena and Combat to the other, the font isn't very easily read.
Personally I don't care for the over and under subtitling as it reads funny. Arena Arsenal Combat is what I see. I'd put the Arena Combat subtitle under the large Arsenal sign.
Outside of that it's shiny and cool looking.