BLAST esports tournament organizers have made significant changes to their code of conduct to prevent fraud for fear of match fixing. BLAST is the leading host for Counter-Strike: Global Offensive (CS: GO) and Dota2 tournaments, which are regularly sponsored by Betway bookmakers. The new rules were designed to prevent coaches from hiding after a scandal that …
Simplicity Esports and Gaming Company (OTCQB: WINR) announced today that it has signed definitive documents to acquire three additional gaming centers from franchisees in California and Washington. The game center, together with previously announced acquisition targets, achieved combined sales of over $ 2,000,000 by 2019. With the completion of this acquisition, Simplicity owns a total of nine company properties and 20 game centers owned by the franchisee. open and work. The franchise’s other 12 game centers remain closed due to government restrictions.
Roman Franklin, President of Simplicity Esports, said, “Social distancing and COVID-19-related capacity constraints have negatively impacted traffic at some of our gaming centers, while others have recorded record member sales for months. One of our company’s game centers in Texas has so far sold 37 new memberships in October.
2020 provides us with an excellent opportunity to invest in gambling center acquisitions while also taking advantage of commercial real estate disruptions that allow us to sign new contracts for five to ten years, calculated as a percentage of gross sales will. The EBITDA acquisition profile is attractive to Simplicity, as the signing of a new lease rate reduces fixed costs the most. This acquisition allows Simplicity Esports to report the total revenue from this gaming center on a consolidated basis. “”
In addition to this completed acquisition, Simplicity has six other non-binding letters of intent to acquire an esports gaming center at a new rental rate from the landlords. The other six acquisitions are expected to be completed by November 15, 2020.