- Simplicity Esports And Gaming Co (OTC: WINR) acquired the assets of a gaming center formerly owned by a PLAYlive Nation franchisee in Vancouver, WA, marking the company’s fourteenth corporate-owned gaming center and eighth on the West Coast.
- The location was initially opened in 2013 with a database of over 17,000 unique customers.
- The Vancouver gaming center is expected to reopen in mid-April.
- The financial terms of the transaction were not disclosed.
- Last week Simplicity Esports inked multiple deals, including sponsorship and sublicensing agreement with its Brazilian subsidiary, Flamengo Esports, aggregating to $200 thousand.
- Simplicity Esports aims to capitalize on the lockdown-induced commercial real estate market disruption to forge esports gaming center partnerships with landlords to drive higher footfall at their malls.
- It held cash and cash equivalents of $0.543 million as of Nov. 30, 2020.
- Price action: WINR shares traded lower by 6.83% at $13.75 on the last check Monday.
Simplicity Esports Acquires Vancouver's Esports Gaming Center For Undisclosed Sum
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.