Simplicity Esports and Gaming Company recently announced that it acquired a gaming center in Vancouver, Washington that was previously owned by a PLAYlive Nation franchisee. The venue, which broke ground in 2013, is expected to reopen later this month.
“The Vancouver location is our fourteenth corporate-owned gaming center and eighth on the West Coast. We plan to continue with strategic gaming center acquisitions as well as construction of new locations throughout 2021,” said Simplicity CEO Roan Franklin. “The disruptions in the commercial real estate market, due to COVID-19 lockdowns have created an amazing opportunity to partner with landlords that are enthusiastic about our esports gaming centers being an experiential draw to increase foot traffic for their malls. I expect Vancouver and our other corporate gaming centers with percentage rent leases to be profitable within the first 30 days of operating at full capacity.”
This comes after Simplicity Esports announced a number of new deals. In early April, the company signed a sponsorship and sublicensing agreement with its Brazilian subsidiary, Flamengo Esports totaling $200,000.
(All information was provided by Yahoo! Finance)