On April 23rd, Simplicity Esports and Gaming announced it opened recently acquired gaming centers in Fullerton, CA and Vancouver, WA, making 14 out of Simplicity’s 15 gaming centers open and operational. As of April 22nd, six locations are operating at 100% capacity, one at 75% capacity, seven at 50% capacity, and one at 25% capacity.
“We recently announced a record quarter for revenue for the period ended February 28, 2021. Six of our corporate-owned gaming centers were not open the full quarter, and the rest were operating at some limited capacity,” said Simplicity Esports CEO Roman Franklin. “We plan to continue with strategic gaming center acquisitions, as well as construction of new locations, throughout 2021. Assuming no new material COVID-19 restrictions, I believe corporate-owned gaming center profitability is achievable in the near term, as all of our corporate locations have percentage rent lease agreements with the respective landlords.”
Simplicity Esports did announce it intends to list common stock and warrants on the NASDAQ Capital Market or the New York Stock Exchange. There is no guarantee that the listing application will be approved.
Simplicity Esports is a well-known brand in the gaming industry. Some of the titles they support include Apex Legends, PUBG Mobile, Overwatch, League of Legends, and several EA Sports games.
(All information was provided by Globe Newswire and Yahoo! Finance)
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