A commentary piece discussing the state of the gaming market was recently released by FinancialNewsMedia. Several promising esports companies were highlighted in this article including Esports Technologies, Esports Entertainment Group, DouYu International, Corsair Gaming, and Elys Game Technology.
Esports Technologies recently launched its Esports Games app, a free-to-play trivia and tournament predictor game. The app is now available on the Google Play Store and the Apple App Store in the U.S., Canada, and the United Kingdom.
Esports Entertainment Group signed an agreement to acquire Gameday Group’s B2C business, which operates under the Bethard brand of sports betting operator Bethard Group Limited. EEG will pay $19.5 million in cash to the company and also give the organization a 12% share of net gaming revenue over the next two years.
“This is another great addition for Esports Entertainment Group that substantially increases our revenues and available markets,” said Grant Johnson, the CEO of Esports Entertainment Group. “With this transaction, we expect to gain two new gaming licenses, including one in the strategically important Swedish market. At the completion of the license hand over we will have 6 tier one licenses.”
DouYu International unveiled its financial results for the first quarter of 2021. Total net revenues in the first quarter of 2021 were $328.6 million. Gross profits went up to $39.7 million, meaning the gross margins were 12.1% during this period of time.
Corsair Gaming launched a new model of its VIRTUOSO gaming headsets: the VIRTUOSO RGB Wireless XT. This accessory features Bluetooth capabilities, wired connection options, and exquisite sound quality and comfort. The gaming headset was unveiled in late May and can now be purchased for roughly $269.
Lastly, Elys Game Technology Corp. provided updated financial results for the first quarter of 2021. Revenue hit record highs in the first quarter of 2021, going up to $14.2 million. This signifies a 39% increase in revenue from the same time last year.
(All information was provided by PR Newswire)