E-sports Platform Developer Lists On The Australian Stock Exchange

E-SPORTS PLATFORM DEVELOPER LISTS ON THE AUSTRALIAN STOCK EXCHANGE

25th November, 2016 at 22:49:59
Source: http://www.azonlinecasinos.com

Focus on the Asia Pacific market motivates eSports Mogul.

A new company has listed on the Australian Stock Exchange at 3 cents a share with a mission to develop a subscription-based eSports gaming platform and take advantage of the booming market for the genre, which it claims is currently worth A$1.6 billion.

eSports Mogul founder Gernot Abl has already raised A$7 million from investors and says that the new capital will be used to develop the platform and market it, initially in Australia and Singapore. Tournaments will be with the collaboration of eSports Hero, with which Abl has signed a 10-year partnership agreement.

Titled ESM Media Hub, eSport Mogul's subscription-based platform, will provide access to tournaments, a learning academy, merchandising system and other eSport-related content.

The company has undertaken a reverse takeover of junior iron ore explorer Volta Mining, and revealed in its prospectus that its business is yet to be fully commercialised, and the company has only made losses to date.

Because the company intends to continue investing in sales and marketing to draw customers to the ESM Media Hub, the directors anticipate making further losses in the foreseeable future.

Related News Tags:



« News index »



ONLINE GAMBLING RING SENTENCES HANDED DOWN IN VIETNAM

15th March, 2017 at 05:41:33
64 persons, including alleged Singapore national ring leader, punished after being arrested late 2015.

NEW INDEPENDENT DIRECTOR JOINS I.G.T. BOARD

09th March, 2017 at 16:57:00
Heather J. McGregor CBE has enjoyed a distinguished career in business.

AUSTRALIANS BIGGEST GAMBLING LOSERS PER CAPITA

16th February, 2017 at 05:03:31
Global data ranks countries in terms of gambling losses.

JUVENTUS NAME VWIN AS REGIONAL PARTNER

17th January, 2017 at 19:13:35
Provides extensive promotional opportunities across Asian region.

SINGAPORE RETAIL BETTING SHOPS HIT BY SYSTEMS FAILURE

11th January, 2017 at 09:58:19
88 shops and 4 LiveWire venues impacted by 2-day hiatus in sports betting and payments.