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Summary

  • Esports Mogul’s share price skyrocketed after it announced a strategic partnership with NASDAQ-listed Super League Gaming Inc.
  • The collaboration between Esports and Super League Gaming will bring together highly complementary technologies to provide better-quality solutions.
  • The two companies will also partner on revenue-generating opportunities.

Esports Mogul’s (ASX:ESH) share price skyrocketed today following an announcement that it had entered a strategic partnership with NASDAQ-listed Super League Gaming Inc (NASDAQ:SLGG). CEO Michael Rubinelli said that the partnership with Super League Gaming was the perfect fit for Mogul and the Company cannot wait to get started.

On 22 October 2020, the ESH shares settled at A$0.023, rising sharply by 67.857%. The Company has a market capitalisation of A$28.60 million.

Let us zoom the lens on Esports Mogul stock:-

About Esports Mogul

ASX-listed esports media and software company, Esports Mogul Limited owns and operates the mogul.gg tournament platform. This platform is one of the leading tournaments and matchmaking platforms across the world with automation for major esports titles.

The platform by Mogul attracts tournament organisers, esports teams, community groups, influencers, game publishers with a centralised esports offering built on an industry-leading tournament along with matchmaking platform.

Mogul’s strategic partnership with Super League Gaming

On 22 October 2020, Mogul announced that it had entered a strategic partnership with Super League Gaming Inc. The Company generates revenue by associating with brands and establishing unique sponsorship-led esports experiences to players.

The partnership between Esports and Super League Gaming will bring together highly complementary technology and a shared vision to offer industry-leading solutions to brands as well as rights holders within esports.

Super League Gaming Inc is a global frontrunner in competitive video gaming along with esports entertainment for daily players across the world.  Super League’s gaming technology suite comprises of patented, automated AI-powered “camera character” game view.

Super League Gaming has grown and continues advancing its superior live broadcast capabilities for delivering live streaming competitive gaming and mass participation events. In such events, players across multiple locations compete at the same time.

The API integration coupled with Mogul’s access to custom matchmaking for major titles provides a topnotch experience for players. The spectating functionality allows Mogul to leverage this further via streaming technology.

The technology offered by Super League will improve this value proposition. This will also facilitate a better tournament experience for players and fans. Moreover, for brands, this will deliver substantial player engagement as well as opportunities for content creation. Both companies have initiated joint business development events in various regions across the world.

Management Commentary

Mogul CEO Michael Rubinelli commented-

Super League Gaming Chair, President & CEO, Ann Hand, commented-

With this partnership, both the companies will also partner on revenue-generating opportunities by offering end-to-end solutions for brands and rights holders through esports streaming and tournament activations.

 

With the pandemic continuing to affect the globe, healthcare companies are evaluating their lead compounds for COVID-19 treatment. Future revenue for these stocks depends on the probability of launching an approved treatment in the market.

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