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Second tranche takes Luckbox financing to $4.5m CAD

George Miller

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Second tranche takes Luckbox financing to $4.5m CAD
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Dedicated esports betting platform Luckbox has completed a second tranche of funding, attracting a further $627,650 CAD from investors.

It takes the total raised in the offering to date to $4,505,874 CAD, after a first tranche was completed with proceeds of $3,878,224 CAD.

Luckbox is a licensed platform providing real-money betting on 13 esports to fans in more than 100 territories across the world. The company has enjoyed a highly successful first half of 2020, with the Covid-19 lockdown prompting a surge in esports betting activity.

The offering was heavily oversubscribed and subsequently upsized from the previously announced range of $2,000,000 CAD to $3,000,000 CAD.

Last month, it was announced that Luckbox had signed a letter of intent with Elephant Hill Capital Inc (TSXV: EH.P), a capital pool company, with the intent to list on the TSX Venture Exchange.

Luckbox CEO Quentin Martin said: “Esports has been one of the few industries to thrive during the Covid-19 outbreak and its enormous potential has been brought into sharper focus. Investors have clearly taken note and their support for us puts us in an even stronger position to accelerate our growth plans.”

Mo Fazil, President and CEO for Elephant Hill said: “As evidenced by the oversubscribed subscription receipts offering, we continue to be enthusiastic about our proposed business combination with Luckbox.

“The esports market continues to expand with each passing month and Luckbox is positioned to be one of the leading esports betting companies in an exciting growth industry.”

 

eSports

BETBY ADDS NEW TITLE TO BETBY.GAMES PORTFOLIO

George Miller

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BETBY ADDS NEW TITLE TO BETBY.GAMES PORTFOLIO
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Sports betting supplier BETBY has further expanded its Betby.Games offering with an esports variant of Rocket League.

BETBY is set to offer unique markets and betting options on the popular arcade-style vehicular soccer game, which has garnered fans around the world.

The new title will join Football and Basketball in the supplier’s expanding selection of esports products, joining live games alongside the provider’s innovative sportsbook offering. Tennis and combat sports competitions are currently in development to be added to the growing titles.

BETBY’s portfolio is live with customers across the globe, excelling in high-growth markets and with customers desiring agile, customisable platforms to suit the needs of regulation within their jurisdiction.

The entire BETBY esports collection can be smoothly and swiftly integrated and active for an operator via an API integration.

Leonid Pertsovskiy, Chief Executive Officer at BETBY, said: “We are delighted to be adding another exciting title to our Betby.Games line of products with the addition of yet another esports event.

“Esports has seen an impressive surge in interest recently and it continues to be one of the fastest growing verticals in the industry. Our multi-product approach continues to bear fruit and we can’t wait to see how our new game is received, with plenty more in the pipeline too, so watch this space!”

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eSports

Haval and Virtus.pro announce partnership

George Miller

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Haval and Virtus.pro announce partnership
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Cutting-edge automotive brand enters the esports territory

Haval has become the exclusive automotive sponsor of the most decorated esports club of Russia and CIS – Virtus.pro. The first of its kind massive-scale partnership is aimed at the first esports club’s Dota 2 roster.

Automotive brand Haval and professional esports club Virtus.pro announce the beginning of the partnership starting on 1 July 2020. Haval will support Virtus.pro players in the official professional games in Dota 2, multiplayer online videogame. This marks the esports debut of the cutting-edge automotive brand Haval – an entry to one of the most rapidly developing contemporary sports.

Jerome Saigot, CEO of “Haval Motor Rus”: “Haval brand is founded on the state-of-the-art technologies. As devotion to innovation spans across all our ventures, we are excited to announce the beginning of our partnership with such a renowned esports collective like Virtus.pro. We share the same ideas when it comes to self-improvement and love of discovery. We hope to see memorable tournaments ahead – and, of course, well-deserved victories.”

Sergey Glamazda, Virtus.pro General Manager: “Esports fans are the youth who value cutting-edge tech and high emotions, and as such, there’s no doubt Haval will easily create a link with the gaming community. Our club, Virtus.pro, is beloved by the Russian community and respected in China, which makes this partnership a logical step towards mutual benefit. We are happy to see Virtus.pro be the first pick for the global automobile brand Haval’s esports debut!”

LLC “Haval Motor Rus” is the exclusive distributor of Haval cars and spare parts in the Russian Federation. The company has been operating since February 2014, the first official Haval dealership was opened in Moscow in June 2015. Currently, 83 dealerships Russia and 1 dealership is opened in Minsk, Belarus.

The Russian Haval plant is the first foreign full-cycle production enterprise. A 216-hectare plant is located on the territory of the “Uzlovaya” Industrial Park in the Tula Region and was opened on June 5, 2019. The production complex includes a stamping, welding, painting and assembly workshop, as well as a component manufacturing workshop. The plant was designed with modern engineering solutions in the field of environmental protection, energy conservation and safety. Currently, these models are produced at the plant – Haval F7 and Haval F7x smart crossovers, Haval H5 and the HAVAL H9 frame SUV.

ESforce Holding is one of the biggest esports organizations in the world and the leader of the Russian esports. The holding encapsulates all esports business sectors: from organizing international tournaments and creating professional content to publishing and advertising.

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eSports

Epic Esports Events ranked 15th among the 50 best event companies in the world by Global Eventex Awards

George Miller

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Epic Esports Events ranked 15th among the 50 best event companies in the world by Global Eventex Awards
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Tournament organizer Epis Esports Events took the 15th place in the international rating by Global Eventex Awards. Every year, the organizers of the professional award in the field of event management select the top 50 best organizers and agencies: the Eventex index is a list of companies, places in which are determined by the total number of points for awards won at the Global Eventex Awards over three years.

Tournament operator Epic Esports Events and the EPICENTER Major 2019 tournament were awarded Gold, Silver, and Bronze prizes at the 10th-anniversary edition of Eventex Awards 2020. EPICENTER organizers won prizes in 5 categories:

  • Gold in the “Russian Event” and “Brand Experience – Leisure” categories;

  • Silver in the “Esports Event” category, second only to The International 2019;

  • Bronze in the “Event Team” and “People’s Choice Agency/Team” categories — in the latter, the decision was made not by the jury, but by open voting, which was attended by 5,300 people from all over the world.

A year earlier, EPICENTER XL won first place in the “Russian Event” category.

A full list of the top 50 event organizers and agencies can be found here: eventex.co/index/

 

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