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Enthusiast Gaming Announces Q2 2020 Financial Results

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Enthusiast Gaming Holdings Inc. has announced its financial results for the second quarter of 2020. All financial information is presented in Canadian dollars unless otherwise indicated.

Q2 2020 total revenue was $7.0 million, compared to $7.1 million for the three months ended March 31, 2020. Q2 revenue exceeded management’s expectations, driven by the Company’s media division outperforming amidst the COVID-19 pandemic. Annualised revenue per viewer in Q2 2020 was $0.12 increasing from $0.10 in Q1 2020.

Q2 2020 gross margin was 46%, compared to 46% in Q1 2020 and 34% in Q4 2019. The increase in gross margin in the current year as compared to Q4 2019 is attributable to the growth of higher margin revenue streams including direct sales and subscriptions, which are expected to continue to grow. Viewer engagement increased 35% to 3.1 billion page views across the media platform, as compared to 2.3 billion page views during Q1 2020.

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Net loss in Q2 2020 was $5.2 million and net loss per share was $0.07. Net loss includes $1.4 million of interest and accretion, $1.1 million of amortisation and depreciation, $0.3 million of share-based compensation and a deferred income tax recovery of $0.4 million. The Company ended Q2 2020 with a strong cash position of $8.4 million.

“I am pleased with our strong Q2 performance, even against the backdrop of a global pandemic which negatively affected advertising rates across the board. It was exciting to see our direct sales team emerge as a valuable contributor to both revenue and margin, as well as our Pocket Gamer events successfully move online. Our media revenue growth was further strengthened by a surge in subscriptions and an increase in ads served, and this momentum in our different revenue streams continues into Q3,” Adrian Montgomery, CEO of Enthusiast Gaming, said.

“Our Q2 results follow the transformational acquisition of Omnia Media announced last week. Acquiring Omnia will not only change the entire landscape of our business, but will also add immediate value both operationally and financially across every aspect of our platform, which will start to be reflected next quarter. The combination is highly complementary with our key priorities, and we look forward to working with Omnia’s experienced team as we integrate the businesses,” he added.

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BETER and BVGroup extend partnership on global Esports coverage

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BETER, the leading provider of next-gen betting content and data covering sports and Esports, has extended its partnership with BVGroup, the top-flight online betting operator and B2B technology solutions provider.

According to the deal, BVGroupā€™s brands, including BetVictor, Betano UK and others, will be provided with BETERā€™s Esports Odds Feed, an end-to-end trading solution which covers 450+ esports tournaments worldwide with the highest odds uptime in the industry of 90%+.

This means that their players will get access to odds for more than 40,000+ live and pre-match events per year, further enriching and improving their Esports wagering experience with the brand.

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Odds are calculated using official data and compiled by BETERā€™s in-house team of expert Esports traders for in-demand disciplines such as CS2, Dota 2, League of Legends, Valorant and many more.

The extended partnership further establishes BETER as the go-to provider of Esports content and data for the biggest operators in the business. Indeed, the providerā€™s fast-betting experiences have proved to be a big hit with significant player groups such as Millennials and Gen Z.

BETER and BVGroup have a longstanding partnership in place with the operator offering the providerā€™s proprietary ESportsBattle tournaments, which cover eFootball, eBasketball, eHockey and CS2, as well as Setka Cup table tennis tournaments to its players. Combined, this gives players access to more than 45,000 monthly events.

Gal Ehrlich, CEO of BETER, said: ā€œWe are thrilled to have strengthened our partnership with our good friends at BVGroup and for its brands to provide players with an enhanced Esports betting experience.Ā 

ā€œEsports betting is a significant vertical in its own right with players demanding a great selection of markets and the best-priced odds. By combining official data with expert traders, we can provide our partners with highly accurate odds for Esports tournaments worldwide.Ā 

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ā€œWe have already enjoyed a hugely successful partnership with BVGroup, but this enhanced agreement will really take it to the next level.ā€Ā 

Eoin Ryan, Director of Sportsbook at BVGroup,Ā added: ā€œBETER has proved to be one of our most important partners, allowing us to deliver fast betting content to players at our sportsbooks.Ā 

ā€œThe success of this made us want to deepen our collaboration by taking the providerā€™s global Esports data and odds, allowing us to offer bets on more than 40,000 events across major disciplines such as CS2, League of Legends, Valorant and others.Ā 

ā€œItā€™s partnerships like this that ensure our sportsbooks remain the go-to sports and Esports betting brands of choice for players in core markets across the world.ā€Ā 

The post BETER and BVGroup extend partnership on global Esports coverage appeared first on European Gaming Industry News.

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PandaScore boosts Amelcoā€™s esports offering with sportsbook integration

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PandaScore, the award-winning provider of esports odds, stats and betting products, has signed a major deal with leading sportsbook and platform provider Amelco, as the supplier looks to enhance its esports betting offering.

Established as one of the worldā€™s leading sportsbook and platform providers, Amelco is the partner of choice for the likes of Fanatics, Hard Rock Bet, Entain, BET99, and Flutter Entertainment.

Under the deal, Amelco will integrate PandaScoreā€™s full suite of esports solutions into its offering. This will include its odds and stats, as well as its esports betting products such as its Bet Builder, Player Props and Micro Markets.

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PandaScoreā€™s odds feed is powered by a sophisticated model that leverages AI and is backed by a team of experienced traders, with specialist traders for certain disciplines. This covers the likes of CS2, Dota 2, LoL and Call of Duty.

Amelco will also benefit from PandaScoreā€™s stats offering which provides real-time statistics for LoL, CS2, Dota 2 and all major esports titles. This includes extensive in-depth data points coverage, delivered in real-time with just 300ms latency from the original stream.

When combined with PandaScoreā€™s innovative Player Props, Bet Builder and Micro Markets, it makes for the complete esports offering, allowing Amelcoā€™s operator partners to offer an even wider selection of Esports than ever before.

Oliver Niner, Head of Sales at PandaScore, said: ā€œAmelco is a top-tier technology company and platform supplier and understands the need to provide its customers with a proven esports betting solution and thatā€™s exactly what PandaScore offers.

ā€œThe demand for esports betting is big ā€“ and only getting bigger ā€“ with more operators now wanting to make a play in the space. To do this, they need to be able to offer an authentic betting experience and Amelco can now provide this to its partners using PandaScoreā€™s award-winning solutions.ā€

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Brandon Walker, Head of Business Development at Amelco, added: ā€œEsports betting is a huge business, and as one of the worldā€™s most comprehensive sportsbook and platform providers, we want to ensure we offer our operator partners the very best.

ā€œWeā€™re excited to be partnering with PandaScore to boost our esports offering even further, and we see this partnership as a fantastic way to bring even more value to our offering. We look forward to many successful years of working together.ā€

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BETER and GRID Bring Advanced Data Visualizations to Esports Betting

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BETER, the leading provider of betting content and data, and GRID, a first-party esports live data provider, extend their partnership to bring advanced data visualizations to BETERā€™s esports offering, enhancing the betting experience for allĀ  enthusiasts around the globe

GRID widgets include visualizations such as The Map Winner Prediction Tracker, Series Scoreboard, LiveLog, and Comparison Widgets. The integration will also see a recently released GRID Stats Widget integrated into the BETER betting solutions, displaying various customizable statistics such as win rate, damage per round, First 5 kills, headshots, and many more.

Designed to be game title-agnostic, the GRID Widgets display real-time stats. They can be powered by any data source for any game in any genre, making them an entirely universal tool for data visualization across all esports content.

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This new integration of data visualization will help bettors make more informed betting decisions and significantly increase their understanding of the game and its progress before, during, and after the game is live.

The widgets are versatile and fully customizable to match any partnerā€™s branding and ensure the best experience can be scaled across mobile and desktop platforms.

Chuck Robinson, Chief Revenue Officer at BETER: ā€œWe are excited to expand our partnership with GRID, bringing advanced data visualizations to our esports offering. This collaboration allows us to offer our partnersā€™ customers a more immersive and engaging betting experience, helping them interact with esports on a whole new level. By leveraging GRIDā€™s real-time data and customizable widgets with comprehensive statistics, weā€™re setting a new standard in the betting landscape, ensuring that BETER continues to lead the way in innovative esports betting solutions.ā€

Mikael Westerling, Chief Sales Officer at GRID: ā€œTogether with BETER, we share a common vision for how the esports betting experience should be designedā€”immersive, authentic, interactive, and powered by official data. Data is a powerful tool for storytelling, and the GRID widgets are designed to make esports content more accessible to new fans while deepening engagement with existing audiences. By providing real-time, actionable insights directly from the game server to BETER, we deliver a next-level experience that truly resonates with the esports community.ā€

The post BETER and GRID Bring Advanced Data Visualizations to Esports Betting appeared first on European Gaming Industry News.

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