Enthusiast Gaming Holdings Inc. has announced that it has been ranked #7 on Forbes’ 2020 global list of “Most Valuable Esports Companies.” This marks the first time the Company has been included in the Forbes list.

“This recognition by Forbes reflects our team’s vision and superb execution of our esports growth strategy during the past year, which continues to experience rapid growth based on various internal operational and financial metrics. Our various business segments have sizeable growth opportunities ahead, however, we see our esports business as a strategic asset with exponential growth opportunity as part of our diversified asset portfolio,” Adrian Montgomery, CEO of Enthusiast Gaming, said.

The Forbes list was announced on December 5 and can be viewed on Forbes.com.

Enthusiast Gaming Holdings is preparing to list its common shares on the NASDAQ Capital Market (NASDAQ).

In advance of the anticipated listing on the NASDAQ, Enthusiast Gaming will file a Form 40-F Registration Statement with the United States Securities and Exchange Commission (SEC).

“We continue to see strong interest from investors both in the U.S. and internationally. A US listing has been on our radar as one of the many strategies to execute as part of our business plan. On the back of the transformative acquisition of Omnia Media in Q3, the timing is right to proceed with a listing. The US is the largest capital market in the world and our most prominent territory in terms of both the Company’s audience and revenue. A NASDAQ listing is a natural next step for the Company,” Adrian Montgomery, CEO of Enthusiast Gaming, said.

The listing of the Company’s common shares on the NASDAQ remains subject to the approval of the NASDAQ and the satisfaction of all applicable listing and regulatory requirements. The Company will continue to maintain the listing of its common shares on the Toronto Stock Exchange under the symbol “EGLX.”