Simplicity Esports and Gaming Company (NASDAQ:WINR) – $3.11
Simplicity Esports and Gaming Company engages in the virtual reality of gaming and sports entertainment in India and the United States. Owning and operating about 30 family entertainment centres across the United States and India, the Company offers an interactive experience to customers through the combination of augmented and virtual reality. Formerly known as SMAAASH Entertainment Inc. (NASDAQ:SMSH), on January 2 the Company announced the close of its all-stock acquisition of Simplicity Esports, becoming a wholly-owned subsidiary.
- Market Cap: $10.1 Million
7-Day Total Return: -34.4%
1-Month Total Return: 17.5%
Here’s why esports can become a billion-dollar industry in 2019
Electronic sports (esports) experts considered 2018 a landmark year that cemented the space’s potential as the next billion-dollar industry.
Research firms like Statista estimate that global revenues for the wildly popular, still nascent sector may even surpass that milestone this year — particularly because of the number of companies and investors getting in on the esports market. Estimates from Newzoo project that the global esports market will exceed $1.6 billion by 2021.
“When I look at 2018, I feel like it was the year that esports really started cracking into the mainstream,” Jack Etienne, owner of North American esports team Cloud9, told CNBC recently—. “To me it feels like we’ve broken a barrier that we’ve never attained before in esports.”
Like other industry participants, Etienne believes the past year also laid down catalysts that will drive esports’ development going into 2019. This is particularly true in some key areas that he thinks are essential to building a more sustainable ecosystem for the industry
SMAAASH Entertainment Changes Name To Simplicity Esports And Gaming Company, Changes Symbol To "WINR"
NEW YORK, Jan. 09, 2019 (GLOBE NEWSWIRE) -- Simplicity Esports and Gaming Company, formerly known as SMAAASH Entertainment Inc. (NASDAQ: SMSH) (the “Company”), announced today that the date for the commencement of trading of its common stock and warrants on NASDAQ under the ticker symbols “WINR” and “WINRW,” respectively, which was originally scheduled for January 8, 2019 has been changed to January 10, 2019.
Jed Kaplan, the Co-Chief Executive Officer of the Company said “We are proud to have the Simplicity name as the first direct publicly traded Esports team in North America. Having the ticker WINR just solidifies who we are as an organization.”
About SMAAASH Entertainment Inc.:
The Company, completed its transaction with SMAAASH Entertainment Pvt. Ltd (“SMAAASH Private”) on November 20, 2018. SMAAASH Private is a global entertainment company offering interactive sports experiences and virtual reality gaming technology. On December 31, 2018, the Company combined with NBA Memphis Grizzlies Minority Owner Jed Kaplan’s Simplicity Esports (“Simplicity”). Simplicity is an established brand in the esports industry with an engaged fan base competing in popular games across different genres, including PUBG, Gears of War, Injustice 2 and NHL 19. The Simplicity stream team encompasses groups of casters, influencers and personalities who connect to a dedicated fan base which has viewed and consumed millions of minutes of Simplicity content cumulatively on various social media monthly.
Press Release: SMAAASH Entertainment Inc. Announces Closing of Combination with NBA Memphis Grizzlies Minority Owner Jed Kaplan's Simplicity Esports
NEW YORK, Jan. 02, 2019 (GLOBE NEWSWIRE) -- SMAAASH Entertainment Inc. (NASDAQ: SMSH) (the "Company"), announced it closed the combination with Simplicity Esports, LLC (Simplicity) via an all stock acquisition. Simplicity is now a wholly-owned subsidiary of the Company. Simplicity is an established brand in the esports industry with an engaged fan base competing in popular games across different genres, including PUBG, Gears of War, Injustice 2 and NHL 19. Notably, the Simplicity stream team encompasses groups of casters, influencers and personalities all of whom connect to a dedicated fan base which has viewed and consumed millions of minutes of Simplicity content cumulatively on various social media monthly.
Co-CEO's Jed Kaplan and F. Jacob Cherian stated, "We are excited to announce the closing of our business combination as this marks a tremendous milestone creating the first NASDAQ listed pure play esports organization. We look forward to sharing our current and future business plans with the public. Our goal is to create significant shareholder value, further develop our brick to click model, and grow our entity as a leader in the esports industry."
Simplicity Esports Files 8K - Director, Officer or Compensation Filing >WINR
4:34 pm ET January 18, 2019 (Dow Jones) Print
Simplicity Esports & Gaming Co. (WINR) filed a Form 8K - Director, Officer or Compensation Filing - with the U.S Securities and Exchange Commission on January 18, 2019.
On January 14, 2019, F. Jacob Cherian notified the Board of Directors (the "Board") of Simplicity Esports and Gaming Company (the "Company") of his resignation, effective as of February 8, 2019, from his position as the Co-Chief Executive Officer of the Company and from any other officer positions he may hold with the Company. Mr. Cherian's resignation is not as a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
On January 14, 2019, Suhel Kanuga also notified the Board of his resignation, effective as of February 8, 2019, from his positions as the Chief Financial Officer, Secretary and Treasurer of the Company and from any other officer positions he may hold with the Company. Mr. Kanuga's resignation is not as a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
Mr. Cherian and Mr. Kanuga shall both remain as members of the Board after their respective resignations as officers of the Company.
On January 18, 2019, the Board appointed Jed Kaplan, the current Co-Chief Executive Officer, to act as the interim-Chief Financial Officer of the Company, effective upon the effectiveness of the resignation of Mr. Kanuga. The Company intends to promptly commence a search for a permanent Chief Financial Officer.