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Re: steeledge post# 2101

Tuesday, 06/16/2020 2:49:51 PM

Tuesday, June 16, 2020 2:49:51 PM

Post# of 3702
i think ppl are really going to be surprised when this all comes together over the next couple quarters. there is noise in this coming quarter since gaming centers were shut all quarter with distruptions from covid. mgmt started online tournaments in feb. and ramped them up 8x in about 6 weeks.
i am not sure that was enough to completely replace the center revenue.

gaming centers are now reopening and actually Covid has provided an additional revenue stream through the online tournaments that was non-existent before. also revs from Flamengo should start to hit. and the initial franchise licence fees for new franchises should also start showing up. no one really knows what that all will total but i think it's certain when a 10-15 X sales multiple is applied it's significantly above today's price.