During the second quarter of 2021 Esports continues to attract significant investor interest. Competitive video gaming and Esports Betting have been growing in recent years and by 2025 the industry will be worth an estimated $13 billion. Esports is seen as one of the fastest-growing technological industries at the moment and many investors are interested in buying shares of these companies.
Esports Entertainment was the first to be traded on Nasdaq while in December 2020 Skillz Inc. joined the New York Stock Exchange. In April 2021 Esports Technologies was listed on Nasdaq and game publisher Unity Software Inc keeps trading on the NYSE.
Good Gamer Corp, an Esports technology and fantasy gaming company, is planning to go public with Credent Capital Corp through an amalgamation agreement. The company’s platform gives iOS and Android game publishers an opportunity to capitalize on their skill-based mobile games by integrating Good Gamer’s software into their games and offer real-money competitions.
It also connects gamers to participate in multi-player tournaments for real-money prizes. Their Tournament Management Platform can cater to all popular gaming genres reaching many people across the globe. Good Gamer is planning to go public on the Toronto Venture Exchange after the amalgamation agreement is signed with the capital pool company, Credent Capital Corp.
“The online gaming industry has exponentially grown due to COVID-19 as more people stay at home and play mobile games to entertain themselves,” says Good Gamer CEO Charlo Barbosa. “This market is ripe for another player to enter this fast-paced industry.”
The Esports industry was already gaining popularity before the coronavirus pandemic, however, the lockdown measures turned masses of gamblers and sports fans in the direction of Esports when traditional sporting events were being cancelled. Revenues from Esports surpassed $950 million in 2020 and we saw several new publicly traded companies appear on the market.
Skillz Inc. went public in December 2020 on the NYSE with a valuation of $3.5 billion. The mobile multiplayer platform outperformed analysts’ expectations for the first quarter of 2021 and has just signed a multi-year agreement with the NFL.
Esports Technologie is a company that offers online sports betting. Its IPO got a hot start on Nasdaq, shortly after it relaunched Gogawi.com, a betting destination that is available in more than 140 worldwide jurisdictions.
Esports Entertainment (also traded on Nasdaq), is a US wagering platform dedicated to Esports. The company has been going strong even before the pandemic and has been performing well on the stock market; it recently got a boost when it was suggested that video game retailer GameStop should buy Esports Entertainment.
NYSE listed Unity Software is one of the biggest winners of the Esports market. The game engine developer is the pillar of many mobile games across a range of platforms. It went public in September 2020 and announced a $772.4 million for 2020 which is a 43% increase from the 2019 figures. Furthermore, Unity Software’s game developers will now be able to add tournament functionality to the Good Gamer TMP.