Luminosity Gaming

Enthusiast Gaming Advances Strategic Objectives with C$4.1 Million Sale of Select Non-Core Assets

Retrieved on:

Monday, April 1, 2024

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LOS ANGELES, April 01, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming and media company, today announced it has entered into a definitive agreement (the “Asset Sale Agreement”) for the divestment of certain non-core and non-profitable casual gaming assets (the “Assets”) for a purchase price of approximately C$4.1 million.

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LOS ANGELES, April 01, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming and media company, today announced it has entered into a definitive agreement (the “Asset Sale Agreement”) for the divestment of certain non-core and non-profitable casual gaming assets (the “Assets”) for a purchase price of approximately C$4.1 million.
The Assets comprise a subset of Enthusiast Gaming’s casual gaming business, and the divestment is a continuation of a number of recent strategic actions designed to enhance the Company’s operational efficiency while emphasizing high-margin revenue growth and sustainable profitability.
“We are swiftly executing on our strategic objectives including operational efficiency, enhancing liquidity, and building a platform of sustainable profitability,” said Adrian Montgomery, Board Chair and Interim CEO of Enthusiast Gaming.
“This sale of a subset of non-core and non-profitable assets for C$4.1 million underscores our dedication to strengthening our balance sheet while simultaneously reducing operating costs.

Luminosity Hosts Luminosity Makes Big Moves New York to Over 50,000 Concurrent Viewers, Expands Footprint in Highly Engaged Communities

Retrieved on:

Thursday, February 15, 2024

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LOS ANGELES, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), the leading gaming and media company in North America, is pleased to announce that Luminosity Gaming, the Company’s gaming and esports brand and one of the largest esports organizations in the world, has seen a number of recent successes in connection with its continued investment in highly engaged gaming communities.

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In January 2024, Luminosity hosted one of its tentpole Super Smash Bros Ultimate events, Luminosity Makes Big Moves 2024, at the New Yorker Hotel in New York City in partnership with Even Matchup Gaming.
The three-day event had over 1,100 individuals competing in a variety of competitions and brought in over 1,500 total live attendees.
“Our live events and streams are the perfect opportunity for brands to integrate in a meaningful and authentic way,” commented Alex Gonzalez, Head of Luminosity Gaming.
“These communities are highly engaged and scalable,” commented Adrian Montgomery, interim Chief Executive Officer of Enthusiast Gaming.

Luminosity Gaming Kicks Off 2024 with Luminosity Makes BIG Moves New York

Retrieved on:

Thursday, January 4, 2024

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LOS ANGELES, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX) announced Luminosity Gaming , the Company’s esports brand and one of the largest gaming and esports organizations in the world, in partnership with Even Matchup Gaming, will kickoff 2024 with the first major Super Smash Bros tournament of the year: Luminosity Makes BIG Moves New York.

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LOS ANGELES, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX) announced Luminosity Gaming , the Company’s esports brand and one of the largest gaming and esports organizations in the world, in partnership with Even Matchup Gaming, will kickoff 2024 with the first major Super Smash Bros tournament of the year: Luminosity Makes BIG Moves New York.
Back in New York City for the fifth time, Luminosity Makes BIG Moves welcomes players from all over the world and will host the top 10 ranked North America players for Super Smash Bros.
Ultimate, including MkLeo , Tweek , Sonix , and Maister , all of whom will compete under the Luminosity Gaming banner.
Luminosity Makes Moves’ last event was in October with Luminosity Make Moves Miami and will debut the inaugural Luminosity Make Moves Toronto this September in Canada, solidifying Luminosity’s footprint in the Super Smash Bros. community.

Enthusiast Gaming Reports Third Quarter 2023 Financial Results

Retrieved on:

Monday, November 13, 2023

“We are making solid progress against our strategy to build the most scaled gaming communities in North America -- and a platform for significant growth,” commented Nick Brien, Chief Executive Officer. “Our efforts include sweeping changes across nearly every facet of the organization that are positioning the company for growth, profitability and value creation. As a measure of our progress, in the quarter we booked our largest branded solutions sale to date. We continue to expect to be profitable in the fourth quarter, entering next year as a self-sustaining business as we shift from a year of transformation velocity in 2023 to a year of growth velocity in 2024.”

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LOS ANGELES, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX), a leading gaming media and entertainment company, today announced financial results for the three and nine months ended September 30, 2023 (“Q3 2023”).
The results represent 28% year-over-year growth in Unique Visitor traffic to Enthusiast Gaming’s digital media Property of gaming communities, content, and creators (Comscore Media Metrix® Multi-Platform, Total Audience, September 2023, U.S.).
Results in Q3 2023 and Q3 2022 included a non-cash impairment expense of $51.7 million and $31.3 million respectively.
Conference call details:
A replay of the webcast will be available on the Investor page of the Enthusiast Gaming website at enthusiastgaming.com/investors.

Luminosity Gaming Returns to Rocket League

Retrieved on:

Friday, November 3, 2023

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LOS ANGELES, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX) today announced that Luminosity Gaming , the Company’s esports brand and one of the largest esports organizations in the world, has returned to Rocket League after a one-year hiatus.

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LOS ANGELES, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX) today announced that Luminosity Gaming , the Company’s esports brand and one of the largest esports organizations in the world, has returned to Rocket League after a one-year hiatus.
In connection with its return, Luminosity Gaming has secured two of the top North American competitors and former OpTic Gaming team members Retals and MaJicBear , positioning Luminosity to be immediately competitive in the North American scene.
“We have been waiting on the sidelines to find the right team to return to Rocket League, and we couldn’t be more excited that two of the most sought after talents of the off-season, Retals and MaJicBear, have decided to join Luminosity,” commented Alex Gonzalez, Head of Luminosity Gaming.
“Brands need gaming strategies to engage young audiences,” added Nick Brien, Chief Executive Officer of Enthusiast Gaming “The return of a Luminosity Gaming Rocket League team adds another engaged community to our vast portfolio of gaming assets.

Luminosity Gaming Launches Super Smash Bros. Tournament Series with Luminosity Makes Moves Miami

Retrieved on:

Thursday, October 26, 2023

LOS ANGELES, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ: EGLX; TSX: EGLX) today announced that Luminosity Gaming, the Company’s esports brand and one of the largest esports organizations in the world, will host Luminosity Makes Moves Miami , a three-day Super Smash Bros.

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LOS ANGELES, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ: EGLX; TSX: EGLX) today announced that Luminosity Gaming, the Company’s esports brand and one of the largest esports organizations in the world, will host Luminosity Makes Moves Miami , a three-day Super Smash Bros.
Ultimate and Melee tournament series in Miami at the Newport Beachside Hotel and Resort from October 27-29, 2023, with live coverage on Luminosity Gaming's Twitch channel .
Luminosity Makes Moves Miami (formerly known as Let’s Make Moves Miami) is the latest Super Major, the most coveted ranking for Smash tournaments, and brings together some of the world's top Smash creators and players to compete in a field of nearly 600 total participants.
Miami is the first stop in a series of Luminosity Makes Moves tournaments bringing the title to major cities like New York and Toronto throughout 2024, further expanding the Luminosity footprint in the Super Smash Bros. community.

Enthusiast Gaming Reports Second Quarter 2023 Results

Retrieved on:

Monday, August 14, 2023

LOS ANGELES, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ: EGLX; TSX: EGLX), a leading gaming media and entertainment company, today announced financial results for the three and six months ended June 30, 2023 (“Q2 2023”).

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LOS ANGELES, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ: EGLX; TSX: EGLX), a leading gaming media and entertainment company, today announced financial results for the three and six months ended June 30, 2023 (“Q2 2023”).
“The underlying trends of our business are highly encouraging, suggesting significant improvements in our consolidated results in the second half of 2023 and into 2024.
Additionally, aligned with our commitment to diversity and inclusion, Luminosity Gaming formed two new all-female teams: Luminosity Gaming Red and Luminosity Gaming Green which compete in Apex Legends.
The results represent 28% year-over-year growth in Unique Visitor traffic to Enthusiast Gaming’s digital media Property of gaming communities, content, and creators (Comscore Media Metrix® Multi-Platform, Total Audience, May 2023, U.S.).

Enthusiast Gaming Announces Steelcase as the Official Performance Seating Partner of Luminosity Gaming

Retrieved on:

Tuesday, July 18, 2023

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LOS ANGELES, July 18, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ:EGLX; TSX:EGLX), a leading gaming media and entertainment company, announced Steelcase Inc. (“Steelcase”) as the official performance seating partner of Luminosity Gaming, the Company’s gaming and esports brand.

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LOS ANGELES, July 18, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ:EGLX; TSX:EGLX), a leading gaming media and entertainment company, announced Steelcase Inc. (“Steelcase”) as the official performance seating partner of Luminosity Gaming, the Company’s gaming and esports brand.
The partnership underscores both organizations' commitment to testing the limits and supporting peak performance within the gaming community.
Luminosity and Steelcase will collaborate on content featuring the team’s content creators, players, and coaches, giving fans a behind-the-scenes look at how Steelcase chairs enhance their gameplay.
"We are thrilled to partner with Steelcase, a company that shares our commitment to excellence, innovation, and the overall gaming experience," said Alex Gonzalez, Head of Luminosity.

Enthusiast Gaming Reports First Quarter 2023 Results

Retrieved on:

Monday, May 15, 2023

LOS ANGELES, May 15, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ: EGLX; TSX: EGLX), an independent gaming media and entertainment company, today announced financial results for the three months ended March 31, 2023 (“Q1 2023”).

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LOS ANGELES, May 15, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ: EGLX; TSX: EGLX), an independent gaming media and entertainment company, today announced financial results for the three months ended March 31, 2023 (“Q1 2023”).
“The rapid transformation of Enthusiast Gaming from a collection of entrepreneurial assets to an enterprise-scale platform company built around a single technology stack is underway,” commented Nick Brien, CEO of Enthusiast Gaming.
There is a tremendous opportunity in front of us to increase the spend of our current advertisers, while attracting new brands to the emergent gaming marketing sector.”
Continued Brien, “Our first quarter 2023 results demonstrate the significant upside potential of our business.
As of March 31, 2023, cash balance was $3.5 million compared to $7.4 million as of December 31, 2023.

Enthusiast Gaming Provides Update to Senior Management Team

Retrieved on:

Monday, May 1, 2023

LOS ANGELES, May 01, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (Nasdaq: EGLX; TSX: EGLX) (the “Company”), an integrated gaming media and entertainment company, today provided an update on its senior management team.

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LOS ANGELES, May 01, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (Nasdaq: EGLX; TSX: EGLX) (the “Company”), an integrated gaming media and entertainment company, today provided an update on its senior management team.
Amanda has been with Enthusiast Gaming for four years, most recently serving as SVP, Direct Sales.
Prior to joining Enthusiast Gaming, Scotty was Chief Community Officer at G Fuel where he helped G Fuel scale to become the top energy drink brand in the gaming sector.
As part of these announced changes, the Company also announces that Eric Bernofsky and Bill Drolet have left Enthusiast Gaming.