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Enthusiast Gaming Reports Q1 2024 Results

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星期三, 五月 15, 2024

TORONTO, May 15, 2024 (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 months ended March 31, 2024 (“Q1 2024”).

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TORONTO, May 15, 2024 (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 months ended March 31, 2024 (“Q1 2024”).
Assets like TheSimsResource, U.GG, Icy-Veins, PocketGamer, Luminosity Gaming, NFL Tuesday Night Gaming, and our many other assets and properties that boast large, coveted, and highly engaged gaming audiences,” commented Adrian Montgomery, Board Chair and interim CEO of Enthusiast Gaming.
Gross profit was $14.1 million in Q1 2024, a 16% decrease compared to the $16.8 million in Q1 2023.
Adjusted EBITDA loss was $1.8 million in Q1 2024 compared to an Adjusted EBITDA loss of $3.1 million in Q1 2023.

Enthusiast’s Luminosity Partners With Amazon For Rocket League Invitational Tournament

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星期三, 四月 17, 2024

Sale, EGLX, Luminosity, TSX, Partnership, Shock wave, Amazon, Violence, SVP, Talent, Rocket League

The two-day invitational event will be hosted by Sean ‘Spaceman’ Rogers and Jack ‘Corelli’ Collier and feature eight of the top professional North American Rocket League teams, including Luminosity’s very own, as they compete to earn a $15,000 prize pool on April 30th and May 1st.

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The two-day invitational event will be hosted by Sean ‘Spaceman’ Rogers and Jack ‘Corelli’ Collier and feature eight of the top professional North American Rocket League teams, including Luminosity’s very own, as they compete to earn a $15,000 prize pool on April 30th and May 1st.
Throughout the tournament, players will be able to use unlimited boost as part of the ‘Prime Boost Advantage’ while Luminosity will run dynamic overlays that encourage fans to boost their shopping and streaming experience with Amazon.
This will be the first Rocket League event broadcast on Luminosity’s Twitch channel since the return of the Luminosity Rocket League team which attained a strong ninth-place finish at the Rocket League Championship Series Major 1 event in London, where Luminosity was one of the four North American teams to qualify for the international major event.
“Rocket League continues to grow in viewership and this tournament will bring together some of the best competitors in a unique format that is sure to give us interesting gameplay,” commented Alex Gonzalez, SVP of Talent & Gaming.

Luminosity Partners with Kroger to Launch the Luminosity Invitational Presented by Kroger Gaming

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星期四, 四月 11, 2024

Team Liquid, Super Smash Bros., Luminosity Gaming, Kroger, EGLX, Luminosity, Blackhawk Network Holdings, TSX, Partnership, Enthusiasm, Interim, Super Smash Bros. Ultimate, Gaming, Video game

LOS ANGELES, April 11, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming'' or the “Company”) (TSX: EGLX), a leading gaming media and entertainment company, is pleased to announce that Luminosity Gaming, the Company’s gaming and esports brand, will be hosting a live in-person Super Smash Bros Ultimate invitational event in partnership with Kroger and Blackhawk Network.

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LOS ANGELES, April 11, 2024 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming'' or the “Company”) (TSX: EGLX), a leading gaming media and entertainment company, is pleased to announce that Luminosity Gaming, the Company’s gaming and esports brand, will be hosting a live in-person Super Smash Bros Ultimate invitational event in partnership with Kroger and Blackhawk Network.
The event will be commentated by Luminosity content creators Maximillian ‘MaxKetchum’ Krchmar and Phillip ‘EE’ Stewart, and live streamed directly on Luminosity Gaming’s Twitch and YouTube channels.
The announcement alone of the Luminosity Invitational Presented by Kroger Gaming had already generated hundreds of thousands of views within the first 24 hours.
“This custom event showcases the value of fostering deep relationships with engaged communities,” said Adrian Montgomery, Interim CEO and Board Chair of Enthusiast Gaming.

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

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星期一, 四月 1, 2024

Luminosity Gaming, Enthusiasm, Partnership, Pocket Gamer, Chairperson, Shock wave, Sale, EGLX, TSX, Asset, Interim, Luminosity, NFL, Enthusiast Gaming

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.

VERSES Challenges AI Industry with Benchmark Tests

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星期四, 二月 22, 2024

Engineering, 10K, Luminosity, Architecture, AI, Atari, MNIST, CBOE, Human, Learning, Classification, GPU, Policy, Deep learning, Research, Environment

With the second benchmark, the Atari 10K Challenge, VERSES intends to demonstrate that its approach is vastly more sample and compute efficient than other alternatives.

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With the second benchmark, the Atari 10K Challenge, VERSES intends to demonstrate that its approach is vastly more sample and compute efficient than other alternatives.
The initial Atari benchmark challenge was introduced in 2015 and involved producing a single AI system that could meet or beat human-level performance on 26 classic Atari games.
The AI model must learn directly from pixel data, using only the score as a reward signal.
The Company believes that this benchmark will showcase the benefits that active inference brings for engineering multi-agent systems and align with the central ambitions of VERSES AI research: to create ecosystems of AI systems.

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

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星期四, 二月 15, 2024

Rocket League, LOS, OpTic Gaming, The Beekeeper, Partnership, TSX, Beekeeper, Enthusiasm, RLCS, Wyndham New Yorker Hotel, Organization, Luminosity, Smash, Luminosity Gaming, EGLX

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.

WHAT'S NEW AT GRANDE LAKES ORLANDO IN 2024

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星期二, 二月 6, 2024

Partnership, JW Marriott Hotels, The Ritz-Carlton Hotel Company, Dior, Luminosity, Cooking, Dog, Glacier, Saks Fifth Avenue, Reader, Birdy, Winter Wonderland, Energy, Hotel

ORLANDO, Fla., Feb. 6, 2024 /PRNewswire/ -- Grande Lakes Orlando, the 500-acre luxury Florida resort in the headwaters of the Florida Everglades anchored by The Ritz-Carlton Orlando, Grande Lakes and JW Marriott Orlando, Grande Lakes, is bringing a slate of new experiences for guests to experience in 2024 for the ultimate vacation in Orlando. Through innovative new events and programming, curated partnerships, enhancements to award-winning amenities and sustainably-minded culinary offerings, Grande Lakes Orlando will continue to serve as a leading Orlando resort and vacation destination this year. Travelers are encouraged to take advantage of the resort's popular overnight packages available all year for an ideal Florida vacation getaway, including the "Grande Escape Package," which provides a $50 daily resort credit and complimentary parking and the "Family Escape Package," which includes connecting rooms for large families and complimentary parking.

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The award-winning resort will offer innovative partnerships, unique programming, and world-class amenities in the year ahead
ORLANDO, Fla., Feb. 6, 2024 /PRNewswire/ -- Grande Lakes Orlando , the 500-acre luxury Florida resort in the headwaters of the Florida Everglades anchored by The Ritz-Carlton Orlando, Grande Lakes and JW Marriott Orlando, Grande Lakes, is bringing a slate of new experiences for guests to experience in 2024 for the ultimate vacation in Orlando.
Through innovative new events and programming, curated partnerships, enhancements to award-winning amenities and sustainably-minded culinary offerings, Grande Lakes Orlando will continue to serve as a leading Orlando resort and vacation destination this year.
Grande Lakes Orlando encourages guests to take advantage of its recently introduced partnerships across the sprawling property, including the Fifth Avenue Club at The Ritz-Carlton Orlando in partnership with Saks Fifth Avenue.
For more information about Grande Lakes Orlando and to book a stay at one of its two hotels, please visit www.grandelakes.com .

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

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星期四, 一月 4, 2024

Luminosity, Super Smash, Enthusiasm, EGLX, Partnership, Wyndham New Yorker Hotel, Luminosity Gaming, Super Smash Bros., FNK, Enthusiast Gaming, Super Smash Bros. Ultimate, TSX, Organization, CFO, CFA, Video game

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

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星期一, 十一月 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

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星期五, 十一月 3, 2023

Enthusiasm, Rocket League, EGLX, Organization, OpTic Gaming, Luminosity, Violence, Luminosity Gaming, Blood, Gun, TSX, Information Holdings Inc., Video game, Sport

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.