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Alpha Esports Tech Inc. (OTC PINK:APETF) reported significant user growth through its Gaming as a Service (GaaS) model, designed to facilitate entry into the esports sector for organizations globally. The recent launch of Circuit.gg in partnership with Irony Inc. targets Indian gamers, following a successful beta phase with over 2,000 new users. Another partnership with Devil's Child Management aims to enhance user acquisition through a strong industry network. This innovative strategy positions Alpha favorably in the expanding esports market.
Alpha Esports Tech Inc. (OTC PINK: APETF) has welcomed the Canadian Senate's approval of Bill C-218, which legalizes single-event sports betting in Canada. This legislation is poised to reclaim around $14 billion in annual bets currently going to offshore and black market operators. Interim CEO Matthew Schmidt forecasts a potential increase in the legal sports betting market from $500 million to $28 billion. Alpha is preparing to capitalize on this development, aiming to diversify its revenue streams significantly in the coming weeks.
Alpha Esports Tech Inc. (OTC PINK: APETF) announces a partnership with Mack Sporting Goods to expand into the Esports market. Alpha will host the MSG Madden League on their platform GamerzArena, starting with 18 weeks of competition. Participants can advance to playoffs and compete in a virtual 'Big Game' final. Mack Sporting Goods will utilize their retail and customer data to drive sign-ups for the league, aiming for high participation and competitive prize pools. This partnership signifies Alpha's commitment to capitalizing on the growth in Esports.
Alpha Esports Tech Inc. has announced its new Over The Counter (OTC) trading symbol APETF, following the acceptance of Form 211 by the US Financial Industry Regulatory Authority (FINRA). This new listing enhances visibility and liquidity for shareholders. Alpha continues trading on the Canadian Securities Exchange as ALPA and on the Frankfurt Exchange as 9HN. Chairman Jonathan Anastas emphasized that this move lays groundwork for potential uplistings and access to additional capital resources, benefiting the company’s growth in Esports and mobile gaming.