ESE Entertainment Inc. - ENTEF STOCK NEWS

ESE Entertainment Inc. (TSXV:ESE)(OTCQX:ENTEF) has announced the sale of its remaining 30% interest in GameAddik to BPV Games Partnership for $4,030,925 in cash. This follows the previous sale of 70% interest in August 2023. The transaction, subject to regulatory approvals and shareholder consent, is expected to improve ESE's cash position without shareholder dilution.

The deal includes an additional payment of $548,159 on August 14, 2024, representing the second tranche of a holdback from the initial disposition. ESE plans to use the proceeds to settle liabilities, invest in core business operations, and explore strategic opportunities. The company's management, holding about 24% of outstanding shares, has unanimously approved the transaction.

ESE Entertainment (TSXV:ESE, OTCQX:ENTEF) has expanded its partnership with Bombee Global Entertainment for the Crescent Street Grand Prix Festival, occurring during the Montreal Formula 1 Grand Prix from June 6-9, 2024.

This historic festival will include live music, food and beverages, interactive exhibits, and special guest appearances. ESE supports Bombee with infrastructure, financing, and relationships, while Bombee handles event production.

ESE's CEO, Konrad Wasiela, emphasized the partnership's role in enhancing their capabilities and engaging with fans and stakeholders. Bombee's Director, Tamir Kastiel, highlighted the collaboration's goal of creating an immersive and memorable experience.

The festival aims to elevate the Grand Prix week, making it a must-attend event for motorsport enthusiasts.

ESE Entertainment, a gaming services company, announced it will produce and distribute the 2024 Mid-Season Invitational (MSI) for League of Legends, developed by Riot Games. The tournament will feature top League of Legends teams globally, competing in various stages, including play-ins, playoffs, and a grand finale. ESE will manage all aspects of the event, from selecting expert casters to creating the audiovisual setup, aiming to enhance viewer engagement using advanced broadcasting techniques. This collaboration marks a significant milestone for ESE, setting new standards for event production and fan engagement.

ESE Entertainment Inc. is producing the Teamfight Tactics esports tournament for Riot Games in June 2024. The popular auto-battler game has a large following, especially among mobile users. The tournament's success is attracting significant sponsorship and partnership interest from major brands. ESE's media production unit, Frenzy, will provide expert commentary, visuals, and marketing efforts for the event. CEO Konrad Wasiela expressed excitement about working with Riot Games and delivering top-tier production for the tournament.

ESE Entertainment Inc. announced a new partnership deal with Kellogg's Pringles for the 2024 Ultraliga Esports Tournament. The partnership, facilitated by SPORTFIVE, marks Pringles' significant engagement in esports, aligning with their commitment to support emerging talent. The Pringles brand logo will feature in all league materials, social media profiles, and broadcasts, indicating a positive start for League of Legends enthusiasts in Europe.

ESE hosted the Samsung Galaxy ULTRALIGA 2024 Grand Finals, a competition in the video game League of Legends, at the iconic Stodoła Club in Warsaw. The event marked a significant milestone in esports, engaging fans through live broadcasts and interactive attractions. The season's showdown featured top regional teams, with Zero Tenacity emerging as the victor. ESE CEO Konrad Wasiela highlighted the event's transformative nature, emphasizing growth potential and revenue opportunities.

ESE Entertainment, a gaming company, is featured in Benzinga's coverage of MetaPro's $MPRO token launch. The $MPRO token offers various functions within the MetaPro ecosystem, including governance, transactions, rewards, and purchasing NODEs. The partnership between ESE and MetaPro aims to capitalize on the metaverse and Web3 opportunities. The launch of $MPRO is accompanied by community reward campaigns totaling over $340,000, showcasing MetaPro's commitment to its user base. ESE's CEO, Konrad Wasiela, and MetaPro's CEO, Michał Bartczak, express excitement about the collaboration and future growth prospects. The positive exposure from Benzinga highlights ESE's role in technological innovation in gaming and cryptocurrency sectors.

ESE Entertainment signs a gaming partnership agreement with Bombee Global Entertainment to enhance their service offerings and expand business ventures in the gaming industry.

ESE Entertainment Inc. announces the launch of Metapro's $MPRO token through a Token Generation Event on April 17, 2024. The $MPRO token, initially priced at $0.04, will serve various roles within the Metapro ecosystem, including governance, transactions, rewards, and purchasing NODEs. Metapro plans to make $MPRO an omnichain token for broader accessibility and utility. The ecosystem also introduces community reward campaigns and highlights partnerships with industry leaders.