Motorsport Games Inc. develops and publishes racing simulation games and operates esports content tied to official motorsport series. Company news commonly covers Le Mans Ultimate content updates, online competition features, RaceControl subscriptions, and licensed series content for the 24 Hours of Le Mans, the FIA World Endurance Championship, and the European Le Mans Series.
Updates also address financial results, share repurchases, shareholder meeting matters, and governance actions. The company’s portfolio includes the rFactor 2 and KartKraft simulation platforms, while its esports activities include events such as the Le Mans Virtual Series and technology partnerships connected to F1 Arcade.
Motorsport Games has announced a 1-for-10 reverse stock split of its Class A and Class B common stock, effective at 12:01 a.m. EST on November 10, 2022. This decision follows approval from the company's Board of Directors and stockholders. The split will reduce the total issued shares from approximately 11.67 million Class A shares and 7 million Class B shares to about 1.17 million and 700,000 shares, respectively. Stock options and exercise prices will also be adjusted proportionately. Further details on the share exchange process have been provided.
Motorsport Games has announced a new content update for rFactor 2, introducing laser-scanned tracks and new vehicles. This marks a significant milestone as it is the first time circuits have been accurately recreated in a commercial sim racing product. The update includes the BMW 330i M Sport and Vanwall Vandervell LMH cars, alongside tracks like Thruxton, Croft, and Bahrain International Circuit, which feature enhanced visual and gameplay experiences. Additional quality improvements, including AI performance enhancements and VR upgrades, complement this launch.
Motorsport Games (NASDAQ: MSGM) announces Round 3 of the Le Mans Virtual Series, featuring the 6 Hours of Spa on November 5, 2022, at the renowned Circuit de Spa-Francorchamps. Notable drivers, including Max Verstappen and Romain Grosjean, will participate in this elite esports event. The race will showcase 40 cars across two classes and will be broadcast on various platforms. The series concludes with a total prize fund of US$250,000 and aims to enhance both esports and real-world motorsport participation.
Motorsport Games Inc. (NASDAQ: MSGM) will report its third-quarter financial results for the period ending September 30, 2022, on November 10, 2022, after market close. A conference call to discuss the results will follow at 5:00 p.m. ET. Motorsport Games is a key player in the racing game development and esports sector, holding licenses for various prestigious motorsport series. The company aims to create engaging gaming experiences and esports events, fostering a virtual racing ecosystem that appeals to fans and gamers alike.
Motorsport Games has launched NASCAR Rivals, an exclusive video game for the Nintendo Switch, based on the 2022 NASCAR Cup Series. Available for $49.99, this game emphasizes motorsport rivalries and includes various modes such as 'Race Now', 'Career Mode', and 'Challenges'. Players can enjoy local and online multiplayer experiences, compete with up to 15 players, and personalize their gaming experience with a new 'Paint Booth'. This release aims to attract racing fans and enhance the NASCAR gaming experience.
Motorsport Games has announced the launch of the NASCAR 21: Ignition 2022 Season Expansion Update, which reflects the 2022 NASCAR Cup Series season. Available for free to existing owners for platforms including PlayStation and Xbox, the update features a UI refresh, new broadcast introductions, and updated driver rosters. New players can purchase Ignition at a reduced price of $19.99. The update brings current racing content to NASCAR Heat 5 and NASCAR Heat Mobile, with the former offering it for $12.34 starting October 21, 2022, and the latter for free on October 27, 2022.
Motorsport Games (NASDAQ: MSGM) announced the entry list and schedule for the 4 Hours of Monza, the second round of the 2022-23 Le Mans Virtual Series. This event will take place on October 8, 2022, featuring a high level of competition with real-world and esports drivers, including noteworthy participants like Yifei Yi and Luis Diaz. The race will be broadcasted live, commencing with qualifying on October 7. The Le Mans Virtual Series unites top teams across five rounds, culminating in a total prize fund of $250,000.
Motorsport Games has announced a new partnership with contemporary artist Frankie Zombie and Live Fast Motorsports to promote NASCAR events and charitable initiatives. The collaboration includes a custom paint scheme for the No. 78 Ford Mustang to be featured during the Dixie Vodka 400 on October 23 at Homestead-Miami Speedway. Fans can download the paint scheme on October 6 as part of the NASCAR 21: Ignition Victory Edition. The partnership aims to expand Motorsport Games’ audience and contribute to charitable organizations like the Speedway Children’s Charity.
Motorsport Games (NASDAQ: MSGM) has announced five exciting at-track activations during the 2022 NASCAR Cup Series Playoffs. These events are scheduled for prestigious locations including Talladega, Charlotte, Miami, Martinsville, and Phoenix. Fans can compete in the NASCAR Rivals game for various prizes, including signed memorabilia and VIP passes to events. Winners will be crowned at the Championship Weekend in Phoenix, where they can take home a significant cash prize and exclusive rewards, showcasing the company’s engaging approach to fan interaction.
Motorsport Games (NASDAQ: MSGM) announced the 2022 Season Update for NASCAR 21: Ignition, reflecting the historic 2022 NASCAR Cup Series season, available from October 6, 2022. The update includes enhancements across Race Now, Online Multiplayer, and the Paint Booth, providing users access to the latest drivers, teams, and tracks. Current owners can download the update for free, while new users can purchase it at a reduced price of $19.99 USD. This update aims to bridge to the next official NASCAR title, which is already under development.