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 (NASDAQ: MSGM) will report its financial results for Q4 and the fiscal year ending December 31, 2021, on March 30, 2022, after the market closes. A conference call and webcast will follow at 5:00 p.m. ET to discuss the results. The company, known for its official licensing and game development across multiple platforms, is engaged in esports and racing game publishing, partnering with series like NASCAR and Formula E.
Motorsport Games (NASDAQ: MSGM) announced an update for NASCAR 21: Ignition, introducing NASCAR’s Next Gen car, available from February 17, 2022. This update coincides with the upcoming Daytona 500 race on February 20, 2022. Players can experience the new car in a Test Drive mode on all platforms. Additionally, there will be a Free Play Weekend on Xbox from February 17-20, 2022. Live Fast Motorsports will showcase a Motorsport Games-themed paint scheme during the Daytona weekend, marking the start of their second partnership year.
Adam Breeden, known for his success in competitive socialising, has announced an ambitious project to launch immersive F1 racing simulation experiences through a global partnership with Formula 1. This venture will see up to 30 venues worldwide over five years, starting with a location in London by Q4 2022. Kindred Concepts, Breeden's new company, aims to offer top-notch hospitality and entertainment using advanced racing simulators developed in collaboration with Motorsport Games, enhancing the F1 experience for fans and newcomers alike.
Motorsport Games (NASDAQ: MSGM) has announced the release of its first quarterly rFactor 2 content update for 2022. This update features new tracks and car chassis, enhancing user experience with a refreshed interface. The updates aim to improve the rFactor 2 simulation platform, which is being integrated into live esports events. The company plans to continue releasing quarterly updates throughout 2022, set for May, August, and November. This ongoing commitment is expected to elevate Motorsport Games offerings, keeping it competitive in the racing game market.
Motorsport Games (NASDAQ: MSGM) announces its inaugural virtual esports event, the 2022 INDYCAR-Motorsport Games Pro Challenge, set for February 9, 2022. This follows their exclusive partnership with INDYCAR established in July 2021. The event features top NTT INDYCAR SERIES drivers, including reigning champion Alex Palou. Viewers can tune in at 6 p.m. EST, with races featuring various heats and a charity prize pool totaling $23,500. Additionally, a new INDYCAR game is expected to launch in 2023, marking a significant milestone for fans of motorsport gaming.
Motorsport Games Inc. (NASDAQ: MSGM) has officially launched KartKraft, a highly-anticipated kart racing simulator on PC via Steam, after being in 'Early Access' since November 2018. The full release introduces online multiplayer, enhanced customization with 8 licensed manufacturers, and 7 laser-scanned circuits, including Whilton Mill. Developed by Motorsport Games Australia, the game aims to continually evolve with further updates. Priced at $39.99, KartKraft marks a significant milestone in Motorsport Games’ aggressive growth strategy in the racing game sector.
The 2021-22 Le Mans Virtual Series concluded with over 81 million viewers, showcasing its popularity in esports. Held on January 15-16, 2022, the event featured 50 cars and 200 drivers from 39 countries, including racing icons like Max Verstappen. The competition saw significant digital engagement, with 360,000 hours of content consumed and 30.2 million social media impressions. The winning team, Realteam Hydrogen Redline, completed 407 laps. This success reaffirms Le Mans Virtual Series' position as a leader in esports and sim racing.
Motorsport Games has expanded its technical partnership with Live Fast Motorsports, enhancing its access to NASCAR's real-life racing environments for game development. This partnership aims to improve the realism of its NASCAR video game franchise by incorporating real-time data from the racing team into NASCAR 21: Ignition and future titles. The collaboration promises to provide players with an authentic driving experience, leveraging insights from professional stock car driving throughout the 2022 racing season.
Motorsport Games will broadcast the finale of the Le Mans Virtual Series on January 15-16, 2022. Major broadcasters like Motor Trend and Eurosport will reach millions globally, featuring a two-day eRacing event with 200 drivers from 39 countries. Coverage includes multiple OTT platforms and social media, promising extensive visibility. The event has a total prize fund of USD 250,000, highlighting its significance in the esports domain.
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