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On October 2, 2020, Simplicity Esports and Gaming Company (OTCQB:WINR) announced its approval to purchase a League of Legends franchise in the Campeonato Brasileiro de League of Legends (CBLoL). This acquisition reflects Simplicity Esports' commitment to expanding its presence in the esports industry, a sector where it already competes in various popular games, including Apex Legends, PUBG Mobile, and Overwatch. Further details about the franchise purchase will be disclosed in the coming days, indicating potential growth opportunities for the company.
Simplicity Esports and Gaming Company (OTCQB:WINR) announced the acquisition of all assets from a former franchisee's esports gaming center in Kennewick, WA. The agreement is valued at 23,915 shares of restricted stock. This move allows Simplicity to consolidate full revenues from the center, which previously only reported franchise royalty fees. The company aims to grow its customer base while retaining existing staff. The lease has been renegotiated to a percentage of gross sales, enhancing operational flexibility.