Sports Venues of Florida, Inc. Changes Business Model For eSports Subsidiary, Shadow Gam-ing, To 60 Tournaments By Year End, Sees $8+ Million Future Revenues
Sports Venues of Florida, Inc. (OTC: BTHR) announced today (June 17, 2020) it is dramatically changing the business model of eSports subsidiary, Shadow Gaming, to raise its schedule of tournaments to 60 by year-end. By April 2021, it will be holding 60 tournaments monthly. Immediately, the company will switch to a membership based platform, requiring gamers to pay a $25 monthly fee. By the time the company reaches a pace of 60 tournaments per month, the company foresees $8+ million in future revenues at a gross margin of around 68%. It sees revenues coming from gamer’s membership fees, advertising, ambassador program, studios and gaming platform.
Media companies such as Stock Market Press are reporting on the fast growing eSports market. It keeps readers up to date on company stocks such as Sports Venues of Florida, Inc. (OTC: BTHR), ETFMG Video Game Tech ETF (NYSE: GAMR), Activision Blizzard (NASDAQ: ATVI), Tencent Holdings (OTC: TCEHY), Take-Two Interactive (NASDAQ: TTWO), Electronic Arts (NASDAQ: EA), Huya (NYSE: HUYA), Comcast (NASDAQ: CMCSA) and AT&T (NYSE: T).
Sports Venues of Florida, Inc. (OTC: BTHR) Changes Business Model For eSports Subsidiary, Shadow Gaming, To 60 Tournaments By Year End, Sees $8+ Million Future Revenues
Management has revamped its tournament schedule into a much faster pace: 6 in July, 12 in August, 18 in September, 24 in October for a total of 60 by year end. By April 2021, the company will be on a 60 monthly tournament schedule. Gamers, as the tournament schedule increases, will be required to pay more membership fees. The goal is to make Shadow Gaming into a global leader in in the eSports market, management said. Sports Venues of Florida, Inc. (OTC: BTHR) Changes Business Model For eSports Subsidiary, Shadow Gaming, To 60 Tournaments By Year End, Sees $8+ Million Future Revenues.
A Much Quicker ROI For Shareholders
Luis Arce, president of Shadow Gaming, said, “In the next few weeks, Shadow Gaming is democratizing our eSports tournaments which allows for all gaming leagues and tournament organizers that want to create their own event can do so under Shadow Gaming’s sponsorship. This business model will allow these volunteers to actually monetize their efforts and gain status and recognition in the gaming community. We are excited to announce this change in our business model as our shareholders will realize a much quicker ROI than they would have under our previous model. This new model will expedite revenues and provide an amazing gross margin.” Sports Venues of Florida, Inc. (OTC: BTHR) Changes Business Model For eSports Subsidiary, Shadow Gaming, To 60 Tournaments By Year End, Sees $8+ Million Future Revenues.
Sports Venues of Florida, Inc. (OTC: BTHR) is an emerging development company in the youth sports, family sports entertainment and eSports markets. Its wholly owned subsidiary is Shadow Gaming, Inc. The company through its subsidiary has aggressively entered the eSports market. The company plans on developing a number of subsidiary companies demo high tech data management businesses to product and support businesses. Sports Venues of Florida, Inc. (OTC: BTHR) Changes Business Model For eSports Subsidiary, Shadow Gaming, To 60 Tournaments By Year End, Sees $8+ Million Future Revenues.
Source: Stock Market Press
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