Total
0
Shares
Enthusiast Gaming - CEO, Adrian Montgomery.
CEO, Adrian Montgomery.
Source: Enthusiast Gaming.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Enthusiast Gaming (EGLX) has acquired GameKnot, owner of chess fan community GameKnot.com
  • The company made the acquisition for US$2.75 million in cash and common shares
  • GameKnot currently produces approximately 35 million monthly page views, of which 80 per cent are from registered users
  • Enthusiast Gaming is building the largest media and content platform for video game and esports fans to connect and engage worldwide
  • Enthusiast Gaming (EGLX) is up by 0.18 per cent and is currently trading at $5.65 per share

Enthusiast Gaming (EGLX) has acquired GameKnot, owner of chess fan community GameKnot.com.

Founded in 2000, GameKnot is a news, strategy and community site for casual and competitive chess players, offering multiple forms of competition via chess tournaments, leagues and ladders. With free and premium subscription offerings, the site also provides resources including lessons and puzzles.

GameKnot currently produces approximately 35 million monthly page views, of which 80 per cent are from registered users.

Enthusiast made the acquisition for US$2.75 million in cash and common shares.

Adrian Montgomery, CEO of Enthusiast Gaming, stated,

“GameKnot has long served as a destination for chess enthusiasts around the world to play, learn and connect. This acquisition is in line with Enthusiast Gaming’s buy and build strategy for gaming communities, responds to growing interest in chess from members of our Luminosity Gaming roster, such as xQc and NickEh30, and capitalizes on recent viewership growth for chess on Twitch.”

Enthusiast Gaming is building the largest media and content platform for video game and esports fans to connect and engage worldwide.

Enthusiast Gaming (EGLX) is up by 0.18 per cent and is currently trading at $5.65 per share as of 9:45 am ET.

More From The Market Herald

" Quarterhill Inc. (TSX:QTRH) announces $50M bought-deal public offering

Quarterhill (QTRH) has entered into a $50 million bought-deal financing of convertible unsecured subordinated debentures.
Nuvei - CEO, Phillip Fayer

" Nuvei (TSX:NVEI) approved to process sports betting in Connecticut

Nuvei Corporation (NVEI) has been granted an online gaming service provider vendor registration in Connecticut.

" Datametrex (TSXV:DM) launches smartphone health app

Datametrex AI (DM) subsidiary Medi-Call MD has officially launched a closed beta test for its Medi-Call health app.
The Market Herald Video

" Nextech AR (CSE:NTAR) launches 3D Rooms for ecommerce

Nextech AR Solutions (NTAR) has formally launched 3D Rooms, an enhancement to its AR suite for ecommerce.