Simplicity Esports Acquires Vancouver's Esports Gaming Center For Undisclosed Sum

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Simplicity Esports And Gaming Co WINR acquired the assets of a gaming center formerly owned by a PLAYlive Nation franchisee in Vancouver, WA, marking the company’s fourteenth corporate-owned gaming center and eighth on the West Coast.
The location was initially opened in 2013 with a database of over 17,000 unique customers.
The Vancouver gaming center is expected to reopen in mid-April.
The financial terms of the transaction were not disclosed.
Last week Simplicity Esports inked multiple deals, including sponsorship and sublicensing agreement with its Brazilian subsidiary, Flamengo Esports, aggregating to $200 thousand.
Simplicity Esports aims to capitalize on the lockdown-induced commercial real estate market disruption to forge esports gaming center partnerships with landlords to drive higher footfall at their malls.
It held cash and cash equivalents of $0.543 million as of Nov. 30, 2020.
Price action: WINR shares traded lower by 6.83% at $13.75 on the last check Monday.