Huge News for shareholders Fantasy Aces licenses platform to private company
Ticker Symbol: C:FAS
Fantasy Aces licenses platform to private company
Fantasy Aces Daily Fantasy Sports Corp (C:FAS)
Shares Issued 80,809,161
Last Close 11/3/2015 $0.075
Wednesday November 04 2015 - News Release
Mr. Tom Frisina reports
FANTASY ACES DAILY FANTASY SPORTS CORP. SIGNS WHITE LABEL ESPORTS AGREEMENT AND PROVIDES OPERATIONS UPDATE
Fantasy Aces Daily Fantasy Sports Corp. has signed a white label licencing agreement with a private company for the utilization of one of its operating platforms for use in the fast growing e-sports industry.
Fantasy Aces will begin its participation in the exciting eSports industry through an equity interest. The agreement provides a non-exclusive technology license to a private company that has begun to operate in the eSports industry. Fantasy Aces will not be required to commit any capital to this eSports initiative, as it earns its ownership interest through the grant of the license.
"I am excited about this agreement as it will enable Fantasy Aces to enter the eSports business without a capital commitment. Our learning from this exercise will better refine our business model as we prepare to enter this business segment in the future," says Tom Frisina, CEO of Fantasy Aces.
eSports is one of the fastest growing industries in the gaming sector. According to an ESPN.com article published on June 2015, "top eSports tourneys now draw audiences that rival the biggest traditional sporting events; popular midweek live streams routinely attract more than 100,000 online viewers." While eSports have long been biggest in Asia and Korea in particular, North America and Europe now claim 28 million eSports fans and the number is growing by 21 percent a year according to NewZoo.
For the month of October 2015, Fantasy Aces has had total prize payouts of just under $2,000,000 USD, an increase of 460% over October 2014. The NBA season began on October 26, and through the first 6 days Fantasy Aces saw an increase of 330% in game entries, 420% in prize payouts and 400% in management fees earned compared to the same timeframe in 2014.
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