Enthusiast Gaming Holdings Inc T.EGLX

Vaguely related

[templetooth2]

Some of these gaming properties seem to be transacting at eye-watering sums, but un-Enthusiast-ic can't seem to join the parade. News earlier today:

• Sony Pictures Entertainment (SONY -0.5%) has a deal to sell its GSN Games unit (part of Game Show Network) to mobile game maker Scopely for about $1 billion in cash and stock.
• Scopely is taking on GSN Games' portfolio of free-to-play mobile and online games, including Solitaire TriPeaks, Bingo Bash and Wheel of Fortune Slots.
• And GSN Games CEO Mark Feldman will move over to Scopely and continue overseeing the operation.
• GSN Games says Bingo Bash has been played by more than 70 million players with a cumulative total of 60,000 years in the game, and that more than 100 million hands are played per week in Solitaire TriPeaks.
• Scopely's most recent funding round valued the game developer at $3.3 billion.

Its other games include Scrabble Go, Marvel Strike Force, Star Trek Fleet Command, Looney Tunes World of Mayhem, WWE Champions, The Walking Dead: Road to Survival, Yahtzee with Buddies and Wheel of Fortune: Free Play

[MarlinLong]

yes, I am sure many shareholders think the same. The big difference I see with other compoanies in the space who would appear to have a less robust business model but much higher valuations is that they have significant sponsorship whether its a Sony in this case or in other cases a known VC or PE firm that have the connections and markeitng chops to get growth tech like valuations. EGLX on the

[retiredcf]

Setting aside Canaccord, the only other steady supporter that EGLX seems to have is the team at 5iResearch who are convinced that this should be a solid long term investment despite the very poor performance of the SP to date. GLTA

[MarlinLong]

and RBC who recently put out a CAD$9.00 price target also.