Wednesday, February 23, 2022

eSports Entertainment Group, Inc. (GMBL)
A Big Miss

Esports Entertainment Group Inc is a development-stage online gambling company focused purely on esports. The company’s principal business operations include design, develop and test wagering systems.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Disappointing quarter. The company reported fiscal second quarter end Dec. 2021 net revenue of $14.5 million, which missed our mark by a significant 30%. Our Q2 revenue estimate was $20.8 million. Adj. EBITDA loss was $6.8 million, nearly double our loss estimate of $3.45 million.


A convergence of negative factors.  The first quarter-over-quarter revenue decline in more than a year was attributable to the following: the company ceased iGaming operations in the Netherlands due to a challenging regulatory environment, European sportsbooks had extremely low hold, and the Omicron variant caused the company to delay the launch of LANDuel and the opening of a Helix esports center …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Tuesday, February 22, 2022

FAT Brands Inc. (FAT)
Press Reports Suggest CEO Wiederhorn Being Investigated

FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, and acquires predominantly fast casual restaurant concepts. The company provides turkey burgers, chicken Sandwiches, chicken tenders, burgers, ribs, wrap sandwiches, and others. Its brand portfolio comprises Fatburger, Buffalo’s Cafe and Express, and Ponderosa and Bonanza. The company’s overall footprint covers nearly 32 countries. Fatburger generates maximum revenue for the company.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

LA Times Article. Saturday, the L.A. Times published an article suggesting FAT Brands CEO Andrew Wiederhorn is being investigated for allegations of securities and wire fraud, money laundering, and attempted tax evasion. Deeper into the article, the newspaper notes that the “status of the investigation is unclear. No charges have been filed against any person or against FAT Brands…”.


But FAT Brands Not Implicated.  A key takeaway from the article, in our opinion, is that the Company itself is not being investigated or implicated in any of the alleged wrongdoing at this time. CEO Wiederhorn’s attorneys are quoted as replying, “Mr. Wiederhorn categorically denies these allegations and at the appropriated time we will demonstrate that the government has its facts wrong.” …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Tuesday, February 22, 2022

Codere Online (CDRO)
Betting on Latin America

Codere Online Luxembourg SA is an operator in online gaming and online sports betting in Latin America. The company offers online casino through its website and mobile application.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Initiating. We are initiating coverage of Codere Online. Codere Online is an international online casino and sportsbook company that operates in both Europe and Latin America. We believe the company has compelling growth prospects in Latin America, which is an emerging online gambling market.

Leveraging a strong brand.  Codere Online maintains a partnership with its parent company, Codere Group, an operator of casinos in Europe and Latin America for over 40 years. It has allowed Coder Online to quickly establish operations in Latin America, with the Codere Group providing in-person customer service, and customer data. Additionally, the partnership allows Codere Online to benefit from the …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Tuesday, February 22, 2022

Codere Online (CDRO)
Betting on Latin America

Codere Online Luxembourg SA is an operator in online gaming and online sports betting in Latin America. The company offers online casino through its website and mobile application.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Initiating. We are initiating coverage of Codere Online. Codere Online is an international online casino and sportsbook company that operates in both Europe and Latin America. We believe the company has compelling growth prospects in Latin America, which is an emerging online gambling market.

Leveraging a strong brand.  Codere Online maintains a partnership with its parent company, Codere Group, an operator of casinos in Europe and Latin America for over 40 years. It has allowed Coder Online to quickly establish operations in Latin America, with the Codere Group providing in-person customer service, and customer data. Additionally, the partnership allows Codere Online to benefit from the …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Schwazze Closes Acquisition Of Colorado Cultivation Grower Brow 2, LLC

Research, News, and Market Data on Schwazze

 

Additional Indoor Grow Acquisition Increases Cultivation Capacity
Company Continues to Execute Growth Strategy Through Acquisitions

DENVER, Feb. 16, 2022 /CNW/ – Schwazze, (OTCQX: SHWZ) (“Schwazze” or the “Company”), announced today that it has closed the transaction to acquire the assets of Brow 2, LLC, located in Denver, Colorado.  The planned transaction includes a 37,000 square foot building and equipment designed for indoor cultivation. This transaction continues Schwazze’s aggressive expansion in Colorado and will enhance the Company’s cultivation capabilities, providing product directly to its dispensaries.  The consideration for the acquisition was $6.7 million and was paid in cash at closing.

“This is another step in building operational depth and capabilities in Colorado for Schwazze.  This acquisition will add a talented team of growers, high-quality indoor flower cultivation capacity, new strain genetics, and another profitable asset to our platform. The new facility will supply our growing network of dispensaries and customers with a broad assortment of high-quality indoor flower,” said Justin Dye, Schwazze’s CEO. 

Corporate Update
Late in 2021, Schwazze announced a transformational $95 million raise with institutional investors and individuals, allowing the Company to expedite its aggressive expansion plans and become a regional MSO with operations in Colorado and New Mexico.  The Company’s differentiated strategy is to build a leadership position in retail and operational depth within its operating areas.

Since December 2021, Schwazze has completed five acquisitions adding a total of 15 cannabis dispensaries, including Smoking Gun (December 2021); Drift (February 2022); Emerald Fields (February 2022); and the ten Greenleaf New Mexico dispensaries (February 2022). See Figure #1, outlining Schwazze’s dispensary assets.

Since July 2021, the Company has acquired a total of six cultivation facilities, two in Colorado including, SCG Holding LLC (July 2021); and Brow 2 LLC (February 2022) – and four licensed in New Mexico (February 2022).  The Greenleaf New Mexico acquisition also added a manufacturing asset, Elemental Kitchen & Laboratories, LLC to the Company’s Purplebee’s manufacturing plant in Colorado.

The Company continues to evaluate merger and acquisition transactions that meet our strategic screening criteria. 

About Schwazze
Schwazze (OTCQX: SHWZ) is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to take its operating system to other states where it can develop a differentiated regional leadership position.  Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale.  The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition.  Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes.  The Company’s leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector.  Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices.  Medicine Man Technologies, Inc. was Schwazze’s former operating trade name.  The corporate entity continues to be named Medicine Man Technologies, Inc.

Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.

Figure #1

Forward-Looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “plan,” “will,” “may,”, “predicts,” or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses and realize synergies therefrom, (ix) the ongoing COVID-19 pandemic, * the timing and extent of governmental stimulus programs, (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws, and * out ability to satisfy the closing conditions for the private finding described in this press release. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.

SOURCE Schwazze

Schwazze Closes Acquisition Of Colorado Cultivation Grower Brow 2, LLC

Research, News, and Market Data on Schwazze

 

Additional Indoor Grow Acquisition Increases Cultivation Capacity
Company Continues to Execute Growth Strategy Through Acquisitions

DENVER, Feb. 16, 2022 /CNW/ – Schwazze, (OTCQX: SHWZ) (“Schwazze” or the “Company”), announced today that it has closed the transaction to acquire the assets of Brow 2, LLC, located in Denver, Colorado.  The planned transaction includes a 37,000 square foot building and equipment designed for indoor cultivation. This transaction continues Schwazze’s aggressive expansion in Colorado and will enhance the Company’s cultivation capabilities, providing product directly to its dispensaries.  The consideration for the acquisition was $6.7 million and was paid in cash at closing.

“This is another step in building operational depth and capabilities in Colorado for Schwazze.  This acquisition will add a talented team of growers, high-quality indoor flower cultivation capacity, new strain genetics, and another profitable asset to our platform. The new facility will supply our growing network of dispensaries and customers with a broad assortment of high-quality indoor flower,” said Justin Dye, Schwazze’s CEO. 

Corporate Update
Late in 2021, Schwazze announced a transformational $95 million raise with institutional investors and individuals, allowing the Company to expedite its aggressive expansion plans and become a regional MSO with operations in Colorado and New Mexico.  The Company’s differentiated strategy is to build a leadership position in retail and operational depth within its operating areas.

Since December 2021, Schwazze has completed five acquisitions adding a total of 15 cannabis dispensaries, including Smoking Gun (December 2021); Drift (February 2022); Emerald Fields (February 2022); and the ten Greenleaf New Mexico dispensaries (February 2022). See Figure #1, outlining Schwazze’s dispensary assets.

Since July 2021, the Company has acquired a total of six cultivation facilities, two in Colorado including, SCG Holding LLC (July 2021); and Brow 2 LLC (February 2022) – and four licensed in New Mexico (February 2022).  The Greenleaf New Mexico acquisition also added a manufacturing asset, Elemental Kitchen & Laboratories, LLC to the Company’s Purplebee’s manufacturing plant in Colorado.

The Company continues to evaluate merger and acquisition transactions that meet our strategic screening criteria. 

About Schwazze
Schwazze (OTCQX: SHWZ) is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to take its operating system to other states where it can develop a differentiated regional leadership position.  Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale.  The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition.  Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes.  The Company’s leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector.  Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices.  Medicine Man Technologies, Inc. was Schwazze’s former operating trade name.  The corporate entity continues to be named Medicine Man Technologies, Inc.

Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.

Figure #1

Forward-Looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “plan,” “will,” “may,”, “predicts,” or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses and realize synergies therefrom, (ix) the ongoing COVID-19 pandemic, * the timing and extent of governmental stimulus programs, (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws, and * out ability to satisfy the closing conditions for the private finding described in this press release. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.

SOURCE Schwazze

Wednesday, February 16, 2022

Bowlero (BOWL)
A Combination Of Growth And Roll-up That Hits The Mark

Bowlero Corp. is the worldwide leader in bowling entertainment. With more than 300 bowling centers across North America, Bowlero Corp. serves more than 26 million guests each year through a family of brands that includes Bowlero, Bowlmor Lanes, and AMF. Bowlero Corp. is also home to the Professional Bowlers Association, which it acquired in 2019 and which boasts thousands of members and millions of fans across the globe. For more information on Bowlero Corp., please visit BowleroCorp.com.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Initiating. We are initiating coverage of Bowlero, the largest bowling operator and the owner of the Professional Bowlers Association (PBA). We believe that the BOWL shares trade at a substantial discount to other entertainment oriented companies. In our view, Bowlero appears to have a better growth profile than many of its peers.


A growth oriented business that generates significant cash flow.  Bowling has enjoyed a renaissance since 2010 with same store revenue growth and with high margins, save 2020 due to the pandemic. The company recently reported strong revenue growth that is above pre-Covid levels, which implies that the industry has recovered and is on a favorable growth trajectory …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Wednesday, February 16, 2022

ACCO Brands (ACCO)
Record 4Q21 Revenue; Expecting Additional Growth in 2022

ACCO Brands Corporation designs, manufactures, sources, markets, and sells office products, academic supplies, and calendar products primarily in the United States, Canada, Northern Europe, Brazil, Australia, and Mexico. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers office products, such as stapling, binding and laminating equipment, and related consumable supplies, as well as shredders and whiteboards; and academic products, including notebooks, folders, decorative calendars, and stationery products. It also provides private label products, as well as business machine maintenance and repair services. The company offers its business, academic, and calendar product lines under the Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra, Wilson Jones, and other brand names. In addition, it designs, sources, distributes, markets, and sells accessories for laptop and desktop computers, and tablets comprising security products; input devices, such as presenters, mice, and trackballs; ergonomic aids, including foot and wrist rests; docking stations; and other personal computers and tablet accessories under the Kensington, Microsaver, and ClickSafe brand names. The company sells its products to consumers and commercial end-users primarily through resellers, including traditional office supply resellers, wholesalers, mass merchandisers, and retailers, as well as directly to consumers through on-line and direct mail. ACCO Brands Corporation is headquartered in Lake Zurich, Illinois.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

4Q21 Operating Results. ACCO reported record 4Q21 revenue of $570.3 million, up 24.0% and up 8.4% on a comparable basis, with all segments posting growth. Consensus was $561 million and we had forecast $545 million. Adjusted EPS was $0.54, compared to $0.39 last year. We had forecast adjusted EPS of $0.50 and consensus was $0.48.


Segments.  NA sales up 47% to $271 million, with comp sales up 13% in the quarter. Adjusted operating income rose 99% to $42 million. EMEA sales of $188 million, up 9% with comp sales up 5%. Adjusted operating income down 15% to $25 million due to higher logistics and commodity costs. International sales rose 7% to $11 million and were up 6% on a comp basis. Adjusted operating income rose 72% to $23 …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Motorsport Games Announces Next Gen Car For Nascar 21: Ignition

Research, News, and Market Data on Motorsport Games

 

UPDATE ARRIVES AHEAD OF THE SEASON KICKOFF AT THE DAYTONA 500, WHERE LIVE FAST MOTORSPORTS WILL RACE WITH A NASCAR 21: IGNITION PAINT SCHEME

MIAMI, Feb. 15, 2022 (GLOBE NEWSWIRE) — Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games”), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, announces today the addition of NASCAR’s Next Gen car to NASCAR 21: Ignition, the officially licensed  video game of the world’s most popular stock car racing series. The Next Gen car update will be available starting Thursday, February 17, 2022 within a new “Test Drive mode” for players on all platforms (PlayStation, Xbox and PC).

The Next Gen car update arrives just in time for the start of the 2022 NASCAR regular season and its first race – the Daytona 500 – scheduled to be held Sunday, February 20, 2022. With the Next Gen cars being the most highly anticipated change coming to NASCAR this year, Motorsport Games has been working on implementing the car into NASCAR 21: Ignition since its launch to ensure that players will have authentic representation of the sport in its most current state. Players can look forward to driving the No. 78 Live Fast Motorsports Next Gen Ford Mustang test car in-game within the all-new Test Drive mode, getting a handle on the new car for the first time.

“Our development team couldn’t be happier about adding Next Gen cars to the current iteration of Ignition, especially prior to the kickoff of the 2022 NASCAR season,” said George Holmquist, Vice President of Publishing and Marketing at Motorsport Games. “We have shared in the excitement of our players and NASCAR fans with this highly anticipated game addition. We made sure to recreate the Next Gen car as close to its real-life counterpart as possible and we can’t wait for everyone to get acclimated with driving the newest stock car in-game, just like the drivers will be throughout the year.”

Not only will users at home get to use the Next Gen cars in-game, but attendees of the Daytona 500 race weekend will have the opportunity to test drive the Next Gen car at the eNASCAR Arcade on site. Players will be able to drive the car around the iconic Daytona International Speedway prior to the showcase event on race day. Motorsport Games representatives will be on hand to assist players and answer questions about the newest update.

In addition, fans can look forward to kicking off the 2022 NASCAR season with a Free Play Weekend of NASCAR 21: Ignition, available on the Xbox platform from February 17 – 20, 2022. The game comes complete with a number of modes, such as Race Now, Online Multiplayer and the brand new Paint Booth. NASCAR 21: Ignition contains all drivers, teams and tracks from the 2021 NASCAR Cup Series season and is accessible for players of all skill levels.

The Daytona 500 weekend will also see Live Fast Motorsports kick off the second year of its partnership with Motorsport Games by racing with a NASCAR 21: Ignition and Xbox-themed scheme on its No. 78 Ford Mustang. This marks the first of seven select races this season that B.J. McLeod’s No. 78 car will feature a Motorsport Games-inspired livery. Additionally, McLeod will race with a custom-designed Motorsport Games helmet and the Live Fast Motorsports pit crew will wear Motorsport Games branded fire suits throughout the season.

To purchase NASCAR 21: Ignition, please visit the PlayStation Store, Xbox Store and Steam.

To keep up with the latest Motorsport Game news visit www.motorsportgames.com and follow on Twitter, Instagram, Facebook and LinkedIn.

About Motorsport Games:
Motorsport Games, a Motorsport Network company, combines innovative and engaging video games with exciting esports competitions and content for racing fans and gamers around the globe. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series across PC, PlayStation, Xbox, Nintendo Switch and mobile, including NASCAR, INDYCAR, 24 Hours of Le Mans and the British Touring Car Championship (“BTCC”). Motorsport Games is an award-winning esports partner of choice for 24 Hours of Le Mans, Formula E, BTCC, the FIA World Rallycross Championship and the eNASCAR Heat Pro League, among others.

Forward-Looking Statements:
Certain statements in this press release which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning the Company’s expectations regarding the future impact of new or planned products, features, offerings or events, and the timing of launching such products, features, offerings or events. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Motorsport Games and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to the Company experiencing difficulties and/or delays in enhancing the quality of its product offerings that could negatively impact its future development plans, such as due to difficulties or delays in launching new products, higher than anticipated costs incurred in developing, launching and continuing to enhance and improve such products and/or less than anticipated consumer acceptance of the Company’s products and/or difficulties, delays in or unanticipated events that may impact the timing and scope of new product launches, such as due to delays and higher than anticipated expenses related to the ongoing and prolonged COVID-19 pandemic and related economic lockdowns and government mandates; unanticipated operating costs, transaction costs and actual or contingent liabilities; adverse effects of increased competition; and unanticipated changes in consumer behavior, including as a result of general economic factors, such as increased inflation. Factors other than those referred to above could also cause Motorsport Games’ results to differ materially from expected results. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Motorsport Games and are difficult to predict. Factors other than those referred to above could also cause Motorsport Games’ results to differ materially from expected results. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in Motorsport Games’ filings with the SEC, which may be found at www.sec.gov and at ir.motorsportgames.com, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, its Quarterly Reports on Form 10-Q filed with the SEC during 2021, as well as in its subsequent filings with the SEC. Motorsport Games anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Motorsport Games assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Motorsport Games’ plans and expectations as of any subsequent date. Additionally, the business and financial materials and any other statement or disclosure on, or made available through, Motorsport Games’ website or other websites referenced or linked to this press release shall not be incorporated by reference into this press release.

Website and Social Media Disclosure:
Investors and others should note that we announce material financial information to our investors using our investor relations website (ir.motorsportgames.com), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media and blogs, to communicate with our investors and the public about our company and our products. It is possible that the information we post on our websites, social media and blogs could be deemed to be material information. Therefore, we encourage investors, the media and others interested in our company to review the information we post on the websites, social media channels and blogs, including the following (which list we will update from time to time on our investor relations website):

The contents of these websites and social media channels are not part of, nor will they be incorporated by reference into, this press release.

Investors:
Ashley DeSimone
Ashley.Desimone@icrinc.com

Press:
Motorsport Games PR
press@motorsportgames.com

  Image Credit: Livewire

Michael Burry’s Public Investments in SPACs, Prisons, and Electric Hogs

 

NEW Filing: Michael Burry’s Stock Market Holdings (Filed May 16, 2022)

On February 14, Michael Burry filed his company’s holdings report with the SEC.  Relative to the previous quarter there was a little reshuffling of his positions. While many fund managers and successful investors such as Cathie Wood are talking about their ideas several times a week in the news, Burry is more quiet. A good way to understand Burry’s thinking and Scion Asset Management’s direction is to review changes to his 13F holdings. Or, hope for a rare
tweet.

Below we list all of Scion’s public company purchases and sales then provide information so you may drill down even deeper into Burry’s small and microcap holdings.  

 

 

Why it Matters

No one would disagree that Burry’s investment universe is broader than the average self-directed investor and even deeper than the average hedge fund manager.  With this in mind, out of the entire universe of publicly held corporations he could hold, there are only six that Burry’s portfolio owned at the end of the fourth quarter. One is a SPAC that is merging with an electric vehicle (EV) company. Two are small-cap holdings Scion had owned the previous quarter – Burry lightened up on one position and added to another. Three new large-cap purchases that round out the rest of the holdings span the defense, finance, and pharmaceutical industries.

Holdings Top to Bottom

Scion’s largest holding is Bristol-Myers Squibb (BMY). BMY had a market value on filing date of $18.7M, Scion’s position represents .014% of the company. The large pharmaceutical company was added last quarter while holdings in drug retailer CVS were brought to zero during the quarter.

Insurance company Fidelity National Financial, Inc. (FNF) provides various insurance products in the US with a large focus on real estate-related products. This includes title insurance, escrow, and other title-related services. FNF also provides technology and transaction services to the real estate and mortgage industries. Plus, life insurance products including annuities. The company had a market value on the filing date
of $16.96M, Scion’s position represents .114% of the company.

General Dynamics Corporation (GD) is a large U.S. aerospace and defense contractor. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. GD had a market value on the filing date of $16.68, Scion’s position represents .287% of the company. Scion’s position in defense contractor Lockheed Martin (LMT) was brought to zero during the quarter.

On Dec. 13, 2021 Harley-Davidson, Inc. (HOG), announced that AEA-Bridges Impact Corp. (IMPX), a special purpose acquisition company or SPAC with a focus on sustainability, entered into a definitive business combination agreement under which they will combine with LiveWire. LiveWire which will trade under ticker LVW is Harley-Davidson’s electric motorcycle division. The deal will create a new publicly-traded company. Michael Burry added this SPAC to Scion’s holdings. As of year-end, Scion owned 2.50% of the special purpose company or $9.99M.

The GEO Group (GEO) is a correctional facility that specializes in the ownership, leasing, and management of correctional, detention, and reentry facilities. The market value of Scion’s position was $6.69 million at quarter-end, which represented 6.94% of the company’s market value. Burry rebalanced this position which was carried over from the previous quarter as he reduced his holdings by 26%.

CoreCivic (CXW) is a publicly owned prison system that was trading as a REIT up until January 2021, it now trades as a Regular C-Corporation. Scion took a position during the third quarter of last year and apparently added to it. Burry’s quarter-end $5.54M position represents .46% of the company. During the quarter Burry increased the share of the company his fund holds by .34%.

 

Take-Away

Dr. Burry has an excellent record of spotting investment opportunities before the rest of the market catches up. His picks are as disparate as the mortgage market in 2008 and GameStop (GME) in 2020.

Recent research (GEO, CXW), and recorded interviews with management (CXW), and other small/microcap companies are available and regularly updated on Channelchek. Channelchek also closely follows and reports on the SPAC market with SPACtrac coverage and informative articles.

Sign-up to receive updates in your inbox.

 

Suggested Reading

One Great Protection Inherent in SPACs for Investors

Michael Burry’s Investments in Health, Bombs, and Bars

EV SPAC Activity Accelerated in 2021

Analysis of a SPAC

 

Sources

https://investor.harley-davidson.com/news-releases/news-release-details/livewire-become-first-publicly-traded-ev-motorcycle-company-us

https://investor.harley-davidson.com/news-releases/news-release-details/livewire-become-first-publicly-traded-ev-motorcycle-company-us

https://whalewisdom.com/filer/scion-asset-management-llc#tabholdings_tab_link

https://13f.info/manager/0001649339-scion-asset-management-llc

https://www.corecivic.com/

https://www.geogroup.com/

 

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  Image Credit: Livewire

Michael Burry’s Public Investments in SPACs, Prisons, and Electric Hogs

 

On February 14, Michael Burry filed his company’s holdings report with the SEC.  Relative to the previous quarter there was a little reshuffling of his positions. While many fund managers and successful investors such as Cathie Wood are talking about their ideas several times a week in the news, Burry is more quiet. A good way to understand Burry’s thinking and Scion Asset Management’s direction is to review changes to his 13F holdings. Or, hope for a rare
tweet.

Below we list all of Scion’s public company purchases and sales then provide information so you may drill down even deeper into Burry’s small and microcap holdings.  

 

 

Why it Matters

No one would disagree that Burry’s investment universe is broader than the average self-directed investor and even deeper than the average hedge fund manager.  With this in mind, out of the entire universe of publicly held corporations he could hold, there are only six that Burry’s portfolio owned at the end of the fourth quarter. One is a SPAC that is merging with an electric vehicle (EV) company. Two are small-cap holdings Scion had owned the previous quarter – Burry lightened up on one position and added to another. Three new large-cap purchases that round out the rest of the holdings span the defense, finance, and pharmaceutical industries.

Holdings Top to Bottom

Scion’s largest holding is Bristol-Myers Squibb (BMY). BMY had a market value on filing date of $18.7M, Scion’s position represents .014% of the company. The large pharmaceutical company was added last quarter while holdings in drug retailer CVS were brought to zero during the quarter.

Insurance company Fidelity National Financial, Inc. (FNF) provides various insurance products in the US with a large focus on real estate-related products. This includes title insurance, escrow, and other title-related services. FNF also provides technology and transaction services to the real estate and mortgage industries. Plus, life insurance products including annuities. The company had a market value on the filing date
of $16.96M, Scion’s position represents .114% of the company.

General Dynamics Corporation (GD) is a large U.S. aerospace and defense contractor. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. GD had a market value on the filing date of $16.68, Scion’s position represents .287% of the company. Scion’s position in defense contractor Lockheed Martin (LMT) was brought to zero during the quarter.

On Dec. 13, 2021 Harley-Davidson, Inc. (HOG), announced that AEA-Bridges Impact Corp. (IMPX), a special purpose acquisition company or SPAC with a focus on sustainability, entered into a definitive business combination agreement under which they will combine with LiveWire. LiveWire which will trade under ticker LVW is Harley-Davidson’s electric motorcycle division. The deal will create a new publicly-traded company. Michael Burry added this SPAC to Scion’s holdings. As of year-end, Scion owned 2.50% of the special purpose company or $9.99M.

The GEO Group (GEO) is a correctional facility that specializes in the ownership, leasing, and management of correctional, detention, and reentry facilities. The market value of Scion’s position was $6.69 million at quarter-end, which represented 6.94% of the company’s market value. Burry rebalanced this position which was carried over from the previous quarter as he reduced his holdings by 26%.

CoreCivic (CXW) is a publicly owned prison system that was trading as a REIT up until January 2021, it now trades as a Regular C-Corporation. Scion took a position during the third quarter of last year and apparently added to it. Burry’s quarter-end $5.54M position represents .46% of the company. During the quarter Burry increased the share of the company his fund holds by .34%.

 

Take-Away

Dr. Burry has an excellent record of spotting investment opportunities before the rest of the market catches up. His picks are as disparate as the mortgage market in 2008 and GameStop (GME) in 2020.

Recent research (GEO, CXW), and recorded interviews with management (CXW), and other small/microcap companies are available and regularly updated on Channelchek. Channelchek also closely follows and reports on the SPAC market with SPACtrac coverage and informative articles.

Sign-up to receive updates in your inbox.

 

Suggested Reading

One Great Protection Inherent in SPACs for Investors

Michael Burry’s Investments in Health, Bombs, and Bars

EV SPAC Activity Accelerated in 2021

Analysis of a SPAC

 

Sources

https://investor.harley-davidson.com/news-releases/news-release-details/livewire-become-first-publicly-traded-ev-motorcycle-company-us

https://investor.harley-davidson.com/news-releases/news-release-details/livewire-become-first-publicly-traded-ev-motorcycle-company-us

https://whalewisdom.com/filer/scion-asset-management-llc#tabholdings_tab_link

https://13f.info/manager/0001649339-scion-asset-management-llc

https://www.corecivic.com/

https://www.geogroup.com/

 

Stay up to date. Follow us:

Motorsport Games Announces Next Gen Car For Nascar 21: Ignition

Research, News, and Market Data on Motorsport Games

 

UPDATE ARRIVES AHEAD OF THE SEASON KICKOFF AT THE DAYTONA 500, WHERE LIVE FAST MOTORSPORTS WILL RACE WITH A NASCAR 21: IGNITION PAINT SCHEME

MIAMI, Feb. 15, 2022 (GLOBE NEWSWIRE) — Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games”), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, announces today the addition of NASCAR’s Next Gen car to NASCAR 21: Ignition, the officially licensed  video game of the world’s most popular stock car racing series. The Next Gen car update will be available starting Thursday, February 17, 2022 within a new “Test Drive mode” for players on all platforms (PlayStation, Xbox and PC).

The Next Gen car update arrives just in time for the start of the 2022 NASCAR regular season and its first race – the Daytona 500 – scheduled to be held Sunday, February 20, 2022. With the Next Gen cars being the most highly anticipated change coming to NASCAR this year, Motorsport Games has been working on implementing the car into NASCAR 21: Ignition since its launch to ensure that players will have authentic representation of the sport in its most current state. Players can look forward to driving the No. 78 Live Fast Motorsports Next Gen Ford Mustang test car in-game within the all-new Test Drive mode, getting a handle on the new car for the first time.

“Our development team couldn’t be happier about adding Next Gen cars to the current iteration of Ignition, especially prior to the kickoff of the 2022 NASCAR season,” said George Holmquist, Vice President of Publishing and Marketing at Motorsport Games. “We have shared in the excitement of our players and NASCAR fans with this highly anticipated game addition. We made sure to recreate the Next Gen car as close to its real-life counterpart as possible and we can’t wait for everyone to get acclimated with driving the newest stock car in-game, just like the drivers will be throughout the year.”

Not only will users at home get to use the Next Gen cars in-game, but attendees of the Daytona 500 race weekend will have the opportunity to test drive the Next Gen car at the eNASCAR Arcade on site. Players will be able to drive the car around the iconic Daytona International Speedway prior to the showcase event on race day. Motorsport Games representatives will be on hand to assist players and answer questions about the newest update.

In addition, fans can look forward to kicking off the 2022 NASCAR season with a Free Play Weekend of NASCAR 21: Ignition, available on the Xbox platform from February 17 – 20, 2022. The game comes complete with a number of modes, such as Race Now, Online Multiplayer and the brand new Paint Booth. NASCAR 21: Ignition contains all drivers, teams and tracks from the 2021 NASCAR Cup Series season and is accessible for players of all skill levels.

The Daytona 500 weekend will also see Live Fast Motorsports kick off the second year of its partnership with Motorsport Games by racing with a NASCAR 21: Ignition and Xbox-themed scheme on its No. 78 Ford Mustang. This marks the first of seven select races this season that B.J. McLeod’s No. 78 car will feature a Motorsport Games-inspired livery. Additionally, McLeod will race with a custom-designed Motorsport Games helmet and the Live Fast Motorsports pit crew will wear Motorsport Games branded fire suits throughout the season.

To purchase NASCAR 21: Ignition, please visit the PlayStation Store, Xbox Store and Steam.

To keep up with the latest Motorsport Game news visit www.motorsportgames.com and follow on Twitter, Instagram, Facebook and LinkedIn.

About Motorsport Games:
Motorsport Games, a Motorsport Network company, combines innovative and engaging video games with exciting esports competitions and content for racing fans and gamers around the globe. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series across PC, PlayStation, Xbox, Nintendo Switch and mobile, including NASCAR, INDYCAR, 24 Hours of Le Mans and the British Touring Car Championship (“BTCC”). Motorsport Games is an award-winning esports partner of choice for 24 Hours of Le Mans, Formula E, BTCC, the FIA World Rallycross Championship and the eNASCAR Heat Pro League, among others.

Forward-Looking Statements:
Certain statements in this press release which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning the Company’s expectations regarding the future impact of new or planned products, features, offerings or events, and the timing of launching such products, features, offerings or events. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Motorsport Games and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to the Company experiencing difficulties and/or delays in enhancing the quality of its product offerings that could negatively impact its future development plans, such as due to difficulties or delays in launching new products, higher than anticipated costs incurred in developing, launching and continuing to enhance and improve such products and/or less than anticipated consumer acceptance of the Company’s products and/or difficulties, delays in or unanticipated events that may impact the timing and scope of new product launches, such as due to delays and higher than anticipated expenses related to the ongoing and prolonged COVID-19 pandemic and related economic lockdowns and government mandates; unanticipated operating costs, transaction costs and actual or contingent liabilities; adverse effects of increased competition; and unanticipated changes in consumer behavior, including as a result of general economic factors, such as increased inflation. Factors other than those referred to above could also cause Motorsport Games’ results to differ materially from expected results. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Motorsport Games and are difficult to predict. Factors other than those referred to above could also cause Motorsport Games’ results to differ materially from expected results. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in Motorsport Games’ filings with the SEC, which may be found at www.sec.gov and at ir.motorsportgames.com, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, its Quarterly Reports on Form 10-Q filed with the SEC during 2021, as well as in its subsequent filings with the SEC. Motorsport Games anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Motorsport Games assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Motorsport Games’ plans and expectations as of any subsequent date. Additionally, the business and financial materials and any other statement or disclosure on, or made available through, Motorsport Games’ website or other websites referenced or linked to this press release shall not be incorporated by reference into this press release.

Website and Social Media Disclosure:
Investors and others should note that we announce material financial information to our investors using our investor relations website (ir.motorsportgames.com), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media and blogs, to communicate with our investors and the public about our company and our products. It is possible that the information we post on our websites, social media and blogs could be deemed to be material information. Therefore, we encourage investors, the media and others interested in our company to review the information we post on the websites, social media channels and blogs, including the following (which list we will update from time to time on our investor relations website):

The contents of these websites and social media channels are not part of, nor will they be incorporated by reference into, this press release.

Investors:
Ashley DeSimone
Ashley.Desimone@icrinc.com

Press:
Motorsport Games PR
press@motorsportgames.com

Motorsport Games And Adam Breeden Announce Global Agreement With Formula 1® To Create Next-Level Competitive Socialising Experience, Launching In London In 2022

Research, News, and Market Data on Motorsport Games

 

MIAMI, Feb. 14, 2022 (GLOBE NEWSWIRE) — Adam Breeden, the pioneer of competitive socialising in the UK and entrepreneurial force behind some of the sector’s most successful concepts, has announced plans for his most ambitious and exciting project yet – an immersive, state of the art F1^® racing simulation experience, gamified for a mass audience, in a unique global licence agreement with Formula 1^®.

Formula 1’s commitment to the partnership is reflected in the fact that the global sporting brand has chosen to take a meaningful equity position in the new company. Through the exclusive, long-term partnership, as many as 30 venues will be rolled out worldwide in the next five years, and Kindred Concepts have agreed a conditional lease with Landsec to launch the new concept at One New Change, the premier retail and leisure destination in the City of London, in Q4 2022.

Kindred Concepts, a new company founded by Adam Breeden, co-founder of Puttshack, Flight Club, Bounce, All Star Lanes and Hijingo, and backed by leisure and entertainment sector investor Imbiba, together with Formula 1^®, will operate the new concept, taking competitive socialising to the next level with a premium offering promising best-in-class hospitality and design.

Fusing racing and gaming, with the fun of competitive socialising, and the glamour and spirit of F1^®, the concept will cater to a wide range of groups and occasions, from fun-filled nights out, to family experiences, corporate events and everything in between, boasting an impressive feature bar with an extensive offering, surrounded by dining and drinks areas with elevated food menus.

Adam Breeden, Founder and Chief Executive Officer of Kindred Concepts, said: “When people come to one of our venues, we have to wow them, and this new concept is going to take people’s breath away. With our knowledge of creating best-in-class concepts and operations, and the strength of the Formula One brand, we are going to break barriers in competitive socialising, marrying cutting edge technology, a premium F&B offering, and a visually stimulating setting, with the unrivalled glamour and excitement of F1, to create an unforgettable, adrenaline-fuelled experience.”

Ben Pincus, Director of Commercial Partnerships, Formula 1^®, said: “We’re thrilled to partner with best-in-class operators on this global opportunity, which will create an incredible entertainment experience for a worldwide audience, and a go-to hospitality venue for Formula 1 fans and non-fans alike. The racing simulators will bring to life the experience of driving a Formula 1 car in a high-octane, stylish and fun environment, giving more people the opportunity to enjoy and get closer to the world of F1.”

An in-house tech team is working with Studio 397, part of Motorsport Games (NASDAQ: MSGM), a leading racing game developer, publisher and esports ecosystem provider, and Formula 1^®, to create a new gaming experience leveraging Studio 397’s racing simulation platform rFactor 2 for this groundbreaking concept.

Dmitry Kozko, CEO, Motorsport Games, said: “We’re honoured to work with Kindred Concepts and Formula 1 to help successfully launch this cutting-edge gaming experience. Motorsport Games prides itself on the authenticity and realism brought to each of our games and the simulators at this venue will be no different. We look forward to each guest getting a true to life feel of driving a Formula 1 car in these state-of-the-art simulators in this unique setting.”

For the site at One New Change, up to sixty bespoke, cutting-edge motion racing simulators are being designed by a leading simulator design company, in collaboration with F1^®. Guests will choose from a variety of racing modes to compete against each other individually, in team-based groups or as part of all-venue racing formats, with different car modes for all ages and abilities making it competitive and exciting for all who race, regardless of skill. The venue will also provide enhanced experiences on Grands Prix weekends.

Marcus Geddes, Managing Director – Central London at Landsec, said: “The growing popularity of leisure across our retail destinations is driven by unique, one-of-a-kind experiences that can’t be had anywhere else – and this world-first with Formula 1 goes above and beyond. The scale of this exciting new concept is a valuable addition to the City and its surrounding communities, and will provide guests at One New Change with an unforgettable day or night out.”

Kindred Concepts aims to roll out at pace from launch, with a mixture of owned and operated venues, joint ventures, and franchise partnerships. Target locations include the UK, the US, key western European Cities, the Middle East and Asia.  

The new concept will be operated by Kindred Concepts, a new venture formed of a senior team that comprises many of Breeden’s long-term business partners, including Diane Jervis, Chief Development Officer.

Further information about the launch of the concept at One New Change will be revealed later this year.

About Kindred Concepts:

Kindred Concepts was founded by Adam Breeden, the pre-eminent figure in competitive socialising in the UK. Breeden co-founded Puttshack, Flight Club, Bounce, All Star Lanes and Hijingo, and was also the founder of multi-award winning cocktail bar and restaurant, The Lonsdale.

The senior management team includes chairman Stephen Murphy, former Group CEO of Virgin Group; CFO Jonathan Peters, formerly CFO for Caprice Holdings, Ivy Collection, Bill’s Restaurant, Birley Clubs and Everyman Cinemas; Chief Development Officer, Diane Jervis, who launched Bounce and brought Puttshack and Hijingo concepts to market, and COO Roberto Moretti, former UK COO of Puttshack and of Bills Restaurants.

Chief Technology Officer, Gavin Williams, was the Founder and CEO of Quander.io, delivering multi-sensory and measurable digital brand experiences for the likes of Sky, BMW and the NBA; Oliver Raison, Creative Product Director and Jonique Izidoro, Projects & Systems Director, both founding members of Adam’s core team as part of Bounce and creating and delivering Puttshack, Hijingo and AceBounce.

About Formula 1^®:

Formula 1^® racing began in 1950 and is the world’s most prestigious motor racing competition, as well as the world’s most popular annual sporting series. Formula One World Championship Limited is part of Formula 1^® and holds the exclusive commercial rights to the FIA Formula One World Championship™. Formula 1^® is a subsidiary of Liberty Media Corporation (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) attributed to the Formula One Group tracking stock. The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trademarks of Formula One Licensing BV, a Formula 1 company. All rights reserved.

About Landsec

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £11 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities. Find out more at landsec.com

About Motorsport Games:

Motorsport Games, a Motorsport Network company, combines innovative and engaging video games with exciting esports competitions and content for racing fans and gamers around the globe. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series, including NASCAR, INDYCAR, 24 Hours of Le Mans and the British Touring Car Championship (“BTCC”), across PC, PlayStation, Xbox, Nintendo Switch and mobile. Motorsport Games is an award-winning esports partner of choice for 24 Hours of Le Mans, Formula E, BTCC, the FIA World Rallycross Championship and the eNASCAR Heat Pro League, among others. For more information about Motorsport Games, visit www.motorsportgames.com.

Press:
ASTRSK PR
motorsportgames@astrskpr.com