The corporate owned gaming center revenues combined with royalties and fees from franchisee owned locations set a record in March and again in April.
Boca Raton, Florida, May 10, 2021 (GLOBE NEWSWIRE) — Simplicity Esports and Gaming Company (OTCQB:WINR) (“Simplicity Esports”), announced that its esports gaming centers experienced record revenue in the month of March and again in the month of April. Simplicity Esports now owns a total of 15 gaming centers, of which nine are operating with 25% to 75% capacity limitations. 11 of 18 franchise gaming center locations have reopened and are operating at various capacities.
Roman Franklin, CEO of Simplicity Esports, stated, “We recently announced a record quarter for revenue for the period ended February 28, 2021. That trend has continued into March and April. We plan to continue with strategic gaming center acquisitions, as well as construction of new locations, throughout 2021. Assuming no new material COVID-19 restrictions, I believe corporate-owned gaming center profitability is achievable in the near term, as all of our corporate locations have percentage rent lease agreements with the respective landlords.”
Simplicity Esports intends to list its common stock and warrants on The NASDAQ Capital Market or the NYSE American. There is no guarantee that the listing application will be approved by The Nasdaq Capital Market or the NYSE American.
About Simplicity Esports and Gaming Company:
Simplicity Esports and Gaming Company (WINR) is