Most recently on April 19, 2021, the Canadian eSports entertainment and gaming corporation Mobius Interactive has announced that a private share placement of 5 million at CA$0.40 will be raising CA$2 million in finances. The company stated that a big percentage of the funds will be used for marketing campaigns in the world’s biggest iGaming markets.
Mobius Interactive is an online eSports entertainment and gaming company based in Canada and provides unique brands of products to the gaming industry. The headquarters of the company is in Vancouver and it was launched in 2020, the multichannel corporation provides sports wagering and gaming offerings to a broad number of demographics.
After the news of the brand-new funds being acquired, the company informed that a portion of the financing will be used to support marketing projects in the world’s biggest iGaming stages such as India, Brazil, and Mexico. The iGaming market has enjoyed a significant rise in interest during the lockdown restrictions and it is projected to grow from its current US$60 billion to more than US$92 billion by 2023.
CEO of the iGaming company Lynn Pearce has given more information about the company’s future projects. She stated that the firm is determined and confident that its commitment to product innovation and customer excellence will be great foundations for success as the corporation plans on entering the said country’s iGaming markets.
For the time being the company already operates a number of sportsbooks in Europe and in Scandinavia in particular. Through the offerings, local fans can place bets on favorite teams and upcoming matches and access a variety of iGaming casinos, live casinos, and eSports solutions. Additionally, the company currently negotiates with a regulated land-based casino in Mexico, for collaboration in order to access the Mexican gaming markets.
Seamus Byrne, Vice President for Business Development at the rapidly growing iGaming company has also said a few words on the firm’s budget plans. According to him, the market is in a very suitable growth position this year and it is already outperforming other markets. He stated that the opportunity to enter a market with a high return on investment is right now as the company offers real growth value in the field.
And speaking of the growing eSports market, The Gaming Experience event was hosted in British Columbia last year between September 18 and 20. The convention aimed towards further popularizing competitive video games and the country and showcase the newest gaming offerings. This annual event will certainly grab the interest of every local gamer who wants to further familiarize themself with the subject of competitive eSports.
Calgary has also joined in on the eSports trend as the city has launched its first-ever eSports bar. The facility offers a set of premium gaming offerings for gamers to enjoy. The new gaming bar was launched in June 2019, and it has attracted huge interest among local Albertans, who are ready to take part in its many digital tournaments.
Source: “Mobius Interactive Ltd. announces $2M financing”, Globe Newswire, April 19, 2021