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Esports Mogul shares rise on signing deal to organise esports championship series

The company will organise and stage the online tournaments for Asia’s largest esports champion series, ONE eSports.
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Esports Mogul’s shares are trading about 18% higher intra-day, at 2.7 cents.

Esports Mogul Asia Pacific Ltd (ASX:ESH) will organise and stage online esports tournaments for Asia’s largest global esports championship series, ONE eSports.

Singapore-based martial arts organisation, ONE Championship has launched ONE eSports in conjunction with Dentsu Inc., Japan’s largest global advertising agency.

ONE eSports will feature multiple blockbuster game titles across Asia and will hold esports events alongside ONE Championship martial arts events in 2019.

ONE Championship intends to invest up to US$50 million alongside other key partners into ONE eSports to create Asia’s largest global eSports Championship Series.

READ: Esports Mogul surges as online tournament platform users increase 390%

Esports Mogul is confident their involvement with the ONE eSports championship series will not only springboard user acquisition but drive awareness of the Mogul brand within Asia.

Esports Mogul managing director Gernot Abl said: “Esports Mogul is excited by ONE eSports commitment to creating Asia’slargest global esports Championship Series in 2019 and is looking forward to working with Razer and the other partners in staging the online tournaments on Mogul.”

Esports is a form of competition using video games and is one of the fastest growing industries in the world.

It is estimated that there are currently 2.2 billion gamers across all platforms globally, and in 2017 the total video game market size was estimated to be US$116 billion.

Mogul is a top-ranking tournament and matchmaking platform with full automation for major esports titles.

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