Esports and gaming have transformed from a niche subsector to a staple form of entertainment in recent years. Perhaps the pandemic shone a spotlight onto the industry as stadium ticket sales transitioned to the internet. One thing is clear, esports and gaming are here to stay, providing blue sky opportunities for certain stocks. ESE Entertainment Inc (CVE:ESE, OTCMKTS:ENTEF) has carved out a niche for itself within the growing industry and is looking to become one of the biggest global esports/gaming infrastructure companies.
CEO Konrad Wasiela learned the skills required to succeed in business and the different subsectors of the entertainment industry while playing professional football. As esports is still in the infancy stage, he identified a lack of infrastructure in the industry and has positioned ESE as one of the largest players to capitalize on providing that infrastructure to the entire esports ecosystem.
ESE Entertainment offers a wide array of infrastructure services to the esports industry: technology, media rights, tournament organizations, professional teams, and simulation racing to name a few.
ESE is particularly focused on growing its simulation racing and media rights business segments. ESE Entertainment’s margins within sim-racing are over 40%, and the lucrative nature of the media rights business is clear to see across traditional professional sports.
ESE Entertainment is one of the few esports companies already generating meaningful revenues. The business recently closed two acquisitions expected to add a further $14+ million to its bottom line. With these numbers, ESE is aiming to be profitable by the end of the year but will also aggressively focus on continuing to grow through accretive acquisitions.
According to Deloitte, esports investments were up 837% in 2018 from the year before. Watch the entire interview to see if ESE Entertainment can grow the infrastructure esports business at the same velocity.
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