Business
Dynasty Esports Investment Update
Dynasty Esports Investment Update.
About this update from Blue Star Capital Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1612B\n Blue Star Capital plc\n 06 October 2020\n \n \n \n \n 6 October 2020\n \n \n \n \n \n Blue Star Capital plc\n \n \n (\"Blue Star\" or the \"Company\")\n \n \n \n \n \n Dynasty Esports Investment Update\n \n \n \n \n \n \n \n \n Blue Star Capital plc (AIM: BLU), the investing company with a focus on esports, payments, technology and its applications within media and gaming, is pleased to provide the following update regarding the activities of its investee company Dynasty eSports Pte Ltd (\"Dynasty\").\n \n \n \n \n \n During Q3 2020 Dynasty signed three separate SaaS agreements to provide its white-labelled platform to two esports franchise operators and to the largest telecoms carrier in the Middle East to launch a branded Dynasty platform in three of the region's key gaming and esports countries in November 2020.\n \n \n \n \n \n These agreements are expected to provide contracted SaaS revenues for Dynasty of approximately US$2.8 million over the next year. In addition to the contract revenue, Dynasty is progressing a number of prospective platform partnerships which will, should they be signed, on current terms make Dynasty profitable at the operating level.\n \n \n \n \n \n Dynasty's first partner platform has gone live in Malaysia with a soft launch of its proprietary EPM platform with the Malaysia eSports Federation (\n \n www.mesf.gg\n \n ). Dynasty expects to further develop the platform in Q4 2020 delivering an enhanced tournament engine and a fully embedded e-commerce gaming shop that includes a partnership with Boost, Malaysia's largest eWallet. Significant promotional and marketing activities are expected to commence later this year.\n \n \n \n \n \n As a result of the progress to date, it is the Dynasty's intention to strengthen the management team and board and conversations are ongoing with a number of experienced and successful esports executives from the region.\n \n \n \n \n \n Blue Star currently owns 13 per cent of Dynasty and its stake is valued at £1.3m based on the company's most recent over-subscribed fundraise at approximately £10m. This valuation was prior to the signing of any SaaS Agreements and before the Malaysian eSports Federation platform went live.\n \n \n \n \n \n Tony Fabrizi, C...