In an exciting turn of events, GameOn (CSE: GET) (OTCQB: GMETF), a leading player in the next-generation fantasy sports platform arena, is forging ahead with innovative partnerships and remarkable financial growth. As a company that thrives on collaborations with some of the world’s most prestigious sports leagues to launch, operate, and monetize web3 games, GameOn is making waves with its most recent developments.
A New Era in Fantasy Sports: GameOn and LALIGA
GameOn’s latest triumph is its strategic partnership with LALIGA, one of the most followed soccer leagues globally. This partnership marks a significant step forward in the world of fantasy sports. LALIGA operates two distinguished competitions: LALIGA EA SPORTS, Spain’s top-flight competition featuring illustrious clubs like FC Barcelona, Real Madrid, Atlético de Madrid, and Sevilla FC, among others, and LALIGA HYPERMOTION, Spain’s second division competition boasting 22 teams.
With a staggering global community of over 200 million fans across 17 platforms in 20 different languages, LALIGA has cultivated a young, diverse, and multicultural fanbase. Their global reach extends to over 2.8 billion individuals, with the league enjoying media partnerships in more than 180 territories. In the United States, ESPN holds the exclusive broadcasting rights for LALIGA, ensuring its games reach more than 25 million ESPN+ subscribers across the nation.
GameOn is set to launch next-generation fantasy games based on real-world LALIGA players and matches. Fans can anticipate an immersive soccer experience, complete with collectible avatars, customizable gear, and a variety of game modes like Live Fantasy, PvP Battles, and Quests. Players will have the chance to win exclusive prizes, including cash, VIP tickets, signed merchandise, and meet-and-greets with soccer superstars. LALIGA will actively promote these games across in-stadium events, watch parties, social media, their website, mobile apps, and email. This exciting product will be available to audiences in the United States and Canada.
GameOn’s CEO, Matt Bailey, expressed his enthusiasm for the partnership: “We can’t wait to deliver next-gen fantasy games to millions of LALIGA fans, bringing them closer to the world’s best clubs and players.” GameOn’s mission is clear – to seize major league opportunities that leverage their scalable PLAYN3XT platform and drive highly profitable revenue growth. LALIGA represents just one step in this journey.
A Financial Triumph: GameOn’s Q2 2023 Performance
GameOn’s remarkable strides in partnerships align with its financial achievements. The company recently revealed its Q2 2023 financial statements, showcasing outstanding results. The figures speak for themselves:
- Revenue of $836,239, compared to $125,160 in 2022 – marking a phenomenal 568% year-on-year increase.
- Net loss and comprehensive loss of $1,200,580, compared to $2,424,024 in 2022 – a substantial 50% year-on-year decrease.
- Net cash outflows from operations amounting to $1,045,319, compared to $1,455,493 in 2022 – representing an impressive 28% year-on-year decrease.
Matt Bailey, GameOn’s CEO, sees these financial accomplishments as the foundation for further growth. He notes that their recent traction will be further propelled by their focus on major league partnerships. GameOn has numerous contracts in the works and confidently anticipates announcing several new partnerships in the coming months, all of which will utilize their ready PLAYN3XT platform to unlock multi-million-dollar revenue opportunities.
As each new partnership is unveiled, GameOn’s management intends to provide detailed guidance on revenue projections in late-Q3 or early-Q4. Bailey emphasized the importance of this approach, stating that such planning and projections take time, diligence, and collaboration with their partners. Each new partner is expected to exponentially expand GameOn’s reach, enhance brand equity, and contribute to the bottom line.
A Bright Future for GameOn
GameOn’s partnership with LALIGA and their remarkable Q2 financial performance highlight their commitment to innovation and growth. As they continue to reshape the landscape of fantasy sports, GameOn stands as a company with a vision for sustainable expansion and profitability.
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