Allied Esports Entertainment: Jumps on esports betting licensing agreement
20/08/2020 16:37
** Esports entertainment company's shares AESE.O rise
18.8% to $2.10
** AESE enters into a licensing agreement with GRID, a
leading esports data provider urn:newsml:reuters.com:*:nBwJ0nR9a
** Multi-year deal includes data and video rights for
Popular CS:GO (Counter-Strike: Global Offensive) legend series
events
** Through the agreement, GRID's innovative, proprietary
data solution will be directly integrated into legend series
events to deliver real-time, official data to regulated
bookmakers and sports betting platforms
** With a global network of properties and popular
tournament brands endorsed by leading data platforms, Allied
Esports is well positioned to be a major content provider for
the projected $20 billion esports betting market - AESE CEO
** Stock down 20.1% YTD
(Reporting by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))