REG - Blue Star Capital - Dynasty Gaming & Media new partnership agreements

Blue Star CapitalAnnouncement

07/04/2022 07:00

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RNS Number : 5390H  Blue Star Capital plc  07 April 2022

7 April 2022

Blue Star Capital plc

 

("Blue Star" or the "Company")

 

Dynasty Gaming & Media new partnership agreements

 

Blue Star Capital plc (AIM: BLU), the investing company with a focus on
esports, payments, technology and its applications within media and gaming,
provides an update in respect of its investee company, Dynasty Gaming &
Media Pte Ltd ("Dynasty").

Dynasty, a leading mass-market Esports Portal Management (EPM) Platform, has
secured three additional multi-year partnership agreements with large-scale
organisations.

Under the first partnership agreement with Malaysia's leading telecoms
operator, a Dynasty-built and managed platform was launched to millions of
potential customers in mid-February and has already experienced significant
registered and paying user traction, despite still being in its preliminary
stages.

The second partnership agreement has been signed with New Zealand's largest
telco, which enjoys a dominant market position and premium brand presence.
Finally, the third multi-year agreement has been secured with a market-leading
Indian group that operates within the digital payments, sports, and media
industries. Under the latter agreement, Dynasty's platform will have access to
 the 330 million customer base of the Indian group and will see the unveiling
of its NFT Marketplace, now integrated within Dynasty's platform ecosystem
solution. Dynasty expects both platforms to launch within this current
quarter.

Significantly, the new partnership agreements contain both fixed licence fees
and managed services revenue share. While Dynasty's initial commercial model
was based on collecting monthly licence fees over a minimum 24-month contract
- a typical 'SaaS' model, moving forward, all agreements will see Dynasty
supporting its partners with a genuine managed service solution. Dynasty will
provide dedicated in-country resources, working exclusively with their
partners in all areas of engagement and monetisation, to help fully maximise
commercial outcomes. Under the new hybrid model, Dynasty enjoys a significant
portion of all platform revenue generated, in addition to licence fees. The
Company expects that revenue share will contribute more than 85% of its
overall revenue mix within the next 12 months.

To further support its growing portfolio of partners, Dynasty has recently
moved into a new state-of-the-art Global Development Centre in the heart of
Kuala Lumpur's tech hub (KLEC), where it will continue to develop its product
offering to incorporate additional high-growth revenue streams such as
Play-to-Earn Gaming (P2E), Web 3.0, and AI Learning & Academy.

Matt Lodge, Dynasty's Chief Executive Officer, commented that: "It has been an
incredibly exciting and productive time for the business. The global gaming
market was valued at more than £150 billion in 2021 and is expected to grow
to around £260 billion per annum within the next 5 years. There are now more
than 2.7 billion gamers globally, with gaming overtaking social media as the
largest consumption of screen time in most markets."

"Dynasty has invested strongly in truly world-class people and technology
during these past 12 months and by enabling our partners to participate within
this booming and hugely valuable industry to become the default "Home of
Gamers" in their respective markets, Dynasty is now well positioned for future
growth."

"With regards to a potential listing, we remain open to all options but are
not currently tied to any one specific direction or timeline. We are
continuing ongoing discussions that would potentially provide a different
outcome to an IPO. Our board and hardworking team will continue to act on the
best interests of our shareholders."

Derek Lew, Chairman of Blue Star Capital said that: "I am thrilled to see the
ongoing progress being made by Matt and his talented team at Dynasty. The
securing  of these agreements demonstrate the team are executing their
strategy and reinforce our belief of the growth opportunities that lie ahead
for Dynasty. From a Blue Star perspective, I am also particularly pleased that
they have numerous options open in terms of how they continue to scale the
business globally."

 

For more information please contact:

 Blue Star Capital plc                          +44 (0) 777 178 2434
 Derek Lew, Chairman                            +44 20 3608 3019

 Cairn Financial Advisers LLP, (Nomad)          +44 20 7213 0880
 Jo Turner / Liam Murray

 Stanford Capital Partners Ltd (Broker)         +44 20 3650 3650
 Patrick Claridge / John Howes / Bob Poutney

 Vox Markets Ltd (IR)
 Kat Perez                                      Voxmarkets.co.uk/listings/LON/BLU

 

 

About Blue Star

Blue Star is an investing company with a focus on new technologies. Blue
Star's investments include SatoshiPay Limited, a payments business using
blockchain technology; 6 early-stage to mid-level esports companies, including
Guild eSports plc, a global eSports business headquartered in London whose
lead investor is David Beckham and Dynasty eSports Pte Ltd., an eSports
platform with a mission to become the largest eSports franchise in Asia; Leaf
Mobile Inc., a mobile leading free-to-play mobile games group; NFT Investments
plc, a company that engages, partners, incubates and develops non-fungible
tokens; and Sthaler Limited, an identity and payments technology business
which enables a consumer to identify themselves and pay using just their
finger.

 

About Dynasty Gaming & Media

Dynasty has created a leading mass-market Esports Portal Management(EPM)
Platform, seamlessly combining community, competition, player engagement and
monetisation. The platform gives their B2B partners a fully white-labelled
Dynasty EPM solution allowing them to harness multiple ecosystem
functionalities as seen in platforms such as Twitch, Battlefy, Discord, and
Steam, all under one roof thus providing customers with an engaging single
destination for all gaming and esports needs

 

Forward looking statement disclaimer

 

Certain statements made in this announcement are forward-looking statements.
These forward-looking statements are not historical facts but rather are based
on the Company's current expectations, estimates, and projections about its
industry; its beliefs; and assumptions. Words such as 'anticipates,'
'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar
expressions are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject to known
and unknown risks, uncertainties, and other factors, some of which are beyond
the Company's control, are difficult to predict, and could cause actual
results to differ materially from those expressed or forecasted in the
forward-looking statements. The Company cautions shareholders and prospective
shareholder holders not to place undue reliance on these forward-looking
statements, which reflect the view of the Company only as of the date of this
announcement. The forward-looking statements made in this announcement relate
only to events as of the date on which the statements are made. The Company
will not undertake any obligation to release publicly any revisions or updates
to these forward-looking statements to reflect events, circumstances, or
unanticipated events occurring after the date of this announcement except as
required by law or by any appropriate regulatory authority.

 

 

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