REG - Blue Star Capital - Dynasty Launches Partnership with Lets Play Live

Blue Star CapitalAnnouncement

02/05/2023 07:00

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RNS Number : 9885X  Blue Star Capital plc  02 May 2023

2 May 2023

Blue Star Capital plc

 

("Blue Star" or the "Company")

 

Dynasty launches JV Partnership with Lets Play Live, Australia's largest
esports tournament organiser

 

Blue Star Capital plc (AIM: BLU), the investing company with a focus on
esports, payments, technology and its applications within media and gaming,
notes the recent press article in the Australian Financial Review regarding
Dynasty Gaming & Media Pte. Ltd's ("Dynasty") recent launch of a 50/50 JV
partnership with Lets Play Live ("LPL").

 

LPL is Australia's largest esports tournament organiser and one of the world's
largest gaming related content creators. Esports has shown continued growth in
Australia with video game revenue set to reach approximately A$6.5 billon in
2023 and forecast to exceed A$9 billion by 2027, according to data from
Statista. Average revenue per user is also high in Australia with average
revenue per user around A$730, compared with a global average of approximately
A$211.

 

The new LPL platform launched in April and with more than 400,000 registered
users, is Australia's largest esports and gaming platform. The number of users
is expected to increase significantly during 2023 in line with the growing
number of brands and partnerships signing with the new JV.

 

Blue Star holds a 13 per cent. stake in Dynasty.

 

Tony Fabrizi, Executive Chairman of Blue Star Capital said that: "The JV
partnership with LPL is expected to be a significant step with Dynasty
transitioning from service provider to media owner. We expect this change in
focus will be repeated in future contracts. Dynasty's development of its
highly sought after esports and gaming platform puts it in an excellent
position to partner with existing media owners to exploit this growing
market."

For more information please contact:

 

 Blue Star Capital plc                    +44 (0) 777 178 2434
 Tony Fabrizi, Executive Chairman

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

 

About Blue Star

Blue Star is an investing company with a focus on new technologies. Blue
Star's investments include SatoshiPay Limited, an incubator and service
provider to de-fi businesses using blockchain technology; 4 early-stage to
mid-level esports companies, including Guild eSports plc, a global esports
business headquartered in London and Dynasty Gaming & Media Pte. Ltd.,
whose B2B white label platform is a full-stack gaming ecosystem; and Sthaler
Limited, an identity and payments technology business which enables a consumer
to identify themselves and pay using just their finger.

 

About Dynasty

Dynasty's proprietary custom built platforms feature a tournament engine for
immersive gameplay, a community building interactive social wall, an extensive
content library and live broadcasting functionality and a platform wallet that
instantly converts fiat currency into a virtual platform currency allowing
users to seamlessly participate in prize pools, wagering and rewards. Dynasty
has existing platforms live in Southeast Asia, North America, India and
Australia.

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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