Motorsport Games sees impact from sanction on Russia, shares fall

Motorsport Games

02/03/2022 14:18

** Florida-based games developer  MSGM.O  says sanctions
against Russia could have a material impact on business, shares
fall 4.2% to $3.20
    ** A significant portion of our development staff is based
in Russia, and restrictions limit ability to transfer funds to
pay for such development services - Co in a SEC filing 
    ** Looking for alternative development arrangement; Future
game titles may be delayed - co
    ** Up to Tuesday's close, share fell 4.6% since Russia
launched an invasion into Ukraine on Thursday

 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))