Gfinity sells Esports division to Ingenuity Loop for GBP15,000
5th Dec 2023 12:01
(Alliance News) - Gfinity PLC on Tuesday said that it has sold the remaining business and assets of its former Esports Solutions division. Read More
(Alliance News) - Gfinity PLC on Tuesday said that it has sold the remaining business and assets of its former Esports Solutions division. Read More
Gfinity PLC - London-based e-sports and gaming services firm - Disposes of remaining 27.5% stake in Athlos Game Technologies Ltd, which is its former proprietary esports technology business, to Tourbillon Group UK Ltd. Gfinity receives an immediate payment of GBP260,000 in cash. Athlos in financial year 2022 ended June 30 generated revenue of GBP300,000 with a pretax loss of GBP500,000. Read More
Gfinity PLC - London-based e-sports and gaming services firm - Appoints David Halley as chief executive and director with immediate effect. Halley previously founded and served as the chief information officer of Capstone Financial (HK) Ltd. He is currently a director of Tourbillon Group UK Ltd, which acquired 73% of Gfinity's subsidiary, Athlos in June. Read More
Gfinity PLC - London-based e-sports and gaming services firm - Conditionally raises GBP450,000 at a price of 0.06 pence per share. Gfinity will issue 750.0 million shares pursuant to the subscription, and that it will use the net proceeds to fund day-to-day working capital needs of the company's media business and its ongoing cost of its AIM listing. Read More
(Alliance News) - Stocks in London were largely higher at the close on Tuesday, shrugging off a poor performance for oil majors in the FTSE 100 and lacklustre data for the UK's retail sector. Read More
(Alliance News) - Gfinity PLC on Tuesday said it is closing down its Esports division and selling a majority stake of its subsidiary Athlos to Tourbillon Group UK Ltd. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - Gfinity PLC shares were down on Tuesday, after it said it has raised GBP2 million in an upsized equity placing and subscription. Read More
Gfinity PLC - London-based e-sports and gaming services - To raise GBP1.5 million before expenses through a placing and direct subscription at a price of 0.15 pence per share. Says that the issue price represents a discount of 36% to the previous closing share price of 0.235 pence per share on February 10. Plans to use the proceeds for working capital purposes. Read More
Gfinity PLC - London-based e-sports and gaming services - Expects revenue for the six months ended on December 30 to be GBP4.1 million, up 26% from GBP3.3 million a year prior. Adjusted operating loss is expected to reach GBP800,000, widened from GBP400,000. Looking ahead, Gfinity says it is in discussions with several parties to seek outside investment to accelerate Athlos' first-mover advantage. Read More
(Alliance News) - Gfinity PLC on Wednesday said its subsidiary's Athlos tournament platform will be integrated into Playgendary games. Read More
(Alliance News) - The FTSE 100 closed flat in a shortened session on Friday, but had a positive week overall. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
Gfinity PLC - London-based e-sports and gaming services - For the year that ended on June 30, pretax loss widens to GBP4.2 million from GBP4.1 million the year before, as revenue is down 7.0% to GBP5.3 million from GBP5.7 million. Other income falls to GBP1,529 from GBP54,354. Closing year-end cash stands at GBP2.1 million. Read More
(Alliance News) - Gfinity PLC on Thursday said it has been appointed by the Saudi Pro League as its exclusive esports strategy development partner. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
Gfinity PLC - London-based e-sports and gaming services - Signs commercial agreement with sports drink maker Red Bull to be its production partner for the third edition of the Red Bull Home Ground e-sports tournament. The Valorant Invitational event will be held in Manchester from December 9 to 11. Read More