{"id":394055,"date":"2020-12-07T07:03:16","date_gmt":"2020-12-07T12:03:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=394055"},"modified":"2020-12-07T07:03:16","modified_gmt":"2020-12-07T12:03:16","slug":"enthusiast-gaming-joins-forbes-most-valuable-esports-companies-list","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/enthusiast-gaming-joins-forbes-most-valuable-esports-companies-list\/","title":{"rendered":"Enthusiast Gaming Joins Forbes\u2019 \u201cMost Valuable Esports Companies\u201d List"},"content":{"rendered":"<h2>\nRanks 7th on list as the only publicly traded company on the list \u00a0\u00a0<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">TORONTO, Dec.  07, 2020  (GLOBE NEWSWIRE) &#8212; Enthusiast Gaming Holdings Inc. (\u201cEnthusiast Gaming\u201d or the \u201cCompany\u201d) (TSX: EGLX)(OTCQB: ENGMF)(FSE: 2AV), the largest gaming platform in North America, reaching over 300 million monthly video game and esports fans worldwide, today announced that it has been ranked #7 on Forbes&#8217; 2020 global list of &#8220;Most Valuable Esports Companies&#8221; (the \u201cForbes List\u201d). The Forbes List was announced on December 5, 2020 and can be viewed on Forbes.com.<\/p>\n<p align=\"justify\">The Forbes List is a highly regarded authority on corporate rankings globally. Companies that are featured are chosen based on a number of metrics and factors determined by Forbes. In order to compile the ranking, Forbes spoke to two dozen esports organizations, investors, advisors to investors, and analysts.<\/p>\n<p align=\"justify\">\n        <em>\u201cThis recognition by Forbes reflects our team\u2019s vision and superb execution of our esports growth strategy during the past year, which continues to experience rapid growth based on various internal operational and financial metrics,\u201d<\/em><br \/>\n        <strong>said Adrian Montgomery, CEO of Enthusiast Gaming.<\/strong><br \/>\n        <em>\u201cOur various business segments have sizeable growth opportunities ahead<\/em><br \/>\n        <em>, <\/em><br \/>\n        <em>however we see our esports business as a strategic asset with exponential growth opportunity as part of our diversified asset portfolio.\u201d<\/em>\n      <\/p>\n<p align=\"justify\">This marks the first time the Company has been included in the Forbes List. Enthusiast Gaming, which is currently listed on the Toronto Stock Exchange, and preparing for its NASDAQ listing, is the only publicly traded company on the Forbes List.<\/p>\n<p align=\"justify\">\n        <strong>About Enthusiast Gaming<\/strong>\n      <\/p>\n<p align=\"justify\">Enthusiast Gaming (TSX: EGLX)(OTCQB: ENGMF)(FSE: 2AV) is building the world\u2019s largest social network of communities for gamers and esports fans that reaches over 300 million gaming enthusiasts on a monthly basis. Already the largest gaming platform in North America and the United Kingdom, the Company\u2019s business is comprised of four main pillars: Esports, Content, Talent and Entertainment. Enthusiast Gaming\u2019s esports division, Luminosity Gaming, is a leading global esports franchise that consists of 7 professional esports teams under ownership and management, including the Vancouver Titans Overwatch team and the Seattle Surge Call of Duty team. Enthusiast\u2019s gaming content division includes 2 of the top 20 gaming media and entertainment video brands with BCC Gaming and Arcade Cloud, reaching more than 50MM unique viewers a month across 9 YouTube pages, 8 Snapchat shows and related Facebook, Instagram and TikTok accounts. Its 100 gaming-related websites including The Sims Resource, Destructoid, and The Escapist collectively generate 1.1 billion page views monthly. Enthusiast\u2019s talent division works with nearly 1,000 YouTube creators generating nearly 3 billion views a month working with leading gamer talent such as Pokimane, Flamingo, Anomaly, and The Sidemen. Enthusiast\u2019s entertainment business includes Canada\u2019s largest gaming expo, EGLX (eglx.com), and the largest mobile gaming event in Europe, Pocket Gamer Connects (pgconnects.com). For more information on the Company visit enthusiastgaming.com. For more information on Luminosity Gaming visit luminosity.gg.<\/p>\n<p align=\"justify\">Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/p>\n<p align=\"justify\">This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that Enthusiast anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as &#8220;plans&#8221;, &#8220;expects&#8221;, &#8220;is expected&#8221;, &#8220;budget&#8221;, &#8220;scheduled&#8221;, &#8220;estimates&#8221;, &#8220;forecasts&#8221;, &#8220;intends&#8221;, &#8220;anticipates&#8221;, or &#8220;believes&#8221; or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results &#8220;may&#8221;, &#8220;could&#8221;, &#8220;would&#8221;, &#8220;might&#8221; or &#8220;will&#8221; (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking statements in this news release include, but are not limited to statements relating to the Enthusiast Gaming&#8217;s future growth in periods of increased market advertiser demand.<\/p>\n<p align=\"justify\">Forward-looking statements are based on assumptions, including expectations and assumptions concerning: interest and foreign exchange rates; capital efficiencies, cost saving and synergies; growth and growth rates; the success in the esports and media industry; and and the Company\u2019s growth plan. While Enthusiast Gaming considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks related risks associated with general economic conditions; adverse industry events; future legislative, tax and regulatory developments. Readers are cautioned that the foregoing list is not exhaustive and other risks set out in Enthusiast Gaming public disclosure recorded filed under the Company\u2019s provide on www.sedar.com, including those contained in the prospectus. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. For more information on the risk, uncertainties and assumptions that could cause anticipated opportunities and actual results to differ materially, please refer to the public filings of Enthusiast Gaming which are available on SEDAR at www.sedar.com. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. Enthusiast Gaming disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NzU2MyMzODU4ODQ0IzIxMjI4NTY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/7356609a-cf13-4de2-8c4b-0704dd7d7691\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Contacts:\r\nEnthusiast Gaming \u2013 Eric Bernofsky\r\nChief Corporate Officer\r\npress@enthusiastgaming.com\r\n\r\nMedia Relations \u2013 ID \r\nEnthusiastGaming@id-pr.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ranks 7th on list as the only publicly traded company on the list \u00a0\u00a0 TORONTO, Dec. 07, 2020 (GLOBE NEWSWIRE) &#8212; Enthusiast Gaming Holdings Inc. (\u201cEnthusiast Gaming\u201d or the \u201cCompany\u201d) (TSX: EGLX)(OTCQB: ENGMF)(FSE: 2AV), the largest gaming platform in North America, reaching over 300 million monthly video game and esports fans worldwide, today announced that it has been ranked #7 on Forbes&#8217; 2020 global list of &#8220;Most Valuable Esports Companies&#8221; (the \u201cForbes List\u201d). The Forbes List was announced on December 5, 2020 and can be viewed on Forbes.com. The Forbes List is a highly regarded authority on corporate rankings globally. Companies that are featured are chosen based on a number of metrics and factors determined by Forbes. In order to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/enthusiast-gaming-joins-forbes-most-valuable-esports-companies-list\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Enthusiast Gaming Joins Forbes\u2019 \u201cMost Valuable Esports Companies\u201d List&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-394055","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Enthusiast Gaming Joins Forbes\u2019 \u201cMost Valuable Esports Companies\u201d List - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/enthusiast-gaming-joins-forbes-most-valuable-esports-companies-list\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enthusiast Gaming Joins Forbes\u2019 \u201cMost Valuable Esports Companies\u201d List - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ranks 7th on list as the only publicly traded company on the list \u00a0\u00a0 TORONTO, Dec. 07, 2020 (GLOBE NEWSWIRE) &#8212; Enthusiast Gaming Holdings Inc. (\u201cEnthusiast Gaming\u201d or the \u201cCompany\u201d) (TSX: EGLX)(OTCQB: ENGMF)(FSE: 2AV), the largest gaming platform in North America, reaching over 300 million monthly video game and esports fans worldwide, today announced that it has been ranked #7 on Forbes&#8217; 2020 global list of &#8220;Most Valuable Esports Companies&#8221; (the \u201cForbes List\u201d). The Forbes List was announced on December 5, 2020 and can be viewed on Forbes.com. The Forbes List is a highly regarded authority on corporate rankings globally. Companies that are featured are chosen based on a number of metrics and factors determined by Forbes. 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(\u201cEnthusiast Gaming\u201d or the \u201cCompany\u201d) (TSX: EGLX)(OTCQB: ENGMF)(FSE: 2AV), the largest gaming platform in North America, reaching over 300 million monthly video game and esports fans worldwide, today announced that it has been ranked #7 on Forbes&#8217; 2020 global list of &#8220;Most Valuable Esports Companies&#8221; (the \u201cForbes List\u201d). The Forbes List was announced on December 5, 2020 and can be viewed on Forbes.com. The Forbes List is a highly regarded authority on corporate rankings globally. Companies that are featured are chosen based on a number of metrics and factors determined by Forbes. 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