The eSport sector has witnessed a big surge in patronage during the Covid-19 coronavirus pandemic as consumers stay at home. The industry is gaining more popularity with each passing day, as people are turning toward sports and online gaming for spending their leisure time during the pandemic. A report released by Newzoo indicates the global gaming industry to gain $159.30 billion in revenues in 2020. The market is predicted to be valued at $200 billion by 2023.
The Gamin industry is arguably in better shape today than it was last year.
Any investor who avoided gaming stocks over the past two years would be well served to take another look. Right now could well be the opportunity you’ve been waiting for. But if you wait until the money is rolling in, the share price will likely have already risen to reflect a more traditional valuation and the opportunity for huge gains will be gone.
High-flying and volatile gaming stocks have caught the attention of both the Main street and Wall Street this year. For investors ready to jump on the Gaming industry, there are a few potential stocks to consider buying at these levels.
Activision Blizzard, Inc.(NASDAQ: ATVI), together with its subsidiaries, develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision Publishing, Inc.; Blizzard Entertainment, Inc.; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offer downloadable content. The company also maintains a proprietary online gaming service, Battle.net that facilitates the creation of user generated content, digital distribution, and online social connectivity in its games; and develops and publishes interactive entertainment content and services primarily on mobile platforms, such as Android and iOS, as well as distributes its content and services on the PC platform primarily through Facebook. In addition, it operate esports leagues and offer digital advertising content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company’s key product franchises include Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, and Candy Crush. It serves retailers and distributors, including mass-market retailers, first party digital storefronts, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements. Activision Blizzard, Inc. was incorporated in 1979 and is headquartered in Santa Monica, California.
Sports Venues of Florida, Inc. (OTC: BTHR), is a developmental stage company engaged in the business of eSports, and the development of youth sports and family entertainment complexes. The company, through its wholly owned subsidiary, Shadow Gaming, Inc., has aggressively entered the eSports market. The Company has placed on hold its plans to building sports complexes ranging from 80-acres to 300-acres that will include both outdoor and indoor athletic competitions. In addition the company plans on operating a number of subsidiary companies from high tech data management businesses to product and support businesses.
Yesterday, the company announced the results of the Insurgency event this past Saturday and Sunday.
The Shadow Gaming Insurgency Sandstorm International Tournament was a tremendous success. Twenty teams from all over the world came together to compete for a $500 prize pool, along with in-game cosmetics and Shadow Gaming credits. The event took place over Saturday and Sunday, with the first day being the group stage and the second and final day being the elimination phase. The top eight teams from the first day continued on to Sunday in a single elimination bracket.
Shadow Gaming congratulates the winners! 1st Place: BG – $250, 2nd Place: TUF Gaming – $150. 3rd Place: Regicide Esports – $100
New World Interactive is eager to support Shadow Gaming in its 2020 expansion plans; the Shadow Gaming Discord server saw tremendous growth with several hundred new members joining over the course of just one week. Live commentary of the event was streamed on the Shadow Gaming twitch account. Viewers were able to catch all of the action on the Shadow Gaming twitch stream, which garnered over a thousand live views throughout the event and gained several followers. https://www.twitch.tv/shadowgamingfps that will provide replays of the tournament. Details regarding upcoming tournaments and registration on Shadow Gaming Discord https://discord.gg/yEubsZ
Shadow Gaming believes continued work in the Sandstorm community will yield impressive results and growth of Shadow Gaming’s overall community. The community of worldwide players trusts the plan of Shadow Gaming to expand these events to all demographics in the community given opportunities for players to show theirs skills.
“I’m proud of Shadow Gaming growth in the last four months; having the support of various games studios like New Interactive, we are creating an environment to grow even further,” Luis A. Arce, Shadow Gaming’s President, said.
For information about upcoming Shadow Gaming tournaments go to; http://shadowgamingtv.com/ follow us on https://www.facebook.com/eShadowGaming
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes, content, and virtual currency. The company also develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises. In addition, the company publishes various entertainment properties across various platforms and a range of genres, such as shooter, action, role-playing, strategy, sports, and family/casual entertainment under the BioShock, Mafia, Sid Meier’s Civilization, XCOM series, and Borderlands. Further, it publishes sports simulation titles comprising NBA 2K series, a basketball video game; the WWE 2K professional wrestling series. It also offers Kerbal Space Program, The Outer Worlds, Ancestors the Humankind Odyssey under Private Division. Additionally, the company offers free-to-play mobile games, such as Dragon City and Monster Legends. Its products are designed for console gaming systems, including Sony’s PlayStation 4; Microsoft’s Xbox One; the Nintendo Switch; and personal computers comprising smartphones and tablets. The company provides its products through physical retail, digital download, online platforms, and cloud streaming services. Take-Two Interactive Software, Inc. was founded in 1993 and is headquartered in New York, New York.