Blue Star Capital plc Dynasty Launches Partnership with Lets Play Live (9885X)
02 May 2023 - 4:00PM
UK Regulatory
TIDMBLU
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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