TGS Esports Closes $2,000,000 Financing, Double Size Of Original Announcement

There is no denying the world of esports was already on a rapid growth rate prior to the COVID-19 pandemic. However, according to TGS Esports (TGS:TSXV), the growth and awareness of esports over the past several months has accelerated the industry by at least a couple of years, if not more.

Recognizing this trend, TGS pivoted quickly from venue based esports to becoming a leader in esports events, sponsorship and productions. More than just lip service, tournaments hosted to date have been sponsored by the likes of:

• Pepsi
• Red Bull
• 7-11
• Shaw Cable

More than just events, TGS also creates high quality production value out of these events, which have already seen more than 20,000 hours of viewership on Twitch and featured on GINX Esports TV (Canada), with the potential to expand with GINX to over 50 countries.

If the story ended there, TGS would have the makings of a great early stage esports story …. but it doesn’t

$2 MILLION FINANCING + $6 MILLION ACQUISITION OF “PEPPER ESPORTS”

The recent acquisition of Pepper Esports takes the TGS offering to a whole different level by providing everyone from enterprise sized clients to small business to a group of buddies to create their own esports tournaments. The platform is so powerful it will handle everything from registration to game play, prize payouts and everything in between that an entity needs to host a successful esports tournament.

Awesome right? No, it gets better.

Hosting your own esports tournament is FREE. TGS and Pepper figured out that the best way to get mass usage of their platform is to make it $0 upfront and generate $$ from revenue share on all transactions that take place during the tournament.

When you bolt on the fact that TGS can now broadcast that tournament, the Company believes its offering can’t be matched anywhere in the world.

We like it so much that we’re already considering hosting Agoracom esports tournaments for clients and shareholders who can either play or watch.

And it seems as if the market feels the same way given the fact they doubled their financing from $1,000,000 to $2,000,000 due to oversubscribed demand.

Watch this great interview with TGS CEO Spiro Khouri to find out more details about the Company’s growth within the fast growing world of esports.