Adam Breeden, the pioneer of competitive socialising in the UK and
entrepreneurial force behind some of the sector’s most successful
concepts, has officially opened his most ambitious and exciting
project. F1® Arcade, the world’s first official premium F1
experiential venue, opened on December 12, 2022 in London at One
New Change, St Pauls.
The immersive state of the art F1 racing
simulation experience comes with 60 motion F1 simulators, powered
by the rFactor 2 racing simulation software provided by Motorsport
Games, combined with exclusive F1® content, enabling guests to live
the thrill of racing, complemented by a best-in-class food and
beverage offering created by an executive chef and expert
mixologists.
“With a mission of making the thrill of
motorsports available to everyone, we graciously appreciate the
selection of rFactor 2 to provide the virtual racing experience and
real world handling and competition to F1® Arcade and their
customers!” said Dmitry Kozko, CEO, at Motorsport Games
Inc. (NASDAQ: MSGM) (“Motorsport Games”), a leading racing
game developer, publisher and esports ecosystem provider of
official motorsport racing series throughout the world.
Dom Duhan, Executive Producer at Studio 397
added, “It was a pleasure for our expert simulation development
team at Studio 397 to collaborate on developing the racing
elements, and we expect that customers will be blown away by the
experience.”
“Since opening F1® Arcade in December, the take
up has been absolutely phenomenal. Our ambition was to introduce a
truly innovative experience that makes sim racing accessible for
all in a fun and premium competitive socialising environment. To
deliver on this, we needed a partner that could fully tailor the
game experience, which is why we selected rFactor 2 and Motorsport
Games to work with us on this project. The reaction from customers
in our first month has been fantastic and we look forward to
welcoming many more at our first London venue and future venues as
we expand,” said Adam Breeden, Founder and Chief Executive of
Kindred Concepts.
Future plans for F1® Arcade include a
Birmingham, UK site in 2023 with further locations powered by
rFactor 2 set to be announced. For all F1® Arcade news, be sure to
follow @F1Arcade on social media platforms.
About Motorsport
Games: Motorsport Games, a Motorsport
Network company, is a leading racing game developer, publisher and
esports ecosystem provider of official motorsport racing series
throughout the world. Combining innovative and engaging video games
with exciting esports competitions and content for racing fans and
gamers, Motorsport Games strives to make the joy of racing
accessible to everyone. The Company is the officially licensed
video game developer and publisher for iconic motorsport racing
series across PC, PlayStation, Xbox, Nintendo Switch and mobile,
including NASCAR, INDYCAR, 24 Hours of Le Mans and the British
Touring Car Championship (“BTCC”), as well as the industry leading
rFactor 2 and KartKraft simulations. rFactor 2 also serves as the
official sim racing platform of Formula E, while also powering F1
Arcade through a partnership with Kindred Concepts. Motorsport
Games is an award-winning esports partner of choice for 24 Hours of
Le Mans, Formula E, BTCC, the FIA World Rallycross Championship and
the eNASCAR Heat Pro League, among others. Motorsport Games is
building a virtual racing ecosystem where each product drives
excitement, every esports event is an adventure and every story
inspires.
Forward-Looking
Statements:Certain statements in this press release which
are not historical facts are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and are provided pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Any statements in
this press release that are not statements of historical fact may
be deemed forward-looking statements. Words such as “continue,”
“will,” “may,” “could,” “should,” “expect,” “expected,” “plans,”
“intend,” “anticipate,” “believe,” “estimate,” “predict,”
“potential,” and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements
include, but are not limited to, statements concerning expectations
and benefits of the rFactor 2 simulation platform in powering F1®
Arcade, as well as expectations that future F1® Arcade locations
will be powered by the rFactor 2 simulation platform. All
forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in the forward-looking statements,
many of which are generally outside the control of Motorsport Games
and are difficult to predict. Examples of such risks and
uncertainties include, but are not limited to: difficulties, delays
in or unanticipated events that may impact the timing and expected
benefits of the rFactor 2 simulation platform, such as rFactor 2
updates and/or related products and features. Factors other than
those referred to above could also cause Motorsport Games’ results
to differ materially from expected results. Additional examples of
such risks and uncertainties include, but are not limited to: (i)
delays and higher than anticipated expenses related to the ongoing
and prolonged COVID-19 pandemic, any resurgence of COVID-19 and the
Russia invasion of Ukraine; (ii) Motorsport Games’ ability (or
inability) to maintain existing, and to secure additional, licenses
and other agreements with various racing series; (iii) Motorsport
Games’ ability to successfully manage and integrate any joint
ventures, acquisitions of businesses, solutions or technologies;
(iv) unanticipated operating costs, transaction costs and actual or
contingent liabilities; (v) the ability to attract and retain
qualified employees and key personnel; (vi) adverse effects of
increased competition; (vii) changes in consumer behavior,
including as a result of general economic factors, such as
increased inflation, higher energy prices and higher interest
rates; (viii) Motorsport Games’ inability to protect its
intellectual property; and/or (ix) local, industry and general
business and economic conditions. Additional factors that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements can be found in
Motorsport Games’ filings with the Securities and Exchange
Commission (the “SEC”), including its Annual Report on Form 10-K
for the fiscal year ended December 31, 2021, its Quarterly Reports
on Form 10-Q filed with the SEC during 2022, as well as in its
subsequent filings with the SEC. Motorsport Games anticipates that
subsequent events and developments may cause its plans, intentions
and expectations to change. Motorsport Games assumes no obligation,
and it specifically disclaims any intention or obligation, to
update any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by law. Forward-looking statements speak only as of the
date they are made and should not be relied upon as representing
Motorsport Games’ plans and expectations as of any subsequent date.
Additionally, the business and financial materials and any other
statement or disclosure on, or made available through, Motorsport
Games’ website or other websites referenced or linked to this press
release shall not be incorporated by reference into this press
release.
Website and Social Media
Disclosure:
Investors and others should note that we
announce material financial information to our investors using our
investor relations website (ir.motorsportgames.com), SEC filings,
press releases, public conference calls and webcasts. We use these
channels, as well as social media and blogs, to communicate with
our investors and the public about our company and our products. It
is possible that the information we post on our websites, social
media and blogs could be deemed to be material information.
Therefore, we encourage investors, the media and others interested
in our company to review the information we post on the websites,
social media channels and blogs, including the following (which
list we will update from time to time on our investor relations
website):
Websites |
Social Media |
motorsportgames.com |
Twitter: @msportgames & @traxiongg |
traxion.gg |
Instagram: msportgames & traxiongg |
motorsport.com |
Facebook: Motorsport Games & traxiongg |
|
LinkedIn: Motorsport Games |
|
Twitch: traxiongg |
|
Reddit: traxiongg |
The contents of these websites and social media
channels are not part of, nor will they be incorporated by
reference into, this press release.
Contacts:
pr@motorsportgames.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8c0596a3-156a-49a9-916b-54dc73aff947
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