Blue Star Capital plc Dynasty Esports Investment Update (8578Q)
June 24 2020 - 2:00AM
UK Regulatory
TIDMBLU
RNS Number : 8578Q
Blue Star Capital plc
24 June 2020
24 June 2020
Blue Star Capital plc
("Blue Star" or the "Company")
Dynasty Esports Investment Update
Blue Star Capital plc (AIM: BLU), the investing company with a
focus on esports, payments, technology and its applications within
media and gaming, is pleased to provide the following update
regarding its investee company Dynasty eSports Pte Ltd
("Dynasty").
Dynasty has today announced that it has signed a five year
exclusive partnership agreement with Malaysia ESports Federation
("MESF",) via its Kuala Lumpur based subsidiary Dynasty eSports (M)
Sdn Bhd, to provide its eSports Portal Management ("EPM") platform
to enable effective management and control of the eSports ecosystem
within Malaysia.
Dynasty's EPM platform will be fully white-labelled, customised
and branded for MESF and will bring together the main elements of
the eSports ecosystem being the players, the organisations and the
tournaments, under one single integrated digital platform with the
intention of providing a shared national and global view of the
eSports industry.
Under the terms of the partnership agreement, MESF will actively
endorse, promote and drive all eSports related traffic in Malaysia
to the EPM platform. MESF will also regulate and ensure that all
domestic eSports events, leagues or tournaments in Malaysia will be
exclusively hosted on the MESF platform as the single destination
site for eSports. Tournaments and leagues attempting to operate
outside of the MESF Platform will not be licensed or authorised by
MESF which is expected to have the effect of any such event being
blocked.
The Malaysian gaming and eSports ecosystem is considered to be
one of the more developed markets for eSports. Malaysia is
estimated to have over 20 million gamers who spent an estimated RM
2.9 billion (approximately GBP543 million) on gaming in 2019. In
November 2019, MESF, together with the Malaysian Government's
Ministry of Youth and Sports, publicly launched its 'Strategic Plan
for eSports Development 2020 - 2025' via a blueprint which the
directors of Dynasty consider has effectively regulated the eSports
industry in Malaysia. Additionally, the Ministry of Finance has
allocated RM30 million (approximately GBP5.6 million) in its annual
budget for investment in the development of eSports in
Malaysia.
Dynasty will generate income throughout the term of the
partnership via a matrix of revenue streams including management
fees, advertising, sponsorship, exclusive eSports broadcast rights
(both nationally and internationally), and other revenue share
arrangements with MESF.
Blue Star holds 13.7 per cent. of the issued share capital of
Dynasty.
Tony Fabrizi, CEO of Blue Star said, "Today's news is
potentially transformational for Dynasty, placing it at the
forefront of esports developments across Malaysia. The 5 year
exclusive agreement will enable Dynasty to derive income from
management fees, advertising, broadcast rights and much more. At
13.7% Dynasty is one of Blue Star's largest esports holdings so we
look forward to providing shareholders with regular updates as
Dynasty's business develops"
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Blue Star Capital plc +44 (0) 777 178 2434
Tony Fabrizi
Cairn Financial Advisers
LLP +44 (0) 20 7213 0885
(Nominated Adviser & Broker)
Jo Turner / Liam Murray
About Blue Star Capital plc
Blue Star is an investing company with a focus on new
technologies. Blue Star's investments include a 27.7% holding in
SatoshiPay, a payments business using blockchain technology;
investments in 6 early stage esports companies with shareholdings
ranging from 11% to 18% and a 0.9% investment in Sthaler, an
identity and payments technology business which enables a consumer
to identify themselves and pay using just their finger.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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