EGLX Enthusiast Gaming Holdings Inc

Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ:EGLX; TSX:EGLX), an integrated gaming entertainment company, today announces that its Pocket Gamer Connects (“PGC”) live events series drew record attendees in 2022. PGC showcases how the world’s largest game publishers and developers come together to learn, share, and grow the business of gaming with Enthusiast Gaming driving the conversation. Following more than two years of running successful virtual events in response to the Covid 19 pandemic, the gaming community proved its desire to reconnect in person in 2022.

PGC is a strategic part of the business for the Company as its revenue streams (sponsorships and ticket sales) support Enthusiast Gaming’s efforts to diversify revenue, with a focus on higher yield and higher margin revenue. PGC attracts thousands of industry leaders and hundreds of gaming brands, making it an attractive direct sales offering.  

Across six PGC events in 2022 in London, Seattle, Toronto, Helsinki, Jordan, and last week in Riyadh, Saudi Arabia, a record 6,700+ industry attendees and nearly 1,000 gaming industry speakers and thought leaders connected and shared insights on a wide range of relevant topics including User Acquisition, Mastering Multiplayer, The Art of Publishing, Ad Insights, Blockchain Gaming, Developer Toolkit, CFO Insider, and more.

Featured sponsors of PGC events in 2022 included Meta, Google, Unity, Agora, Appsflyer, Digital Turbine, Transperfect Jam City, Xsolla, AppLovin, Unity, and more. Companies represented by featured speakers and panelists included, Electronic Arts, Humble Bundle, Miniclip, King, Supercell, Jam City, Square Enix, Tencent, and more.

PGC returned to key locations in Europe and North America in 2022, and also expanded its efforts in the Middle East North Africa (MENA) region. MENA is a key growth region for the global games industry with 2022 revenue estimated at $6.8 billion (Newzoo games industry forecast). The PGC Leaders Summit was launched last week in Riyadh in partnership with the Savvy Games Group. PGC Leaders Summit is a brand-new event designed exclusively for over 120 CEOs and senior executives in the gaming industry to engage in deeper conversations around the big challenges and opportunities that will shape the industry, particularly in the MENA region, in the years to come.

“Following a successful 2022 year that saw the return to live events, the team is now gearing up for PGC London 2023 from January 23-24. It is clear that as the number of attendees grows, PGC continues to deliver value to the world’s largest game publishers and developers,” said Bill Karamouzis, President of Enthusiast Gaming. “We look forward to our next event in London when the gaming industry will come together to network, discover, and learn from the world’s leading gaming authorities.”

About Enthusiast Gaming

Enthusiast Gaming is an integrated gaming entertainment company, building the largest media and content platform for video game and esports fans to connect and engage worldwide. Combining the elements of its four core pillars: Communities, Content, Creators, and Experiences, Enthusiast Gaming provides a unique opportunity and integrated approach to reach and connect with its coveted GenZ and Millennial audience. Through its proprietary mix of digital media and entertainment assets, Enthusiast Gaming has built a vast network of like-minded communities to deliver the ultimate fan experience.

Contacts

Enthusiast Gaming Investor Relations:Eric Bernofsky, Chief Corporate Officerinvestor@enthusiastgaming.com

Forward-Looking Statements

This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that Enthusiast Gaming anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking statements in this news release include, but are not limited to, statements regarding the Company’s future PGC events, the growth of the gaming industry and the Company’s strategic initiatives.

Forward-looking statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, expectations and assumptions concerning: interest and foreign exchange rates; capital efficiencies, cost saving and synergies; growth and growth rates; the success in the esports and gaming media industry; the Company’s growth plan, and judgment applied in the application of the Company’s accounting policies and in the preparation of financial statements in accordance with applicable financial reporting standards. While Enthusiast Gaming considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; and future legislative, tax and regulatory developments. Readers are cautioned that the foregoing list is not exhaustive. For more information on the risks, uncertainties and assumptions that could cause anticipated opportunities and actual results to differ materially, please refer to the public filings of Enthusiast Gaming which are available on SEDAR at www.sedar.com. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. Enthusiast Gaming disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the exchange) accepts responsibility for the adequacy or accuracy of this release.