Luxor esports arena operator moves toward an asset-light strategy

December 20, 2019

It’s not just casino operators like MGM Resorts International announcing plans for an “asset-light” strategy.

Frank Ng, CEO of Allied Esports Entertainment, a California-based company that……We hope you appreciate our content. Subscribe today to continue reading this story, and all of our stories, for just 99 cents.

Allied Esports results

Third-quarter revenue and earnings for California-based Allied Esports Entertainment Inc., an esports entertainment companythat operates the Luxor’s HyperX Esports Arena. (Nasdaq: AESE)

Revenue

2019: $6 million

2018: $5.5 million

Change: +10.2%

Net income (loss)

2019: ($4.3 million)

2018: ($6.8 million)

Change: +36.4%

Earnings (loss) per share

2019: ($0.24)

2018: ($0.58)

Change: +58.6%

Categorized in: Esports News