Simplicity Esports and Gaming Company (Simplicity Esports) has signed announced a non-binding letter of intent to purchase four esports centres.
According to the release, these four centres brought in over $1,000,000 (£777,000) in revenue in 2019.
The deal is still subject to various legal due diligence as well as approval by all four franchisees’ landlords. If completed, the transaction will take place on September 30th.
The company operates North American organisation Simplicity Esports, Brazilian esports organisation Flamengo Esports, and centre-focused Play Live Nation. The latter is primarily located in California and Texas but this would provide it with four Florida-based locations.