Emerge Gaming (ASX:EM1) - CEO, Gregory Stevens (centre)
CEO, Gregory Stevens (centre)
Source: Business News
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Emerge Gaming (EM1) has signed an agreement with Mobile Telephone Networks Proprietary (MTN) to distribute its technology in South Africa
  • The eSports company will see its mobile competition and tournament platform technology be distributed under the MTN Arena brand
  • Under the agreement tournaments will be held daily, weekly, and monthly, and more elaborate prizes will encourage gamers to participate for longer periods of time
  • End-to-end testing has been completed and the platform is expected to go live during June
  • Emerge is up a slight 5.88 per cent and shares are trading for 1.8 cents each just before midday trade

Emerge Gaming (EM1) has signed an agreement with Mobile Telephone Networks Proprietary (MTN) to distribute its technology in South Africa.

The eSports company will see its mobile competition and tournament platform technology be distributed under the MTN Arena brand.

MTN is a South African-based mobile network operator that allows gamers to enter competitions, win prizes and earn raffle tickets in online games.

According to the companies, MTN Arena will be different from the usual subscription-based games.

Sign-ups will be a one-click process, tournaments will be held daily, weekly, and monthly, and more elaborate prizes will encourage gamers to participate for longer periods of time.

“After two years of nurturing our relationship with MTN, product planning and product development, we are now the exclusive MTN Mobile eSports provider. Leveraging MTN’s significant marketing support, we are fully funded to launch the product,” CEO Gregory Stevens commented.

“We have worked extremely hard in developing a trendsetting eSports and gaming technology offering that leverages global Mobile eSports and gaming trends,” he said.

“COVID-19 has accelerated the interest in fresh and entertaining mobile gaming content with global lockdowns increasing mobile usage time and Emerge offers the ideal solution,” he added.

End-to-end testing has been completed and the platform is expected to go live during June.

Emerge is up a slight 5.88 per cent and shares are trading for 1.8 cents each at 11:49 am AEST.

EM1 by the numbers
More From The Market Online

Unith wraps up Q1 with $5M in cash as digital humans evolve

Unith has wrapped up Q1 of 2024 with nearly $5M in cash and opex reduced. But…

Orcoda heading into Q2 with new clients under belt via government-led pilot

Orcoda has announced it's heading into Q2 with 4 new clients in its healthcare logistics arm,…

Iress (ASX: IRE) strikes deal with Bain Capital for UK Mortgage Business Sale

Iress (ASX:IRE) has entered into a binding agreement to sell its UK Mortgage business to Bain…