{"id":18628,"date":"2019-09-12T07:19:33","date_gmt":"2019-09-12T11:19:33","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=18628"},"modified":"2019-09-12T07:21:45","modified_gmt":"2019-09-12T11:21:45","slug":"enthusiast-eglxv-sims-resource","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/enthusiast-eglxv-sims-resource\/","title":{"rendered":"Enthusiast Gaming Finalizes Ownership of The Sims Resource"},"content":{"rendered":"<p><span data-contrast=\"auto\">After finalizing a long-planned merger with J55 Capital Corp, Aquilini GameCo, And Luminosity Gaming earlier this month,\u00a0<\/span><b><span data-contrast=\"auto\">Enthusiast Gaming Holdings Inc.\u00a0<\/span><\/b><span data-contrast=\"auto\">[stock_market_widget type=\"inline\" template=\"generic\" color=\"default\" assets=\"EGLX.V\" markup=\"(TSXV: {symbol} {currency_symbol}{price} ({change_pct}))\" api=\"yf\"] is now moving forward with another acquisition.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Today the company <a href=\"https:\/\/www.enthusiastgaming.com\/enthusiast-gaming-completes-deferred-payment-to-the-sims-resource-unlocking-100-of-ebitda-and-cashflow\/\">completed its deferred payment obligation<\/a> to\u00a0<\/span><b><span data-contrast=\"auto\">The Sims Resource<\/span><\/b><span data-contrast=\"auto\">\u00a0(TSR) ahead of schedule. That payment completes the acquisition of TSR, which was previously held by\u00a0<\/span><span data-contrast=\"auto\">Generatorhallen<\/span><span data-contrast=\"auto\">\u00a0AB and IBIBI HB.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">TSR is known as one of the largest online destinations for female gamers,\u00a0<\/span><span data-contrast=\"auto\">modders<\/span><span data-contrast=\"auto\">, and modelers, offering a wide array of assets for the various\u00a0<\/span><i><span data-contrast=\"auto\">Sims<\/span><\/i><span data-contrast=\"auto\">\u00a0line of games.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Every aspect of the<\/span><i><span data-contrast=\"auto\">\u00a0Sims<\/span><\/i><span data-contrast=\"auto\"> universe is covered by TSR, from pet skins to building floors to character makeup, as well as a subscriber-only community forum for discussing new additions to the game.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">With the acquisition now closed, members of The Sims Resource\u2019s management team are moving over to positions with Enthusiast Gaming, while the site will begin utilizing a newly optimized ad strategy under Enthusiast\u2019s direction.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The site typically sees a wider range of visitors than competing resources as mod content is generally kept to a PG-13 rating, netting TSR an estimated 2.5\u00a0billion page\u00a0views across the 2018 calendar year.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">That number is likely to grow in the short term as TSR is preparing to see a wealth of new content and subscribers in the wake of the newly released Realm Of Magic expansion for\u00a0<\/span><i><span data-contrast=\"auto\">The Sims 4<\/span><\/i><span data-contrast=\"auto\">. Realm Of Magic officially dropped on PC yesterday, with the console version to arrive on Oct. 15.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">After news broke of the early completed payment this morning,\u00a0Enthusiast Gaming President\u00a0Menashe Kestenbaum commented:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\"><div class=\"su-quote su-quote-style-default\"><div class=\"su-quote-inner su-u-clearfix su-u-trim\"> Paying down the deferred payment ahead of schedule to TSR was an extremely important first step for the new Enthusiast Gaming. Having 100% economic and strategic control of TSR provides significant upside potential to increase our revenue\/user and value\/user &#8211; two key metrics for Enthusiast Gaming moving forward.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> <\/div><\/div><\/span><\/p>\n<p><span data-contrast=\"auto\">Unlike many other mod and texture resource sites, The Sims Resource uses both ad revenue and a paid subscription service, with a combined $7 million in revenue\u00a0<\/span><span data-contrast=\"auto\">generated<\/span><span data-contrast=\"auto\">\u00a0between those two sources last year.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Subscription services for TSR are up by an estimated 30% since April, which will be leveraged by Enthusiast across its entire subscription platform.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enthusiast Gaming (TSXV: EGLX.V) completed its deferred payment obligation, acquiring The Sims Resource\u00a0(TSR).<\/p>\n","protected":false},"author":12,"featured_media":18447,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1112],"tags":[208,1123,1122],"class_list":{"0":"post-18628","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech","8":"tag-company-news","9":"tag-eglx","10":"tag-enthusiast-gaming-holdings"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Enthusiast Gaming (EGLX) Finalizes Ownership of The Sims Resource | Capital 10X<\/title>\n<meta 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