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THE ESPORTS ADVOCATE

Mobile Global Esports Forms Strategic Alliance With INFINITY

Company will handle INFINITY Events, seek new opportunities in Latin America.

James FudgebyJames Fudge
July 28, 2023
in Brands, Partnerships
Reading Time: 2 mins read
Mobile Global Esports Partners With Infinity Latin America

Credit: Mobile Global Esports/Infinity

Publicly-traded mobile collegiate esports tournaments company Mobile Global Esports (NASDAQ:MGAM) announced Friday that it has signed a strategic alliance with South American esports organization INFINITY.

Financial terms and duration of this new strategic alliance were not disclosed. 

MOGO said in a release that it hopes this new alliance will strengthen its presence in Latin America and Brazil and generate new partnership opportunities in these (and other) new markets.

In addition, MOGO will help the organization in organizing gaming events, notably  INFINITY Play events, and contribute “to the expansion of Infinity Gaming Centers throughout Latin America,” according to a release.

INFINITY is home to more than 50 professional players and operates gaming houses in Mexico City and Lima, Peru, along with a gaming & training center in Costa Rica (where it is headquartered. The organization (which features both male and female players) currently competes in FIFA, PUBG, Counter-Strike: Global Offensive, Gran Turismo, Dota 2, Valorant, Free Fire & Free Fire FEM, and Wild Rift.

In April, MOGO received a notification letter due to not being in compliance with Nasdaq listing requirements less than a year after its July 2022 $6.9M USD initial public offering (IPO). Since Feb. 24, the company has been trading under $1; on that date, it slid to $0.84 a share and has continued to decline. As of this writing, MOGO is trading at $0.52 a share.

Tags: BrazilCosta RicaIndiaLatin AmericaMexicoMobile Global EsportsMOGONASDAQPartnershipsPeruTournament Platforms
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James Fudge

James Fudge

With a career spanning over two decades in the esports and gaming journalism landscape, James Fudge stands as a seasoned veteran and a pivotal figure in the evolution of esports media. His journey began in 1997 at Game-Wire / Avault, where he curated gaming and community news, laying the groundwork for his expertise in the field. In his more recent roles, James cemented his status as an authority in the esports business sphere as Senior Editor Esports at Sports Business Journal and The Esports Observer between 2018 and 2021.

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