Enthusiast Gaming Holdings, the parent company of organisation Luminosity Gaming, has acquired a non-controlling interest in Overwatch League franchise Vancouver Titans.
The organisation was previously involved with the franchise through a long-term management agreement with its owner, Aquilini Investment Group.
Vancouver Titans entered the Overwatch League ahead of the second season as one of eight expansion franchises. It’s owned by Aquilini Investment Group, the company that has NHL side Vancouver Canucks and the Rogers Arena in its portfolio.
Enthusiast Gaming recently completed its merger with Aquilini GameCo, the parent company of Luminosity Gaming. Trading on the TSXV as ‘EGLX,’ the merged entity is named Enthusiast Gaming Holdings Inc.
Speaking on the merger ahead of this investment, Menashe Kestenbaum, President of Enthusiast Gaming said: “Our vision when we founded Enthusiast was to build the largest, vertically integrated esports and gaming company in the world. The merger with Aquilini GameCo and Luminosity was a strategic decision that positions us as a dominant player in the gaming industry and unlocks access to Luminosity’s 60 million dedicated esports fans and one of the largest esports franchises. I look forward to working with our new partners to continue to build and diversify Enthusiast Gaming across the esports, gaming and entertainment sectors.”
As the Overwatch League shifts to a home & away format in 2020, Vancouver Titans will host its homestand events in the Rogers Arena on May 16-17th and July 4-5th.
Esports Insider says: This investment makes sense and marks a real commitment between the two parties. With a long-term management agreement being signed quite some time ago, it’s cool to see that things are continuing to go well for Luminosity and the Titans. We have a feeling that this was always part of Enthusiast Gaming’s plan.