Play
by Play; Churchill Downs (NasdaqGS: $CHDN) Televises Inspired
Entertainment-Created “Kentucky Derby: Triple Crown Showdown” and Torque
Esports (TSXV: $GAME.V) Acquires Frankly, WinView - Plans Name Change
MLB Owners Back Proposal
for July Start and French Open Could Take Place Without Fans Present
Point Roberts, WA, Delta BC May 12, 2020 -
Investorideas.com, a leader in investor news and research issues today’s
edition of Play by Play covering what’s new in sports and e-sports
headlines and recent news from publicly traded companies in the sector.
Listen to podcast
Stocks
discussed: (NasdaqGS:CHDN) (TSXV:GAME)
Churchill Downs (NasdaqGS:CHDN) put on a
nationwide "Kentucky Derby at Home" party on May 2, the day the Derby
would have taken place were it not postponed due to COVID-19 concerns. The
televised event featured "The Kentucky Derby: Triple Crown Showdown,” a
virtual race, created by Inspired Entertainment, Inc. (NasdaqGS:INSE), that showed 13
Triple Crown winners battle it out. Secretariat won the event, after he claimed
victory in the Kentucky Derby 47 years ago at Churchill Downs. According to the
press
release,
1.7 million viewers watched the race. Bill Carstanjen, CEO of Churchill Downs
Incorporated, commented:
"While
we await Kentucky Derby 146 in September, our partnership with Inspired
Entertainment in creating the virtual Derby not only allowed fans celebrating
Kentucky Derby at Home a chance to experience the thrill of a race at Churchill
Downs together, but the excitement leading up to it gave us a platform to raise
and match funds for important COVID-19 relief efforts."
Torque Esports Corp. (TSXV:GAME) has completed the acquisition of
interactive software platform provider Frankly, Inc., and second-screen
interactive TV company WinView, Inc. Following this acquisition, Torque plans
to change its name to Engine Media Holdings, Inc., and expects to be positioned
at the forefront of esports, news streaming and sports gaming across multiple
media platforms. Tom Rogers, the company’s newly-appointed Executive Chairman,
commented:
"Entertainment
programming has moved quickly into the streaming world and now news and sports
revenue models are highly challenged as subscriber fees from the traditional
bundle models decline. As we have seen through the shelter-in-place orders during
the COVID-19 pandemic, news and sports are searching for solutions that help
them better access consumers, provide programming and unique experiences and
tap into new revenue streams. Engine Media is coming to the table with new ways
for the news, information, sports and esports content to thrive in this new
media marketplace. While each of these businesses have established themselves
by focusing on pieces of a new model, combining and integrating them together
can create the scale that will not only benefit investors, but better serve
clients, partners and customers in this new world."
MLB
Owners Back Proposal for July Start and French Open Could Take Place Without
Fans Present
The Associated
Press
reports that Major League Baseball (MLB) owners greenlit a proposal to the
players’ union that could lead to the delayed season beginning around the
Fourth of July weekend, albeit in venues with no fans attending. On the
prospect of a resumption, California’s Gov. Gavin Newsom said:
“We’ll see where we will be in July. We certainly look
forward to Major League Baseball and all sports resuming. But again, the
question is when and that will be determined on the basis of public health and
public safety and the spread of this virus.”
Elsewhere the AP reports that The
French Open tennis tournament at Roland Garros could also take place without
fans in attendance at its rescheduled dates of Sept. 20 - Oct. 4. President of
the French Tennis Federation Bernard Giudicelli said:
“Organizing it without fans would allow a part of the
economy to keep turning, (like) television rights and partnerships. It’s not to
be overlooked. We’re not ruling any option out.”
Sports Stocks - esports,
sports media, sports teams, sports betting, fantasy sports, sports equipment
and more...
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