Enthusiast Gaming announces C$4.1M sale of select non-core assets

Enthusiast Gaming Holdings has entered into a definitive agreement for the divestment of certain non-core and non-profitable casual gaming assets for a purchase price of approximately C$4.1 million. The Assets comprise a subset of Enthusiast Gaming’s casual gaming business, and the divestment is a continuation of a number of recent strategic actions designed to enhance the Company’s operational efficiency while emphasizing high-margin revenue growth and sustainable profitability. Other recent actions include a C$10 million cost reduction program, and a multi-year partnership with Playwire to improve programmatic yield and unlock additional revenue streams, both actioned in March. The Asset Sale Agreement is expected to close in 10 business days and is subject to customary closing conditions.