- Eldridge joined the Mobius team when he saw “an opportunity to build a very serious company” in the gaming industry
- Company plans to go public by mid-summer
- Mobius is seeking out partnerships, joint ventures in North and South America
Gary Eldridge, co-founder and chairman at Mobius Interactive was a recent guest on the G&M 1-on-1 interview series, which featured leading executives who are part of the gaming and media space (https://ibn.fm/qZpVd). During the interview, Eldridge talked about why he got involved with Mobius and what the future looks like for the up-and-coming online gaming operator.
Eldridge has created and managed public and private companies worldwide over the past 30 years. He is an experienced entrepreneur with strong knowledge in strategic planning and development for start-up companies. Throughout the interview, he shared Mobius Interactive’s success, which launched in September 2020 with three attractive and successful brands for gamers. He has had many opportunities to take companies public and feels honored to be a part of this one.
Mobius was in the planning stages when the COVID-19 pandemic hit and things came to a standstill. However, Mobius CEO Lynn Pearce was introduced to Eldridge through mutual friends (https://ibn.fm/owbni). Pearce has been involved in the gambling industry for more than two decades, with the last 12 years spent in online ventures. Eldridge saw “an opportunity to build a very serious company” and joined the team.
As part of its growth, Mobius is looking into participating in a joint-venture partnership in a bricks-and-mortar operation. It’s an opportunity that has become possible due to a large increase in online players during the global lockdowns. The company is also seeking out partnerships and joint-ventures with gaming affiliates in North and South America, or as Eldridge put it, “wherever they may happen.”
“For owners that are open to the idea of joint venture, there’s opportunity for everybody. It’s a real win-win-win,” said Eldridge. “It’s going to make it very attractive for us and local markets to be marketing with something that’s already a recognized brand. They’re going to get the benefit of dealing with us and the brand. Our affiliates are going to get the benefit of larger advertising spends, more support, co-branding with the land-based and online which opens up for a broader range of good product.”
During the interview, Eldridge noted that the company is in the midst of another financing process. “Our plan is to take the company public by mid-summer of this year. As the company grows, we are in a position to fund it,” he said.
This positive funding is in part due to the boom in esports and the gaming industry as a whole. Currently, the esports market is on track to surpass $1.5 billion by 2023. Viewership is expected to increase at a 9% compound annual growth rate (“CAGR”) between 2019 and 2023 (https://ibn.fm/37x6P).
There is much change within the gaming industry, from the government’s need for revenue to everyone being impacted by COVID. During the interview, Eldridge pointed out the government can’t monetize something that isn’t legal; therefore, the shifts in government’s acceptance and legalization in this space provide a great opportunity as new revenue streams are sought out. People won’t stop betting just because their local casino has shut down due to the pandemic, he noted. They’ll look elsewhere — like online — for opportunities.
For more information, visit the company’s website at www.MobiusInteractive.Ltd.
NOTE TO INVESTORS: The latest news and updates relating to Mobius are available in the company’s newsroom at http://ibn.fm/Mobius
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