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An update from World Chess PLC ( (GB:CHSS) ) is now available.
World Chess PLC has announced a €6 million loan facility agreement through its subsidiary, World Chess Events Ltd, with an existing shareholder. This funding will be used both to refinance an existing short-term loan and to enhance marketing efforts for chessarena.com, their digital platform. This move underscores the company’s strategic focus on expanding their online presence and capitalizing on the momentum of chessarena.com to establish it as the leading global platform for chess enthusiasts.
More about World Chess PLC
World Chess PLC is a London-based chess gaming and entertainment company and the official commercial partner of FIDE, the World Chess Federation. The company is known for organizing major FIDE Championship Matches and revolutionizing the sport through significant media partnerships. It also develops Armageddon, a chess league for prime-time television, and runs the FIDE Online Arena, an exclusive official chess gaming platform.
YTD Price Performance: -42.31%
Average Trading Volume: 323,496
Technical Sentiment Consensus Rating: Buy
See more data about CHSS stock on TipRanks’ Stock Analysis page.
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