World Chess PLC (GB:CHSS) has released an update.
World Chess PLC, a leading chess organization, has reported its financial results for 2023, revealing significant strategic investments including the opening of World Chess Club Berlin and the launch of the FIDE Online Arena 2.0. Despite these developments, the company faced a challenging economic environment with an operating loss of €4.5 million. The company successfully raised funds through listing on the London Stock Exchange, generating approximately €5.8 million, and has partnered with 33 television networks to broadcast its chess events, enhancing global brand visibility.
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