A new NASCAR PC and console game is set for a 2025 release under the stewardship of iRacing, following the sale of NASCAR Team Properties’ gaming license by Motorsport Games.
Motorsport Games has moved to clarify the upcoming IndyCar game’s development, stating on an earnings call that while it’s currently functional, it’s been pushed back to ‘meet expectations’.
Three key financial decisions have been taken by Motorsport Games this week, as a new board has been ratified by Nasdaq, Motorsport Network strikes a deal and more shares become available.
Racing game developer Motorsport Games as entered into an agreement to sell common stock to a new investor, with an option for the quantity to increase throughout 2023.
The company’s CEO Dmitry Kozko highlighted on the third quarter 2022 earnings call that all available resources are with the game development teams and it doesn’t anticipate a change of 2023 line-up.
Following the release of the company’s Q3 2022 financial results, Motorsport Games’ earnings call highlighted board member changes and continued cash burn challenges.