World Chess Supports Kramnik’s EU Complaint Against Chess.com

An announcement from World Chess PLC ( (GB:CHSS) ) is now available.

World Chess PLC has expressed support for former World Chess Champion Vladimir Kramnik’s formal complaint to the European Commission against Chess.com, the largest online chess platform. Kramnik’s complaint, which includes allegations of abuse of a dominant market position and lack of transparency in anti-cheating practices, highlights growing concerns within the chess community about accountability in digital chess platforms. World Chess aligns with these concerns, advocating for transparency and fairness in online chess, and views Kramnik’s actions as a positive step towards formal oversight in the industry.

Spark’s Take on GB:CHSS Stock

According to Spark, TipRanks’ AI Analyst, GB:CHSS is a Neutral.

World Chess PLC faces substantial financial challenges, marked by declining revenues, significant debt, and cash flow issues. Technical analysis shows bearish trends, although oversold conditions might suggest a rebound opportunity. The valuation is weak with a negative P/E ratio and no dividend yield. Positive corporate events provide some optimism, but the overall outlook remains cautious.

To see Spark’s full report on GB:CHSS stock, click here.

More about World Chess PLC

World Chess PLC is a London-based chess gaming and entertainment company and an official commercial partner of the Fédération Internationale des Échecs (FIDE). The company is known for organizing FIDE Championship Matches in the USA and the UK and has revolutionized the sport by securing significant media partnerships. World Chess also develops Armageddon, a chess league for prime-time television, and operates the FIDE Online Arena, the exclusive official chess gaming platform.

Average Trading Volume: 224,886

Technical Sentiment Signal: Sell

See more data about CHSS stock on TipRanks’ Stock Analysis page.