Proactiveinvestors USA & Canada Esports Entertainment Group Inc https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Esports Entertainment Group Inc RSS feed en Sun, 21 Jul 2019 22:23:52 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Esports Entertainment leads the next-generation of e-sports betting online ]]> https://www.proactiveinvestors.com/companies/news/223773/esports-entertainment-leads-the-next-generation-of-e-sports-betting-online-223773.html  

Esports Entertainment Group (OTCMKTS:GMBL), or EEG, is a licensed online gambling company focused on the growing world of professional video gaming.

Much like traditional sports gamblers betting on their favorite teams, EEG’s proprietary Player-to-Player (P2P) wagering system allows e-sports fans and enthusiasts to bet against one another in support of their favorite ePremiere League (ePL) teams. The ePL is a partnership between Electronic Arts and the English Premier League, which is the most-watched sports league in the world. 

With an estimated 350 million game enthusiasts worldwide, wagering in the space is already in the billions of dollars globally and is expected to surpass US$23 billion by 2020.

EEG takes a percentage of each wager on the platform but otherwise has no interest in the outcome.

CEO Grant Johnson, an industry veteran who is himself an avid video game player, says that the technology company is focused on being first to market, ramping up operations and signing as many partnerships as possible.

The target market skews younger: the average age of e-sports enthusiasts are men in their twenties, with many in their prime between the ages of 18 to 28.

The market is growing. Many US universities have already set up e-sport teams and offer scholarships to players. And the Paris 2024 Olympics is considering e-sports as a medal event,

Johnson says he believes the future of e-sports is sound.

This is further supported by the 100 e-sports teams around the world that have already become affiliate partners of the company for the purpose of generating income from their fans' wagering. No e-sports team had previously signed with any wagering site.

Global in scope

The Malta-based company's business model doesn’t rely solely on the US and focuses instead on the rapidly growing global online audience of e-sports fans already placing bets In Europe and Asia. It is licensed and regulated to legally conduct e-sports wagering in multiple jurisdictions.

EEG has staged exhibits at Gamescom 2018 in Cologne, Germany and has announced the signing of an additional 193 affiliates, more than three-fold increase over the same conference in 2017.

The company also operates Vie.gg, a betting exchange platform that allows fans to wager on a variety of e-sports games, including Call of Duty, Overwatch, League of Legends and PlayerUnknown's Battlegrounds.

Among the partnerships and affiliations EEG forged in 2019:

Partnered with majority owners of the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils to offer player-to-player e-sports betting. Struck up a new contract with AffiliateINSIDER, a London-based public relations and marketing firm, to broaden the reach of its e-sports betting platform VIE.gg. Joined the Esports Integrity Coalition, an independent global body that works to protect the integrity of e-sports wagering. Signed an affiliate marketing agreement with GOLeague Int Gaming, a multilingual e-sports league. Forged an online wagering partnership with Belgium-based Epsilon eSports, an online e-sports gaming company. Inflection points

Though the company’s wagering platform is focused outside the US, banking and regulatory rules in the US significantly loosened last year when the US Supreme Court eliminated a 1992 federal ban on sports betting at the state level.

So far, the only states where sport books have been legal are Las Vegas, Nevada, and Atlantic City, New Jersey. But Connecticut, Mississippi, New York, Pennsylvania and West Virginia have passed laws allowing sports betting, and about a dozen other states may follow suit.

To reach a wider investor base in the US, EEG plans to uplist from the OTC Market’s QB exchange this year having applied in June to uplist to Nasdaq.

Outlook

The company recently filed a Form S-1 registration statement with the SEC for a proposed offering of securities with a potential value of US$11,5 million 

What the CEO says

"I believe we will be one of the top 10 operators" says Johnson. "The e-sports betting community will be on par with the other sports.

“We know there's demand. With 100 e-sports teams and 250-plus e-sports influencers as our partners already, we're well on our way to becoming a dominant player in this space."

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Thu, 11 Jul 2019 05:12:00 -0400 https://www.proactiveinvestors.com/companies/news/223773/esports-entertainment-leads-the-next-generation-of-e-sports-betting-online-223773.html
<![CDATA[Media files - Esports Entertainment Group partners with sports empire Harris Blitzer Sports & Entertainment ]]> https://www.proactiveinvestors.com/companies/stocktube/13802/esports-entertainment-group-partners-with-sports-empire-harris-blitzer-sports--entertainment-13802.html Wed, 19 Jun 2019 11:48:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13802/esports-entertainment-group-partners-with-sports-empire-harris-blitzer-sports--entertainment-13802.html <![CDATA[News - Esports Entertainment to offer e-sports betting in partnership with 76ers' owner Harris Blitzer Sports & Entertainment ]]> https://www.proactiveinvestors.com/companies/news/222237/esports-entertainment-to-offer-e-sports-betting-in-partnership-with-76ers--owner-harris-blitzer-sports--entertainment-222237.html Esports Entertainment Group Inc (OTCMKTS:GMBL) is partnering up with the majority owners of the Philadelphia 76ers and the New Jersey Devils to offer player-to-player e-sports betting.

The Malta-based gaming company reached a multi-year agreement with Harris Blitzer Sports & Entertainment, owner of the e-sports organization Dignitas in addition to the Sixers and Devils, to provide gambling through the website VIE.gg.

With the Dignitas partner VIE.gg, users can gamble on League of Legends, Call of Duty and a variety of other games. The player-to-player model means a user always wins, as opposed to gamblers competing against a casino.

READ: Esports Entertainment applies for Nasdaq listing

Last year, Dignitas won the Rocket League Championship Series, a e-sports game in which users play virtual soccer with rocket-powered cars as players.

“I am very proud of this new partnership with HBSE and their Dignitas esports brand, which is founded in our shared common beliefs of player safety above all else,” CEO Grant Johnson said. “I look forward to sharing our incredible product with Dignitas’ highly engaged fan base over the next three years and beyond. For Esports Entertainment Group, a partnership of this calibre is a significant milestone for our shareholders and tremendous validation of both our P2P esports wagering model and future plans within the esports world.”

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Mon, 17 Jun 2019 08:13:00 -0400 https://www.proactiveinvestors.com/companies/news/222237/esports-entertainment-to-offer-e-sports-betting-in-partnership-with-76ers--owner-harris-blitzer-sports--entertainment-222237.html
<![CDATA[News - Esports Entertainment applies for Nasdaq listing ]]> https://www.proactiveinvestors.com/companies/news/221639/esports-entertainment-applies-for-nasdaq-listing-221639.html Esports Entertainment Group Inc (OTCMKTS:GMBL) is looking to level up its stock by listing on the Nasdaq.

The online gaming and gambling platform has applied to list on the New York exchange, subject to approval. In the meantime, the Malta-based company will continue to trade on the OTCQB.

Its over-the-counter shares jumped 22% to $0.55.

On May 1, the company filed a proposed offering of up to $11.5 million in shares with the US Securities and Exchange Commission.

READ: Esports Entertainment taps John Brackens as chief information officer

"Given the tremendous progress of our esports betting platform, including partnering with more than 190 esports teams from around the world, we believe the company is now well positioned to pursue additional growth opportunities,” CEO Grant Johnson said. “A Nasdaq listing, if successful, will broaden our access to a larger and international group of investors as we seek to become a truly global company."

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Thu, 06 Jun 2019 07:52:00 -0400 https://www.proactiveinvestors.com/companies/news/221639/esports-entertainment-applies-for-nasdaq-listing-221639.html
<![CDATA[News - Esports Entertainment taps John Brackens as chief information officer ]]> https://www.proactiveinvestors.com/companies/news/220529/esports-entertainment-taps-john-brackens-as-chief-information-officer-220529.html Esports Entertainment Group Inc (OTCQB:GMBL), the licensed online gambling company, said Friday that it is tapping John Brackens as the company’s new chief information officer.

Brackens earlier served as manager of network operations at Activision Blizzard Inc (NASDAQ:ATVI), where he directed IT service management and hardware support for more than 4,500 servers and 50 million monthly active players. He was effective in reducing server maintenance costs by 35% and automating the repair of online services using artificial intelligence.

“I joined Esports Entertainment Group because of Grant Johnson’s commitment to providing a best in class betting experience to e-sports fans,” said Brackens. “Esports is going to be the leading source of entertainment in the next few years eclipsing many major traditional sports. I want to be a part of this movement.”

READ: Esports Entertainment believes gaming is turning lucrative and coming into its own

Esports Entertainment is a licensed online gambling company with a focus on e-sports wagering and gaming for adults. The company’s e-sports betting platform VIE.gg offers exchange-style wagering and pool betting on e-sports events in a licensed, regulated and secured platform. It is the first and most transparent e-sports bet exchange as a result of Esports Entertainment being a fully reporting SEC issuer in the US.

“I look forward to helping drive the growth of VIE.gg through cost-effective technologies that deliver value and innovation to players and fans alike, so that everyone can enjoy all of our services as intended,” said Brackens.

Esports Entertainment Group CEO Grant Johnson said the new hire is a key addition to the senior management team.

“John’s experience at the highest levels of information technology and network operations, especially within different licensing regimes, will be invaluable as the company embarks on its aggressive growth plans within the global e-sports industry,” said Johnson.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Fri, 17 May 2019 09:45:00 -0400 https://www.proactiveinvestors.com/companies/news/220529/esports-entertainment-taps-john-brackens-as-chief-information-officer-220529.html
<![CDATA[News - Bitcoin surge continues as retailers move to accept cryptos, investors seek out safe haven ]]> https://www.proactiveinvestors.com/companies/news/220162/bitcoin-surge-continues-as-retailers-move-to-accept-cryptos-investors-seek-out-safe-haven-220162.html Bitcoin USD (CCC:BTC-USD) continued to add value on Tuesday, accelerating a rally for the crypotocurrency that began in April.

The upswing, which began in earnest when Bitcoin crossed the $5,000 threshold on April 5 for the first time since November, has rapidly sped up as bigger fish move into the cryptocurrency space and consumers increasingly view the crypto as a safe-haven asset.

The cryptocurrnecy swelled 2.6% to $8,0012.38 Tuesday afternoon after climbing as high as $8,284.84 overnight Monday. 

Retail players now accept Bitcoin

In a post on Medium on Monday, Tyler Winklevoss, co-founder of the digital asset exchange Gemini, announced a partnership with Flexa, a cryptocurrency payments network.

The companies launched a mobile app called SPEDN, a mobile wallet where people can store digital currencies such as bitcoin and spend them at stores like Amazon’s (NASDAQ:AMZN) Whole Foods, Bed Bath & Beyond (NASDAQ:BBBY), Lowe’s (NYSE:LOW) and others.

In addition, eBay (NASDAQ:EBAY) is rumored to be dipping its toe in the crypto water, crypto news outlet CCN reported, according to banners leaked from the Consensus conference, a cryptocurrency and blockchain event in New York this week.

Leaked from Consensus. Apparently EBay will announce support of crypto payments. $BTC pic.twitter.com/8b2RL5L7cm

— Cryer (@CryptoHi) May 13, 2019

On May 6, Bloomberg reported that Fidelity Investments would offer cryptocurrency trading within a few weeks, citing a person familiar with the matter.

Crypto convenience

In some cases, investing in cryptocurrencies is simpler than keeping money in foreign banks. Grant Johnson, CEO of the professional e-sports gambling company Esports Entertainment Group (OTCMKTS:GMBL), told Proactive in an email exchange that European banks are driving companies and consumers to alternatives like Bitcoin.

It took Johnson eight months to set up a European account for his company, and all the documentation requirements make it next to impossible for his customers to move their money around, he said. Many banks don’t deal in US funds at all, and when they do, high costs and fees are driving customers away, he added.

“The banks, in fact, are the reason [cryptos] are gaining traction” Johnson said. “Banks are manufacturing buggies, and the world is digital. The harder the banks clamp down the more traction these options will get."

Bitcoin could be the new gold

The Dow plunged more than 600 points Monday after China announced it would raise tariffs on about $60 billion of US products. Whenever pullbacks like that happen, investors look for assets that aren’t tied to the market. Historically, that has meant putting money in gold -- but that could be changing.

In a note Monday, Head of International Fixed Income at National Alliance Securities Andy Brenner suggested that Chinese investors may be flocking to Bitcoin as the yuan falters, per CNBC.

“If you were in China and you wanted to diversify, it would seem logical that Bitcoin would be a short-term alternative,” Brenner said. “While we do not see the direct flows of who is buying bitcoin, we can see that the bid for bitcoin in this latest run has coincided with a big downtick in the value of the Chinese yuan versus the dollar.”

On Tuesday, as the Dow recoverd about 350 points, the rate of bitcoin growth slowed. 

Room to run

On Thursday, Canaccord Genuity published an analyst note predicting that the cryptocurrency’s value would grow back to its record high around $20,000 by March 2021.

“Now four months into 2019, we note for the third time the striking similarity in bitcoin's price action between 2011-2015 and 2015-2019,” analyst Michael Graham wrote. “Looking ahead, if bitcoin were to continue following the same trend, the implication is a slow climb back toward its all-time high of ~$20,000, theoretically reaching that level in March 2021.”

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Mon, 13 May 2019 15:51:00 -0400 https://www.proactiveinvestors.com/companies/news/220162/bitcoin-surge-continues-as-retailers-move-to-accept-cryptos-investors-seek-out-safe-haven-220162.html
<![CDATA[Media files - Esports Entertainment Group to speak at the International Casino Expedition in Boston ]]> https://www.proactiveinvestors.com/companies/stocktube/13287/esports-entertainment-group-to-speak-at-the-international-casino-expedition-in-boston-13287.html Thu, 09 May 2019 14:01:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13287/esports-entertainment-group-to-speak-at-the-international-casino-expedition-in-boston-13287.html <![CDATA[News - Esports Entertainment Group to raise funds through an offering for major growth initiatives ]]> https://www.proactiveinvestors.com/companies/news/219663/esports-entertainment-group-to-raise-funds-through-an-offering-for-major-growth-initiatives-219663.html Esports Entertainment Group Inc (OTCQB:GMBL), a licensed online gambling company, filed a Form S-1 registration statement Friday with the Securities and Exchange Commission for a proposed offering of its securities.

Though the number and type of securities to be offered and the price range for the offering have not yet been determined, the proposed maximum aggregate will be in the range of $11,500,000, said the company in a statement.

READ: Esports Entertainment believes gaming is turning lucrative and coming into its own

The company expects to use the net proceeds from the proposed offering to execute on a number of growth initiatives listed below. 

• Obtain a proposed license in, and establish operations in Malta

• Similarly, obtain an online gaming license from, and establish operations in a still-to-be-decided Asian country

• Develop and launch skill-based video game tournaments for play on mobile devices

• Launch skill-based video game tournaments for play on PCs and video game consoles

• Upgrade sales and marketing capabilities

• Purchase from a related party a software license for the company's gambling platform

Some of the capital will also be funneled into working capital and other general corporate purposes.

Joseph Gunnar & Co and Dinosaur Financial Group will be co-underwriters for the proposed offering which will be made only by means of a prospectus.

Esports Entertainment Group is an internet gambling company for the new world of professional video games. Much like traditional sports gamblers betting on their favorite EPL team, EEG allows e-sports fans to bet against each other in support of their favorite e-sports team.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Fri, 03 May 2019 07:35:00 -0400 https://www.proactiveinvestors.com/companies/news/219663/esports-entertainment-group-to-raise-funds-through-an-offering-for-major-growth-initiatives-219663.html
<![CDATA[Media files - Esports Entertainment Group unites with Epsilon eSports for worthy cause ]]> https://www.proactiveinvestors.com/companies/stocktube/12991/esports-entertainment-group-unites-with-epsilon-esports-for-worthy-cause-12991.html Fri, 12 Apr 2019 15:00:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/12991/esports-entertainment-group-unites-with-epsilon-esports-for-worthy-cause-12991.html <![CDATA[News - Esports Entertainment Group’s betting platform VIE.gg, Epsilon Esports to raise money for charities ]]> https://www.proactiveinvestors.com/companies/news/218514/esports-entertainment-groups-betting-platform-viegg-epsilon-esports-to-raise-money-for-charities-218514.html Esports Entertainment Group Inc (OTCQB:GMBL), a licensed online gambling company, said Friday that its e-sports betting platform VIE.gg is teaming up with Epsilon eSports to raise money for charities through P2P esports betting between fans and three Epsilon eSports team Counter-Strike: Global Offensive (CS:GO) players till May 31, 2019. 

The company explained that fans will keep their winnings, while bets won by the Epsilon team pros would be donated to their chosen charities.

“While CS:GO pros are normally prohibited from betting on CS:GO by the Esports Integrity Coalition (ESIC) anti-corruption code, this promotion has been approved by ESIC and the players are cleared to bet on CS:GO only on Vie.gg during this promotion,” said the company.

READ: Esports Entertainment looks to recruit more affiliates after signing deal with AffiliateINSIDER

Vie.gg, which is a member of the Esports Integrity Coalition, said it will “monitor player accounts” to make sure “no suspicious bets are placed.”

“This is a fantastic initiative between VIE.gg and our players, and we are extremely proud to take part in helping to make the world a better place,” said Epsilon eSports CEO Gregory Champagne. “The trio, K1to, Surreal and SPELLAN have chosen to donate their winnings to worthy charities that have important meaning to each of them and I know they look forward with great excitement to challenging esports fans.”

VIE.gg offers exchange-style wagering and pool betting on e-sports events in a licensed, regulated and secured platform. It is the first and most transparent e-sports bet exchange as a result of Esports Entertainment Group being a fully reporting SEC issuer in the US.

“In January, we announced our esports wagering partnership with Epsilon and couldn’t imagine we would already be working on three such worthy causes together,” said Esports Entertainment Group Grant Johnson. “As we work towards establishing VIE.gg as the premier destination for transparent esports betting between fans, we also feel strongly about helping those most in need by supporting our partner, their great players and their great charities.”

The Pros

Professional player SPELLAN’s (aka Teodor Nikolov), chosen charity is “Teach For Bulgaria.”

"I will donate my winnings from VIE.gg to Teach For Bulgaria because I know that life in Bulgaria is really hard for some children that deserve a better life,” said Nikolov. “I feel very proud and happy that I am able to help them through my esports play." To challenge SPELLAN fans can go to https://promo.vie.gg/spellan

Surreal (aka Kia Man), a British professional, said he will donate his winnings to Cancer Research UK. To challenge Surreal fans can access https://promo.vie.gg/surreal

K1to (aka Nils Gruhne), a German CS: GO player has settled on “Holidays From Cancer” as his chosen charity. “I will donate all my winnings to Holidays From Cancer because it breaks my heart that little kids have to deal with such a terrible thing so early in life," said Gruhne. Fans can challenge K1to through https://promo.vie.gg/k1to

How it works

Several times per week, each of the Epsilon players will examine the markets and place a bet on a team that they think will win (excluding Epsilon). The players will then post a notification regarding the bet on Twitter, along with the hashtag “#VIEcares” and challenge their followers to match the bet. Fans that sign up through this promotion will be given a free bet on VIE for up to 20 euros.

VIE will be providing the Epsilon players with money in their Vie accounts. The players understand the money is not withdrawable and will only be used to make bets during the promotional period, with final balances being donated to their designated charities.

If a fan signs up, bets against the Epsilon pro and wins, they are free to keep their winnings, as well as, claim bragging rights. 

At the end of the promotional period in May, the players' total winnings will be audited, with final donations being made to each of their respective charities.

“It’s a pleasure to get to work directly with players that genuinely want to make a difference using our website,” said Brian Cordry, head of Esports at VIE.gg.

VIE.gg features wagering on a number of esports games including Counter-Strike: Global Offensive (CS:GO), League of Legends, Dota 2, Call of Duty, Overwatch, PUBG, Hearthstone and StarCraft II.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

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Fri, 12 Apr 2019 09:49:00 -0400 https://www.proactiveinvestors.com/companies/news/218514/esports-entertainment-groups-betting-platform-viegg-epsilon-esports-to-raise-money-for-charities-218514.html
<![CDATA[News - Esports Entertainment looks to recruit more affiliates after signing deal with AffiliateINSIDER ]]> https://www.proactiveinvestors.com/companies/news/216767/esports-entertainment-looks-to-recruit-more-affiliates-after-signing-deal-with-affiliateinsider-216767.html Esports Entertainment Group Inc (OTCQB:GMBL), the licensed online gambling company, said Tuesday it has struck up a new contract with AffiliateINSIDER, a London-based public relations and marketing firm, to broaden the reach of its e-sports betting platform VIE.gg.

Under the deal’s terms, AffiliateINSIDER will take on responsibility for the growth of VIE.gg’s affiliate partner program globally, helping Esports to add both new affiliates and customers.

READ: Esports Entertainment signs affiliate marketing agreement with GOLeague Int Gaming

VIE.gg offers exchange-style wagering and pool betting on e-sports events in a licensed, regulated and secured platform. It is the first and most transparent e-sports bet exchange as a result of Esports Entertainment Group being a fully reporting SEC issuer in the US.

“We are excited to partner with AffiliateINSIDER as we continue to grow and manage our affiliate network. They had an acute understanding of the complexities we face in the emerging esports sector and have been involved with managing and growing affiliate networks and programs since the very beginning in the gambling space,” said Grant Johnson, CEO of Esports, in a statement.

Esports Entertainment Group Inc. is a licensed online gambling company with a focus on e-sports wagering and gaming for adults.

Esports shares held steady at US$0.55 in morning trade on Tuesday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Tue, 19 Mar 2019 09:29:00 -0400 https://www.proactiveinvestors.com/companies/news/216767/esports-entertainment-looks-to-recruit-more-affiliates-after-signing-deal-with-affiliateinsider-216767.html
<![CDATA[News - Esports Entertainment Group joins integrity coalition monitoring online gambling ]]> https://www.proactiveinvestors.com/companies/news/213189/esports-entertainment-group-joins-integrity-coalition-monitoring-online-gambling-213189.html Esports Entertainment Group Inc (OTCMKTS:GMBL) said Wednesday that it has joined an independent global body that works to protect the integrity of e-sports wagering.

The Esports Integrity Coalition, established in 2016, works with betting operators and e-sports organizations to safeguard players, combat cheating and educate audiences. 

READ: Esports Entertainment signs affiliate marketing agreement with GOLeague Int Gaming

The group takes responsibility for disruption, protection, investigation and prosecution of all forms of cheating in e-sports including the threat of match-fixing and betting fraud, according to Esports Entertainment.

“Our ESIC membership is a symbol of our commitment to protecting our players and partners from cheating and fraud in esports,” Grant Johnson, CEO of Malta-based Esports, said in a statement.

He added that its VIE.gg betting exchange will continue to incorporate systems that protect players.

Coalition partners

Current coalition partners, according to Esports Entertainment, include ESLGaming, DreamHack, Intel Corp (NASDAQ:INTC), the UK Gambling Commission and Esports Insider.

Shares of Esports Entertainment slipped $0.09 to $0.61 in Wednesday’s OTC Markets trading.

Last week, the company said it had signed an affiliate marketing agreement with GOLeague Int Gaming, a multilingual e-sports league.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Wed, 23 Jan 2019 11:11:00 -0500 https://www.proactiveinvestors.com/companies/news/213189/esports-entertainment-group-joins-integrity-coalition-monitoring-online-gambling-213189.html
<![CDATA[Media files - Esports Entertainment Group signs 'groundbreaking' GOLeague and Epsilon eSports partnerships ]]> https://www.proactiveinvestors.com/companies/stocktube/11883/esports-entertainment-group-signs--groundbreaking--goleague-and-epsilon-esports-partnerships-11883.html Thu, 17 Jan 2019 15:22:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11883/esports-entertainment-group-signs--groundbreaking--goleague-and-epsilon-esports-partnerships-11883.html <![CDATA[News - Esports Entertainment signs affiliate marketing agreement with GOLeague Int Gaming ]]> https://www.proactiveinvestors.com/companies/news/212810/esports-entertainment-signs-affiliate-marketing-agreement-with-goleague-int-gaming-212810.html Esports Entertainment Group Inc. (OTCMKTS:GMBL) said Thursday that it has signed an affiliate marketing agreement with GOLeague Int Gaming, a multilingual e-sports league.

Under the agreement, the Malta-based licensed online gambling company said it expects to add 350 Counter-Strike: Go (CSGO) matches per month to VIE.gg for GOLeague user wagering.

READ: Esports Entertainment forges online wagering partnership with Epsilon eSports

Founded in 2017, GOLeague says it’s the first public league for every skill group in CSGO and League of Legends, attracting 11,000 visitors per day. The total prize money for its upcoming season has been set at €10,000 ($11,400).

“This agreement with GOLeague is a big step forward for VIE, as it will add hundreds of additional matches per month to our pools,” Grant Johnson, CEO of Esports at Esports Entertainment Group, said in a statement.

Shares of Esports fetched $0.70 in Wednesday’s OTC Markets trading.

Earlier this week, Esports said it was forging an online wagering partnership with Epsilon eSports, an online e-sports gaming company.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Thu, 17 Jan 2019 09:55:00 -0500 https://www.proactiveinvestors.com/companies/news/212810/esports-entertainment-signs-affiliate-marketing-agreement-with-goleague-int-gaming-212810.html
<![CDATA[News - Esports Entertainment forges online wagering partnership with Epsilon eSports ]]> https://www.proactiveinvestors.com/companies/news/212516/esports-entertainment-forges-online-wagering-partnership-with-epsilon-esports-212516.html Esports Entertainment Group Inc (OTCQB:GMBL), a licensed online gambling company, announced Monday that it is forging an online wagering partnership with Epsilon eSports, an online e-sports gaming company.

Founded in 2008, Epsilon is an e-sports organization headquartered in Belgium, with teams based across Europe and North America who compete in games such as Counter-Strike: Global Offensive, Gears Call of Duty and FIFA.

Epsilon will be the first tier-1 esports organization to partner with Esports’ VIE.gg esports betting platform.

READ: Esports Entertainment to introduce wagering for speedrunning

“As our first Tier-1 esports team partnership, today marks a significant milestone for VIE and we look forward to great success together,” said Grant Johnson, Esports CEO in a statement.

Epsilon is a leader in console esports, with multiple Call of Duty European championships, as well as a Smite World championship. Epsilon is a highly-international organization, with players and members from over 20 different nations.

READ: Esports Entertainment believes gaming is turning lucrative and coming into its own

Gregory Champagne, CEO of Epsilon eSports, is similarly bullish on the tie-up.

“It is with great pride that today Epsilon partners with VIE.gg. This is a whole different ball game, the first betting exchange platform where players challenge other players,” Champagne said in a statement.

VIE.gg offers bet exchange style wagering on esports events in a licensed, regulated and secured platform. It is the first and most transparent esports bet exchange as a result of Esports Entertainment Group being a fully-reporting SEC issuer in the US.

 Esports Entertainment Group Inc. is a licensed online gambling company with a focus on esports wagering and gaming for adults.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

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Mon, 14 Jan 2019 09:21:00 -0500 https://www.proactiveinvestors.com/companies/news/212516/esports-entertainment-forges-online-wagering-partnership-with-epsilon-esports-212516.html
<![CDATA[News - Esports Entertainment Group adds Malta gaming specialist Alan Alden to its board ]]> https://www.proactiveinvestors.com/companies/news/211984/esports-entertainment-group-adds-malta-gaming-specialist-alan-alden-to-its-board-211984.html Esports Entertainment Group Inc (OTCQB:GMBL) welcomed Alan Alden, general secretary of the Malta Remote Gaming Council, to its board of directors.

Alden served as senior manager of enterprise risk services at the Malta arm of Deloitte & Touche and has advised remote gaming companies in the country since 2000.

READ: Esports Entertainment Group expands into the Southeast Asia via team marketing deals

“Alan’s experience in finance, gambling and regulatory matters make him uniquely qualified as a board member for our company. We are excited to have him join our Board, as he will be a major asset in our future plans,” said Esports CEO Grant Johnson in the company’s press release.

The company operates Vie.gg, a betting exchange platform which allows fans to wager on a variety of esports games, including Call of Duty, Overwatch, League of Legends and PlayerUnknown's Battlegrounds.

Fans are able to bet against each other rather than betting against the house.

The company recently signed a marketing agreement with e-sports betting-comparison site SickOdds, which will showcase its exchange.

Shares of the Antigua-based company dipped about 7% to $0.61 in Friday morning trading.

 

--Contact Lenore Fedow at lenore@proactiveinvestors.com

--Follow her on Twitter: @LenoreMariee

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Fri, 04 Jan 2019 10:16:00 -0500 https://www.proactiveinvestors.com/companies/news/211984/esports-entertainment-group-adds-malta-gaming-specialist-alan-alden-to-its-board-211984.html
<![CDATA[Media files - Esports Entertainment Group signs more marketing deals, forges relationship with SickOdds.com ]]> https://www.proactiveinvestors.com/companies/stocktube/11668/esports-entertainment-group-signs-more-marketing-deals-forges-relationship-with-sickoddscom-11668.html Wed, 19 Dec 2018 14:47:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11668/esports-entertainment-group-signs-more-marketing-deals-forges-relationship-with-sickoddscom-11668.html <![CDATA[News - Esports Entertainment Group expands into the Southeast Asia via team marketing deals ]]> https://www.proactiveinvestors.com/companies/news/211070/esports-entertainment-group-expands-into-the-southeast-asia-via-team-marketing-deals-211070.html Esports Entertainment Group Inc (OTCQB:GMBL) announced affiliate marketing agreements with 14 e-sports companies, bringing its total to 190 teams as it looks to bolster the launch of its betting exchange vie.gg.

The new additions have expanded the company’s reach into the Southeast Asian market, welcoming a total of 11 Asian e-sports team partners, including eight from Nepal, two from Vietnam and one from Bangladesh.

“I want to welcome all of our new esports team partners and especially those from Asia," said CEO Grant Johnson in a press release. "The region has a huge esports fan base and we look forward to working closely with these teams as they engage with their fans at home and around the globe.”

READ: Esports Entertainment Group forges alliance with SickOdds.com

Esports Entertainment operates a betting exchange platform, which allows fans to wager on a variety of esports games, including Call of Duty, Overwatch, League of Legends and PlayerUnknown's Battlegrounds.

Fans are able to bet against each other rather than betting against the house.

In the pool

Esports also announced the addition of pool betting to its platform, giving groups of opposing fans the opportunity to bet against each other.

The company recently signed a marketing agreement with e-sports betting-comparison site SickOdds, which will showcase its exchange.

Shares jumped nearly 4% to $0.82 Tuesday.

 

Contact Lenore Fedow at lenore@proactiveinvestors.com

Follow her on Twitter: @LenoreMariee

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Wed, 12 Dec 2018 09:28:00 -0500 https://www.proactiveinvestors.com/companies/news/211070/esports-entertainment-group-expands-into-the-southeast-asia-via-team-marketing-deals-211070.html
<![CDATA[News - Esports Entertainment Group forges alliance with SickOdds.com ]]> https://www.proactiveinvestors.com/companies/news/210976/esports-entertainment-group-forges-alliance-with-sickoddscom-210976.html Online gambling group Esports Entertainment Group Inc (OTCQB:GMBL) announced Tuesday that it has signed a marketing agreement with SickOdds.com, the fast-growing e-sports betting-comparison website.

Under the deal’s terms, Vie.gg, the esports betting exchange, which is run by Esports, will be showcased as the only bet exchange on www.SickOdds.com.

SickOdds.com is one of the most popular e-sports betting-comparison sites. The site covers dozens of esports titles in depth and also offers reviews of esports betting providers.

READ: Esports Entertainment signs affiliate marketing agreement with Global Speedrun Association

Short for electronic sports, e-sports refers to video games that are played by individuals or a team of players against other players. Esports Entertainment offers the chance to take bets on those games.

Grant Johnson, CEO of Esports Entertainment Group, is bullish on the new tie-up.

“This partnership with Sick Odds is another significant milestone for Esports Entertainment Group in terms of both business development and third-party validation of our place within the esports industry,” Johnson said in a statement. “We look forward to a long and prosperous relationship with them for many years to come.”

Tom Wade, co-founder of SickOdds.com, added: “We’re excited to collaborate with Esports Entertainment Group’s innovative betting exchange VIE.gg. Their range of esports titles and Tier 1&2 match coverage, along with its unique coverage of pool betting, makes Vie.gg a very exciting prospect in the esports betting scene.”

Esports Entertainment offers bet exchange style wagering and pool betting on esports events via Vie.gg, its licensed and regulated platform. The company features wagering on an array of esports games including Counter-Strike: Global Offensive, League of Legends, Dota 2, Call of Duty, Overwatch, Hearthstone and StarCraft II.

Esports Entertainment shares closed at $0.79 on Monday.

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Tue, 11 Dec 2018 08:35:00 -0500 https://www.proactiveinvestors.com/companies/news/210976/esports-entertainment-group-forges-alliance-with-sickoddscom-210976.html
<![CDATA[Media files - Esports Entertainment sees its second speedrunning deal cross the finish line ]]> https://www.proactiveinvestors.com/companies/stocktube/11411/esports-entertainment-sees-its-second-speedrunning-deal-cross-the-finish-line-11411.html Mon, 03 Dec 2018 15:55:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11411/esports-entertainment-sees-its-second-speedrunning-deal-cross-the-finish-line-11411.html <![CDATA[News - Esports Entertainment signs affiliate marketing agreement with Global Speedrun Association ]]> https://www.proactiveinvestors.com/companies/news/210411/esports-entertainment-signs-affiliate-marketing-agreement-with-global-speedrun-association-210411.html Online gambling company Esports Entertainment Group Inc (OTCQ:GMBL) said Monday that it signed an affiliate marketing agreement with the Global Speedrun Association (GSA), which hosts races on a variety of speedrun games, including Super Mario 64 and Super Mario Odyssey across three Twitch channels.

Speedrunning is the art of attempting to play a video game from start to finish as quickly as possible.

As the first platform to offer betting on speedrunning, this new tie-up with the Global Speedrun Association represents a key advance for VIE.GG, the esports betting exchange, which is run by Esports.

Esports shares jumped 5.6% to hit $0.95 Monday in morning trade.

READ: Esports Entertainment to introduce wagering for speedrunning

The Global Speedrun Association has generated impressive traffic with 860,000 views from three of its Twitch.tv channels over the last 30 days. More significantly, the partnership with VIE.gg will boost growth.

“Groups like the Global Speedrun Association help raise the standard of production quality and push speedrunning forward. We love speedrunners and we love what GSA is doing,” said Brian Cordry, head of e-sports at the Esports Entertainment Group.

“I expect speedrunning to grow exponentially and that is why it is so important for Esports Entertainment Group to partner with the likes of GSA for the long term. Together, we will help push speedrunning to the heights that esports is currently achieving.”

Speedrunning builds momentum

Right now, the most popular form of Player versus Environment (PvE) competitions is speedrunning. The idea behind speedrunning is simple: take a game and beat it as fast as possible.

Over the years, the speedrunning community has steadily grown, with thousands of players playing games and competing to rise through the rankings. With the growing popularity of speedrunning, single events having raised over $2million for charity in 2018.

“GSA is the premier organized speedrunning league and our goal is to increase the consistent quality of our broadcasts and competitions by working with VIE in 2018 and beyond,” said Steven Adams, CEO at Global Speedrun Association.

Adams said working together would push speedrunning to “new heights” and help grow the budding sector of the video game industry.

“The key differences this relationship will make are being able to fund larger prize pools for our leagues and tournaments to catalyze higher levels of competition, as well as, attracting and compensating key people that make our broadcasts so entertaining, such as great commentators, video editors and other GSA staff who will be able to increase the output and quality of their productions,” said Adams.

Esports Entertainment Group Inc is a licensed online gambling company with a focus on esports wagering and gaming for adults. Esports Entertainment offers bet exchange style wagering and pool betting on esports events via VIE.GG, its licensed and regulated platform.

 

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

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Mon, 03 Dec 2018 09:56:00 -0500 https://www.proactiveinvestors.com/companies/news/210411/esports-entertainment-signs-affiliate-marketing-agreement-with-global-speedrun-association-210411.html
<![CDATA[News - Esports Entertainment to introduce wagering for speedrunning ]]> https://www.proactiveinvestors.com/companies/news/210236/esports-entertainment-to-introduce-wagering-for-speedrunning-210236.html Esports Entertainment Group Inc (OTCQB:GMBL) will be the first online gambling company to introduce wagering for speedrunning on its platform after reaching a marketing agreement with SpeedGaming, the largest competitive speedrunning network.

Speedrunning is the art of attempting to play a video game from start to finish as quickly as possible.

READ: Esports Entertainment believes gaming is turning lucrative and coming into its own

As the first platform to offer betting on speedrunning, this new tie-up with SpeedGaming represents a key advance for VIE.GG, the esports betting exchange, which is run by Esports.

SpeedGaming hosts speedrunning races, which typically involve two to four players playing a video game with the intention of completing it as fast as possible.

With the new deal, Esports will sponsor two of the company’s tournaments and allow for bets to be taken on several more via VIE.GG.

“We are especially excited to build a long-term future with SpeedGaming and help push speedrunning to the heights that esports is currently achieving,” said Brian Cordry, head of Esports at Esports Entertainment Group, in a statement.

“VIE.GG is now positioned to become the person-to-person betting platform for speedrunning and expects to announce further agreements in this space,” he added.

SpeedGaming's founder Feasel was just as bullish on the tie-up.

"We have built the largest competitive speedrunning network, broadcasting over 50 tournaments per year on 9 channels," Feasel noted in a statement. "We are happy to be giving our users the ability to bet on their favourite players."

READ: Esports Entertainment Group taps new CFO

SpeedGaming generates significant traffic from its six channels on Twitch.tv in multiple languages. In a recent 30-day period, SpeedGaming generated about 30 million views and 850,000 hours of total watch time on the part of its participants.

Esports Entertainment Group Inc. is a licensed online gambling company with a focus on esports wagering and gaming for adults. Esports Entertainment offers bet exchange style wagering and pool betting on esports events via VIE.GG, its licensed and regulated platform.

Esports shares jumped 21.8% to hit $0.80 in Thursday's morning trading session.

 

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Thu, 29 Nov 2018 09:35:00 -0500 https://www.proactiveinvestors.com/companies/news/210236/esports-entertainment-to-introduce-wagering-for-speedrunning-210236.html
<![CDATA[News - Esports Entertainment Group taps new CFO ]]> https://www.proactiveinvestors.com/companies/news/210043/esports-entertainment-group-taps-new-cfo-210043.html The online gambling company Esports Entertainment Group Inc (OTCQB:GMBL) is bolstering its senior management team with the appointment of Christopher Malone as its chief financial officer.

Malone is the founding director of PrOasis, a consulting firm, which focuses on offering advice on executive management, corporate finance, strategic planning and governance to small and medium-sized enterprises in Canada.

“We are very pleased with the addition of Chris to our senior management team,” said Grant Johnson, CEO of Esports Entertainment Group, in a statement. “His experience at the highest levels of finance and information technology organizations, with stringent reporting requirements to regulators on both sides of the border, will be invaluable now that our company has secured financing and embarks on aggressive growth plans within the global esports industry.”

READ: Esports Entertainment rolls out pooled betting for video gaming

Malone has extensive listing, regulatory reporting and governance experience with private businesses and public companies in both Canada and the US. He is a certified public accountant and graduated from the University of Western Ontario with a degree in Commerce and Economics.

Malone also holds the positions of chief financial officer and director for an undisclosed OSC-registered fund manager in Canada, as well as an IIROC-registered broker dealer member.

This week, Esports announced it closed a private placement in October for $2.2 million, before deducting agents’ fees and expenses. The company issued senior secured convertible promissory notes bearing interest at 5% per annum. The notes, with a principal value of $2.2 million, were purchased at a 10% discount for $2 million and mature 12 months from the closing date.

READ: Esports Entertainment closes $2 million private placement

The financing will allow Esports to accelerate its growth plans in the coming months, according to CEO Grant Johnson.

"This is a major milestone for our company. After announcing our engagement of Joseph Gunnar & CO and Dinosaur Financial Group as our exclusive investment bankers in July, we now have our first successful financing and I want to thank them for this great vote of confidence,” said Johnson in a statement.

Esports Entertainment Group Inc. is a licensed online gambling company with a focus on esports wagering and gaming for adults. Esports Entertainment offers bet exchange style wagering and pool betting on esports events via a licensed, regulated and secure platform.

The company is seeking licenses in regions as far-flung as Malta and in Asia to meet growing demand for e-sports wagering.

Esports closed up slightly to hit $0.68 on Monday.

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Tue, 27 Nov 2018 08:44:00 -0500 https://www.proactiveinvestors.com/companies/news/210043/esports-entertainment-group-taps-new-cfo-210043.html
<![CDATA[Media files - Small-Cap Snapshot: Esports Entertainment closes $2.2M financing, wins applause from investors ]]> https://www.proactiveinvestors.com/companies/stocktube/11319/small-cap-snapshot-esports-entertainment-closes-22m-financing-wins-applause-from-investors-11319.html Mon, 26 Nov 2018 14:15:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11319/small-cap-snapshot-esports-entertainment-closes-22m-financing-wins-applause-from-investors-11319.html <![CDATA[News - Esports Entertainment closes $2 million private placement ]]> https://www.proactiveinvestors.com/companies/news/209950/esports-entertainment-closes-2-million-private-placement-209950.html Popular online gambling company Esports Entertainment Group Inc (OTCQ:GMBL) announced Monday that it had closed a private placement in October for $2.2 million, before deducting agents fees and expenses.

The company said it issued senior secured convertible promissory notes bearing interest at 5% per annum. The notes, with a principal value of $2.2 million were purchased at a 10% discount for $2 million and mature 12 months from the closing date.

"This is a major milestone for our company. After announcing our engagement of Joseph Gunnar & CO and Dinosaur Financial Group as our exclusive investment bankers in July, we now have our first successful financing and I want to thank them for this great vote of confidence,” said Esport Entertainment CEO Grant Johnson.

Noteholders would be entitled after the requisite 144-day holding period, to convert all or any amount of the principal face amount of the notes into common shares at a price of $0.60 per share. A 100% warrant coverage would be exercisable for a period of three years post issuance at an exercise price of $0.75 per share.

READ: Esports Entertainment rolls out pooled betting for video gaming

“This financing will allow us to accelerate our growth plans, which have already seen us sign affiliate agreements with 176 esports teams in the last several months and will see us embark on a campaign to further partner with influential esports groups," he added.

The Esports Entertainment Group is a licensed online gambling company with a specific focus on e-sports wagering and 18-years old plus gaming.

Shares of Esports climbed 1.5% to $0.69 in morning trade.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive

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Mon, 26 Nov 2018 09:58:00 -0500 https://www.proactiveinvestors.com/companies/news/209950/esports-entertainment-closes-2-million-private-placement-209950.html
<![CDATA[News - Esports Entertainment rolls out pooled betting for video gaming ]]> https://www.proactiveinvestors.com/companies/news/207312/esports-entertainment-rolls-out-pooled-betting-for-video-gaming-207312.html Popular online gambling company Esports Entertainment Group Inc (OTCQ:GMBL), is making great strides at advancing its business with today’s introduction of pooled betting on video game contests.

The addition of pooled gambling to Esports’ VIE.gg, the world’s first video gaming betting exchange, will distinguish Esports in the arena of competitive video gaming, which is drawing interest from the likes of billionaire investor Mark Cuban and Hollywood star Ashton Kutcher who have both backed rival e-sports betting platform Unikrn.

“We’ve just launched the pooled-betting option live for the public to see for the first time. It just came out this morning,” Esports CEO Grant Johnson told Proactive Investors in a phone interview.

In pooled betting, one side wins and the other loses and the winner receives a percentage of the pooled winnings. Esports is engaged in an initial launch with 10 smaller teams, which include Burning Foxes, Red Fear Wild and GeekCase eSports, who will compete against each other.

BIG PICTURE: Esports Entertainment believes gaming is turning lucrative and coming into its own

And Johnson points out that this is the first opportunity fans of those teams will have to place bets on their games. “Their fans have never been able to bet on those teams except for on our site,” Johnson said. “We’re allowing smaller pro team fans to bet on their teams for the first time.”

“We’re the only company that has a bet exchange and now we’re offering pooled betting as a line-extension product,” he added.

Johnson expects to eventually include Esports’ roster of 175 teams in its pooled-betting program, but is getting the initiative up and running by showcasing 10 teams to start. “We’re testing it out with 10 teams,” he explained. “We didn’t want to start with 175 teams because it’s difficult to control.”

ESport’s VIE.gg wagering portal is the world’s only e-sports-focused bet exchange platform and its parent company is currently on the acquisition trial. The Antigua-based company is seeking licenses in regions as far-flung as Malta and in Asia to meet growing demand for e-sports wagering as it becomes more popular in the coming years.

READ: Esports Entertainment Group reports on global expansion plans to get licensing in Malta and Asia

Intent on establishing its foothold in Europe, Esports has applied for an online gambling license in Malta and intends to set up an office and commence online gambling operations there within the next six months.

The company is also set to introduce skill-based video-game tournaments to be played on mobile devices within the next six months.

According to Johnson, Esports’ growth mirrors that of a technology company as the gambling group is trying to be first to market and ramp up its operations by signing as many partnerships as possible.

VIE.gg offers exchange-style wagering on e-sports events in a licensed, regulated and secured platform to the global e-sports audience, excluding jurisdictions that prohibit online gambling. VIE.gg features wagering on the following e-sports games: Counter Strike: Global Offensive (CSGO), League of Legends, Dota 2, Call of Duty, Overwatch, Hearthstone and StarCraft II.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Wed, 17 Oct 2018 14:06:00 -0400 https://www.proactiveinvestors.com/companies/news/207312/esports-entertainment-rolls-out-pooled-betting-for-video-gaming-207312.html
<![CDATA[News - Esports Entertainment Group reports on global expansion plans to get licensing in Malta and Asia ]]> https://www.proactiveinvestors.com/companies/news/207232/esports-entertainment-group-reports-on-global-expansion-plans-to-get-licensing-in-malta-and-asia-207232.html Esports Entertainment Group (OTCQB:GMBL) provided details of its global expansion plans for 2019, saying in a regulatory filing that it will be seeking licenses in regions as far-flung as Malta and in Asia as growing demand for e-sports wagering becomes more popular in coming years.

"We have applied for an online gambling license in Malta and we intend to establish our office and commence online gambling operations in that jurisdiction within the next six months so that we can service much of the European Union market," Esports said in a filing with the US Securities and Exchange Commission.

"We intend to apply for an online gambling license in an Asia jurisdiction and we intend to establish our office and commence online gambling operations in that jurisdiction within the next 18 months." 

BIG PICTURE: Esports Entertainment believes gaming is turning lucrative and coming into its own

Esports also said it intends to launch skill-based video game tournaments to be played on mobile devices within the next six months.

“We are working closely with our banking partners to ensure we have the necessary capital to launch new exciting products to the market, like our new pool betting product that launched today and our skill-based tournament play for cash prizes, which we will be launching next year," Esports CEO Grant Johnson said in an email. 

The licensed online gambling company's expenses for the expansion will be as follows: $500,000 for the video game tournaments to be played on mobile devices; $1 million for the skill-based video game tournaments to be played on PCs and video game consoles; $1 million to obtain the online gaming license from and to establish operations in Malta; $500,000 for the gaming license in Asia; and $5 million to market online betting services.

READ: Esports Entertainment's rolls out VIE.gg, world’s first pooled betting exchange for video gaming

Esports also said in the filing that for the year ended June 30, 2018, the company incurred total operating expenses and a resulting net loss of $2,005,715 and $2,028,662, respectively, compared with previous year, when total operating expenses and the resulting net loss reached $754,149 and $837,932, respectively.

Johnson told Proactive Investors previously that Esports is growing just like a technology company and is focused on being first to market, ramping up operations and signing as many partnerships as possible. Hard numbers that reflect how it has actually performed will become available 18 months to two years down the road, he explained.

"We just got all the pieces together. We want to make sure all the pieces are in place," he said. "I believe we will be one of the top 10 operators" as an online gambling exchange in the coming years.

--Updated with additional details--

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Tue, 16 Oct 2018 16:54:00 -0400 https://www.proactiveinvestors.com/companies/news/207232/esports-entertainment-group-reports-on-global-expansion-plans-to-get-licensing-in-malta-and-asia-207232.html
<![CDATA[News - Esports Entertainment Group signs 42 more e-sports teams from Central and South America ]]> https://www.proactiveinvestors.com/companies/news/205655/esports-entertainment-group-signs-42-more-e-sports-teams-from-central-and-south-america-205655.html Esports Entertainment Group Inc (OTCQB:GMBL) announced on Tuesday that 42 additional e-sports teams signed affiliate marketing agreements with the company as it ramps up the launch of VIE.gg, the world's first e-sports betting exchange.

The new signings "signifies a significant acceleration in adoption of the company’s P2P esports wagering platform by global esports teams," a company statement said. 

The addition of these 42 e-sports teams brings the total number of e-sports team affiliates to 176 since the company’s first announcement on April 5. Esports Entertainment anticipates more Affiliate Marketing Agreements with e-sports teams to be signed the rest of the year.

“The acceleration of our esports team affiliates is quantifiable and unequivocal validation that our VIE.gg P2P model is best suited for esports teams and their fans," said Esports CEO Grant Johnson.

READ: Esports Entertainment Group reaches major milestone, brings on 34 additional e-sports teams

The 42 e-sports teams are from Central and South America. The lineup includes 26 teams from Brazil, 6 from Peru, 2 each from Chile and Venezuela, and one team each from Bolivia, Mexico, Colombia, Guatemala, Paraguay, and the Dominican Republic.

Teams are pointing to the P2P model as highly desirable for their fans, compared to the traditional model pitting fans against the “bookie” where the odds are heavily stacked against fans.

VIE.gg offers exchange style wagering on e-sports events in a licensed, regulated and secured platform to the global e-sports audience, excluding jurisdictions that prohibit online gambling. VIEe.gg features wagering on the following e-sports games: Counter-Strike: Global Offensive (CSGO), League of Legends, Dota 2, Call of Duty, Overwatch, PUBG, Hearthstone and StarCraft II.

Shares of the company in the OTC market in New York settled on Monday at $0.70, down almost 4%.

Esports Entertainment Group is a licensed online gambling company with a specific focus on esports wagering and 18-years old plus gaming. The company's headquarters is based in St Mary's, Antigua.

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Tue, 25 Sep 2018 08:57:00 -0400 https://www.proactiveinvestors.com/companies/news/205655/esports-entertainment-group-signs-42-more-e-sports-teams-from-central-and-south-america-205655.html
<![CDATA[Media files - Esports Entertainment Group reaches major milestone, brings on 34 additional e-sports teams ]]> https://www.proactiveinvestors.com/companies/stocktube/10517/esports-entertainment-group-reaches-major-milestone-brings-on-34-additional-e-sports-teams-10517.html Tue, 18 Sep 2018 14:56:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/10517/esports-entertainment-group-reaches-major-milestone-brings-on-34-additional-e-sports-teams-10517.html <![CDATA[News - Esports Entertainment Group announces new partnership deals with teams from South and Central America ]]> https://www.proactiveinvestors.com/companies/news/205143/esports-entertainment-group-announces-new-partnership-deals-with-teams-from-south-and-central-america-205143.html Esports Entertainment Group, Inc. (OTCQB:GMBL) announced on Tuesday it has reached affiliate marketing agreements with 34 e-sport teams in South and Central America as part of the company's ramp-up in the launch of VIE.gg, the world's first e-sports betting exchange. 

The addition of the 34 e-sports teams brings the total number of team affiliates who have signed up with the company to 134, which represents a major milestone for Esports Entertainment Group. The company anticipates more affiliate marketing agreements with e-sports teams for the rest of 2018, a company statement said.

"We want to welcome all of our new e-sports team partners from South America. The region has a huge e-sports fan base and we look forward to working closely with these teams as they engage with their fans at home and around the globe,” said Esport Entertainment CEO Grant Johnson.

READ: Esports Entertainment believes gaming is turning lucrative and coming into its own

The addition of the 34 e-sports teams represents a significant geographical expansion and balancing of the company’s partners. The first 60 e-sports teams were heavily concentrated in Europe, while the last 74 e-sports teams have primarily come from South and Central America.  

The new partners are comprised of 16 teams from Brazil, five from Argentina, four from Peru, two teams each from Colombia, Chile and Ecuador, and one team each from Venezuela, Paraguay and Honduras.

VIE.gg offers exchange style wagering on e-sports events in a licensed, regulated and secured platform to the global e-sports audience, excluding jurisdictions that prohibit online gambling. 

The platform features the following e-sports games: Counter-Strike: Global Offensive (CSGO), League of Legends, Dota 2, Call of Duty, Overwatch, PUBG, Hearthstone and StarCraft II.

Esports Entertainment Group is a licensed online gambling company with a specific focus on e-sports wagering and 18-years old plus gaming.

Shares of Esports were unmoved in the pre-market from their close of US$0.61 per share on the OTC Monday.

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Tue, 18 Sep 2018 09:18:00 -0400 https://www.proactiveinvestors.com/companies/news/205143/esports-entertainment-group-announces-new-partnership-deals-with-teams-from-south-and-central-america-205143.html
<![CDATA[News - Esports Entertainment believes gaming is turning lucrative and coming into its own ]]> https://www.proactiveinvestors.com/companies/news/204365/esports-entertainment-believes-gaming-is-turning-lucrative-and-coming-into-its-own-204365.html Lurking in the shadows of a darkened room, the image of video gamers in the popular imagination is of geeks hunkering down to play for hours on end, ignoring calls from parents for lunch, dinner or parties. As technology got better, they would play with their friends online and video gaming evolved.

That picture is now changing rapidly and Esports Entertainment Group (OTCMKTS:GMBL), or EEG, hopes to rake it in on the estimated 350 million game enthusiasts worldwide. The numbers are exploding exponentially and EEG's president and chief executive, Grant Johnson, hopes this will allow his company to cash in.

"It's very global in its approach," Johnson said in an interview with Proactive Investors. "My belief is that the rate of adoption will happen more quickly."

As an experienced industry veteran, Johnson enjoys playing video games himself. He used to play as long as six hours in his earlier days but now keeps it down to two hours at a time. "I am not over the top," he said.

EEG is an internet gambling company for the new world of professional video games. Much like traditional sports gamblers betting on their favorite EPL team, EEG allows e-sports fans to bet against each other in support of their favorite e-sports team.  Sounds far-fetched? Wagering is already in the billions and is expected to surpass US$23bn by 2020. Johnson said the numbers favor the growth of EEG.

The average age of those who dive into e-sports are people in their twenties, and many are in their prime between the ages of 18 to 28. The professional e-sports player would go as long as eight hours playing in front of the screen.

"Our thesis is there is no reason to believe the e-sport enthusiast is no less passionate than your traditional sports fan," he explained. 

With many US universities having already set up e-sport teams and offering scholarships to their players and the Paris 2024  Olympics considering e-sports as a full medal event, Johnson believes the future of e-sports is
sound. This is further supported by the fact 100 e-sports teams around the world have already become affiliate partners of the company for the purpose of generating income from their fans' wagering. No e-sports team has ever signed with any wagering site in history.
 
In an era driven by technology stocks ranging from giant retailer Amazon.com Inc (NASDAQ:AMZN) to iPhone maker Apple Inc (NASDAQ:AAPL), EEG is targeting video game enthusiasts to drive the company's growth and traditional investors to profit from it. 

Potential headwinds

Johnson is not sanguine about making the company a runaway success, there are headwinds.

Among them, he pointed to banking and government regulatory interference, which were significantly diminished earlier this year when the US Supreme Court eliminated a 1992 federal law on sports betting. Though many states plan to take advantage to set up their own sports books, the only places where sporting books have been legal all these years is Las Vegas, Nevada, and Atlantic City, New Jersey.

Connecticut, Mississippi, New York, Pennsylvania and West Virginia have passed laws allowing sports betting and about a dozen other states may soon join them. Despite the fact EEG will seek out opportunities from this, the company's business model never contemplated any revenue from the United States at this time and is continuing its focus on the enormous global online audience of e-sports fans and people already placing bets and growing very rapidly.

Another factor the EEG chief executive is looking at would be "the big gambling houses trying to move in" on e-sports betting. However, he points to the fact that traditional online casinos have failed to penetrate the e-sports world due to a clash of cultures in which e-sports enthusiasts look at such providers as outsiders simply looking to take their money. This is further exacerbated by the fact they use a "house" model in which players
play against the casinos, which can put the odds in their favor.

EEG, on the other hand, uses a Player-to-Player model (P2P) in which e-sports fans wager against each other. EEG simply takes a percentage of the wager but otherwise has no interest in the outcomes. E-sports enthusiasts overwhelmingly approve of this model.

EEG's 10Q quarterly statements filed with US regulators showed total operating expenses of US$2.06mln in the first nine months ending on March 31, 2018. Those expenses are sharply up from US$484,726 over the same period a year ago. 

Johnson said they are growing just like a technology company that is focused on being first to market, ramping up operations and signing as many partnerships as possible. Hard numbers that will accurately reflect how they actually performed will only become available in 18 months to two years down the road.

"We just got all the pieces together. We want to make sure all the pieces are in place," he said. "I believe we will be one of the top 10 operators" as an online gambling exchange in the coming years.  

Focusing on Europe

Johnson told Proactive Investors their focus for the moment is on the European markets along with the Asian market as well. With that in mind, the company staged exhibits at Gamescom 2018 in Cologne, Germany, from August 21 to 25 and just announced the signing of an additional 193 affiliates, a 220% increase over the same conference in 2017.

On its website, EEG said it is governed by the US Securities and Exchange Commission, as well as gambling commissions and regulators in multiple jurisdictions. It is also planning to uplist in the coming months.  Esports Entertainment Group is the next generation online gambling company designed for the purpose of facilitating as much of this wagering as possible. It is licensed and regulated to legally conduct e-sports wagering.

"The e-sports betting community will be on par with the other sports," he said. Johnson compared establishing a betting exchange with "building a stock exchange." 

"We know there's demand," he said of betting on e-sports. "Now it comes down to execution. With 100 e-sports teams and 250-plus e-sports influencers as our partners already, we're well on our way to becoming a dominant player in this space."

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Thu, 06 Sep 2018 11:41:00 -0400 https://www.proactiveinvestors.com/companies/news/204365/esports-entertainment-believes-gaming-is-turning-lucrative-and-coming-into-its-own-204365.html
<![CDATA[News - Esports reports sterling results at Gamescon 2018 in Germany ]]> https://www.proactiveinvestors.com/companies/news/204357/esports-reports-sterling-results-at-gamescon-2018-in-germany-204357.html Esports Entertainment Group (OTCMKTS:GMBL) said Thursday that it has signed 193 affiliates at Gamescon 2018 in Germany, the world's largest event for computer and video games, surpassing its performance at the event last year.

In a statement, Esports said the result represents more than triples the results from 2017 and signifies industry acceptance as the company "ramps up affiliate marketing activities in support of Vie.gg, the world’s first and most transparent esports betting exchange."

Esports is now in discussions with several other esports participants and believes further developments will be announced in the coming weeks.

READ: Esports looks for success at Gamescon 2018 in Germany

“A month prior to the show, we announced the major milestone of signing our 100th esports team Affiliate, a feat not matched by any esports wagering site," said Grant Johnson, chief executive of Esports Entertainment Group.

"We’re announcing an additional 193 Affiliates from Gamescom 2018, which far surpassed our expectations. The overwhelming response from the esports industry has served as further confirmation that our transparent P2P esports wagering platform is exactly what the esports world has been waiting for," he added. 

"We are now affiliate partners with Vie.gg for the duration of one year, since Gamescom 2017, and we have seen the company continue to grow and evolve through the year," said Christian Heinrichs, owner of myRevenge and the first affiliate of Vie.gg. "I think that soon, Vie.gg will be the biggest betting platform in the esports business."

Shares of Esports in the over-the-counter market in New York were up 12.7% to US$0.649 late Wednesday but remain flat in morning trade Thursday.

Esports Entertainment Group is a licensed online gambling company with a specific focus on esports wagering and 18-years old plus gaming. The VIE Affiliates represent professional players, streamers and influencers that collectively reach the large audience of esports participants around the world.

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Thu, 06 Sep 2018 09:51:00 -0400 https://www.proactiveinvestors.com/companies/news/204357/esports-reports-sterling-results-at-gamescon-2018-in-germany-204357.html
<![CDATA[News - Esports looks for success at gamescon 2018 in Germany ]]> https://www.proactiveinvestors.com/companies/news/203153/esports-looks-for-success-at-gamescon-2018-in-germany-203153.html Esports Entertainment Group (OTCMKTS:GMBL) said on Friday it will be exhibiting at gamescom in Cologne, Germany, from August 21 to 25 and hoping to expand the number of partnerships and top its performance from last year.

The company said in a statement that its attendance at last year's gamecon surpassed its expectations with the signing of over 60 affiliate esports streamers which represent an audience of esports viewers. Those viewers had over 250mln online video views in the preceding 30 days. Gamescon 2017 was "the genesis of many of the company's current key partnerships," it said.

"The Company expects an even greater result at gamescom 2018 given the successful launch of VIE.gg, the world’s most transparent and regulated esports betting platform, which has already translated into affiliate marketing agreement with 100 esports teams from around the world," Esports said in a statement.

The launch of VIE.gg allowed the appointment of board members and advisors that span the International Esports Federation, DRAFT and DreamHack.  

READ: Thousands of worldwide gamers flock to Vancouver for massive eSports tournament

Gamescom 2018 is the biggest consumer gaming conference in the world, with approximately 400,000 visitors and 5,500 journalists from 55 countries attending this year. Esports is exhibiting in a premium booth that will host premium events and prizes.

That will include gaming equipment makers Black Pulse Gaming Gear, Tt eSPORTS and GIGA- BYTE Technology. They  will be giving away thousands of dollars in gear and equipment to fans that compete in the VIE.gg booth, where professional teams will also be competing against each other.

Jenna Lynn Meowri, a cosplay personality with a global social media following of around 1mln fans, will be attending her first gamescom. Meowri will be premiering two brand new costumes never seen before and has invited her fans to join her in the company’s booth.

Energy drink producers GoFast! Energy Deutschland  and cool-splash will be providing fans and visitors to the VIE.gg booth with the energy they need to maximize their in-booth fun by giving away thousands of energy drinks.

"We are expecting a lot of professional esports players and teams to visit our booth and confident this will translate into further expansion of our VIE.GG Affiliates," said Esports chief executive Grant Johnson.

Esports is based in St Mary's, Antigua. It is a licensed online gambling company with a specific focus on esports wagering and 18-years old and over gaming.


 

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Fri, 17 Aug 2018 08:47:00 -0400 https://www.proactiveinvestors.com/companies/news/203153/esports-looks-for-success-at-gamescon-2018-in-germany-203153.html
<![CDATA[Media files - Esports Entertainment heads to Gamescom next week ]]> https://www.proactiveinvestors.com/companies/stocktube/10138/esports-entertainment-heads-to-gamescom-next-week-10138.html Wed, 15 Aug 2018 10:47:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/10138/esports-entertainment-heads-to-gamescom-next-week-10138.html <![CDATA[Media files - Esports Entertainment Group aims to further expand presence in online esports betting ]]> https://www.proactiveinvestors.com/companies/stocktube/9490/esports-entertainment-group-aims-to-further-expand-presence-in-online-esports-betting-9490.html Wed, 06 Jun 2018 18:40:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/9490/esports-entertainment-group-aims-to-further-expand-presence-in-online-esports-betting-9490.html