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Esports Entertainment applies for Nasdaq listing

The online gaming and gambling platform's application is now subject to approval
Person playing e-sports
On May 1, the company filed a proposed offering of up to $11.5 million in shares with the SEC

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 [email protected]

Follow him on Twitter @andrew_kessel

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