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Esports Entertainment says ggCircuit’s Indiana Esports arena should be ready by December

Last updated: 10:10 05 Nov 2020 EST, First published: 10:20 05 Nov 2020 EST

Esports Entertainment Group, Inc. -
ggCircuit won the mid-six-figure contract in a competitive public bidding process that concluded in late September

Esports Entertainment Group, Inc (NASDAQ:GMBL) has announced that ggCircuit LLC, a company which it is set to acquire, is expected to complete the buildout of the Century Center Esports Arena in South Bend, Indiana by mid-December 2020.

On October 26, 2020, Esports Entertainment announced an agreement to acquire ggCircuit and Helix eSports LLC in a deal valued at approximately $43 million.

In a statement on Thursday, Esports Entertainment CEO Grant Johnson noted: "ggCircuit has built a great business that is a strong complement to our Three Pillar Strategy, We look forward to completing the acquisitions of ggCircuit, Helix, and other exciting, high-growth businesses in the coming months and quarters as we continue to execute on our vision of building the leading global brand in esports.”

READ: Esports Entertainment leads the next-generation of e-sports betting online

The Century Center Esports Arena, located in South Bend’s convention center, will serve as a destination for esports and gaming enthusiasts in the metro area. Located in the city’s convention center, visitors will be able to participate in live events and tournaments, as well as spectate.

The semi-permanent installation will create a unique environment for esports events as well as provide a location for attendees of other Century Center events to participate in gaming activities. ggCircuit won the mid-six-figure contract in a competitive public bidding process that concluded in late September.

Michael Winger, ggCircuit Director of Professional Services commented: “The Century Center project is just one example of the many exciting projects we have underway. The rapid growth in esports, and the synergies from our acquisition by Esports Entertainment Group, should allow us to significantly accelerate our revenue growth.”

ggCircuit is a B2B software company that provides cloud-based management for LAN centers, a tournament platform, and integrated wallet/point-of-sale solutions for enterprise customers, working with companies such as GameStop, Dell, Best Buy and Lenovo as well as universities such as Ohio State, Syracuse and North Carolina.

Esports Entertainment is a licensed online company with a specific focus on esports and gaming, offering fantasy and pools on various esports events in a licensed, regulated and secure platform at vie.gg. 

Contact Sean at sean@proactiveinvestors.com

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