Esports Entertainment Group Inc (NASDAQ:GMBL) (FRA:40Y1) said it has signed two marketing agreements that will expand the company’s VIE.bet esports betting brand into the fast-growing Latin America esports market.
The sponsorships deals with Infamous Gaming, Peru's largest esports organization, and Movistar Liga Pro Gaming league, one of the fastest-growing esports leagues in Latin America, will give Esports Entertainment a foothold in an esports market that is the third-largest globally and growing at a pace of more than 17% annually.
“Our Malta license enabled us to pursue these great opportunities, and we look forward to providing further updates on expansions of VIE.bet moving forward,” Esports Entertainment CEO Grant Johnson said in a statement.
“Latin America is a big esports betting market. We are excited to work with top partners like Infamous and Live Media Esports Entertainment to accelerate the rollout of our VIE.bet brand in the region," Johnson added.
Esports Entertainment’s Head of Esports Betting Bux Sayed also commented on the agreements, stating: “The exciting partnership between Infamous Gaming and our VIE.bet brand is a crucial first step in our expansion into Latin America.”
He continued: “Infamous is a well-known and popular Peruvian based esports team with rosters in titles such as Dota 2, CS:GO and Rainbow 6. Their Dota 2 team has participated in the biggest esports events on offer, including the coveted International twice. We are thrilled to partner with them as they seek to make it to the largest stage once again.”
Esports Entertainment Group is a licensed online gambling company focused on the growing world of professional video gaming - and the only esports company currently listed on NASDAQ.
Much like traditional sports gamblers betting on their favorite teams, Esports Entertainment’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.
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