Esports Entertainment Group

Esports Entertainment Group, Inc. operates as an online gambling platform. It offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience. It operates through the following geographical segments: Antigua, Malta, Curacao and United States. The company was founded on July 22, 2008 and is headquartered in Malta, SU.

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Esports Entertainment Group, Inc. engages in the operation of iGaming, traditional sports betting, and esports businesses. It operates through the EEG iGaming and EEG Games segments. The EEG iGaming segment includes the iGaming casino and sportsbook product offerings. The EEG Games segment focuses on their infrastructure software called GGC and the creation of esports content for distribution to the betting industry. The company was founded on July 22, 2008 and is headquartered in Malta, SU.

St. Julian's, Malta--(Newsfile Corp. - July 9, 2024) - Esports Entertainment Group, Inc. (OTCQB: GMBL) (OTCQB: GMBLP) (OTC Pink: GMBLW) (OTC Pink: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced that it filed a Form 15 with the Securities and Exchange Commission (the "SEC") to deregister its common stock, common purchase warrants and 10% Series A Cumulative Redeemable Convertible Preferred Stock under Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and to suspend its reporting obligations under Section 15(d) of the Exchange Act. The Company's obligation to file periodic reports with the SEC, including reports on Forms 10-K, 10-Q and 8-K, will be suspended immediately upon filing of the Form 15.

Esports Entertainment Group Files Form 15 to Voluntarily Deregister and Suspend its SEC Reporting Obligations

St. Julian's, Malta, March 28, 2024 (GLOBE NEWSWIRE) -- Esports Entertainment Group, Inc. (OTCQB: GMBL) (OTCQB: GMBLP) (“Esports Entertainment Group”, “EEG”, or the “Company”), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced its common stock, trading under the symbol GMBL, par value $0.001, and 10% Series A Cumulative Redeemable Convertible Preferred Stock, trading under the symbol GMBLP, have been approved for upgraded quotation on the OTCQB Venture Market, effective as of March 28, 2024.

Esports Entertainment Group Announces Upgrade to the OTCQB

Secures Non-Convertible Secured Note of $1.42 Million and a Restructuring of the Existing Preferred Stock Secures Non-Convertible Secured Note of $1.42 Million and a Restructuring of the Existing Preferred Stock

Esports Entertainment Group Announces Secured Note and Amendments to its Convertible Preferred Stock

St. Julian's, Malta, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (“Esports Entertainment”, “EEG”, or the “Company”), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced an update to its voluntary delisting from the Nasdaq Stock Market LLC (“Nasdaq”). On the opening of trading on February 21, 2024, the Company's Common Stock, par value $0.01 per share, 10.0% Series A Cumulative Redeemable Convertible Preferred Stock and Common Stock Warrants (the “Securities”) will be suspended on Nasdaq and will be quoted on the OTC Pink Market of the OTCMarkets initially, while seeking to subsequently have its Securities quoted on the OTCQB® Venture Market of the OTCMarkets.

Esports Entertainment Group Announces Update to Voluntary Delisting from the Nasdaq

Esports Entertainment (NASDAQ: GMBL ) stock is a hot topic among traders on Wednesday after the company announced plans to voluntarily delist its shares from the Nasdaq Stock Market. Esports Entertainment said this action was approved by its Board of Directors in an effort to reduce the costs of maintaining a listing on the exchange.

GMBL Stock Alert: What to Know as Esports Entertainment Preps to Delist

Temporary Shift to OTC Markets Expected to Drive Additional Cost Savings St. Julian's, Malta--(Newsfile Corp. - February 13, 2024) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced that its Board of Directors, after thorough and careful consideration of all available information, has approved a voluntary delisting of the Company's Common Stock, par value $0.01, 10.0% Series A Cumulative Redeemable Convertible Preferred Stock and Common Warrants (the "Securities") from the Nasdaq Stock Market ("Nasdaq"), which is expected to reduce the Company's public costs as it advances its strategy to drive growth and profitability. As a result, the Company anticipates that it will file with the Securities and Exchange Commission a Form 25 relating to the delisting of its Securities and expects its Securities will be listed on the OTCQB® Venture Market of the OTC Markets, until such time it decides to reapply and is approved to relist on a senior U.S. Exchange.

Esports Entertainment Group Announces Voluntary Delisting from the Nasdaq and Transfer to the OTCQB Venture Market

St. Julian's, Malta--(Newsfile Corp. - December 20, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced that its Board of Directors has approved a 1-for-400 reverse stock split of the Company's common stock, par value $0.001 (the "Common Stock"). The reverse stock split will become effective at 4:01 PM ET on December 21, 2023.

Esports Entertainment Group Announces Reverse Stock Split

Julians, Malta--(Newsfile Corp. - December 8, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced that its Board of Directors has suspended payment of the monthly cash dividend on the Company's outstanding 10% Series A Cumulative Redeemable Convertible Preferred Stock (the "Series A Preferred Stock"), commencing with the monthly dividend that would otherwise be payable in December 2023. Alex Igelman, CEO of Esports Entertainment, stated, "We are temporarily suspending the dividend on our 10% Series A Cumulative Redeemable Convertible Preferred Stock, as we believe we can effectively reinvest the capital in the business in order to drive the greatest return on capital for shareholders.

Esports Entertainment Group Temporarily Suspends Series A Preferred Stock Dividend

Initiatives Expanding Esports and iGaming Offerings, Focusing on End-to-End Betting Solutions High Standards and Regulatory Compliance Remain at the Forefront; Ensuring Solutions Meet State-by-State Standards to Support Expected Rapid Expansion within Sizable U.S. Market Julians, Malta--(Newsfile Corp. - November 21, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today provided strategic, financial, and operational updates for the fiscal first quarter ended September 30, 2023. "In recent months, we have thoroughly reviewed our Company, focusing on the expected trends in esports and iGaming," said Alex Igelman, CEO of Esports Entertainment.

Esports Entertainment Group Provides Fiscal First Quarter Business Update

St. Julians, Malta--(Newsfile Corp. - November 3, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or "EEG") announced today that its Board of Directors has declared a monthly cash dividend for its 10.0% Series A Cumulative Redeemable Convertible Preferred Stock for Nov 2023. Dividend per share $0.08 Record date Nov. 15, 2023 Payment date Nov. 30, 2023   About Esports Entertainment Group Esports Entertainment Group is a leading, global MGA-licensed, "esports-first" iGaming B2C operator and a US-focused B2B aggregator and supplier of esports solutions and e-simulator content.

Esports Entertainment Group, Inc. Announces Preferred Stock Dividend

Expands Company's B2B Esports Betting Offerings; Provides Revenue-Sharing from Wagerable Content Distribution Esports Entertainment to Coordinate Comprehensive Third-Party Operations Integrity Audit to Support U.S. Market Expansion St. Julians, Malta--(Newsfile Corp. - October 31, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment" or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports solutions provider, today announced that it has signed a binding Letter of Intent to acquire a 30% minority interest, in furtherance of strategic collaboration and revenue sharing agreement with Drafted.gg, a leading wagerable esports content producer based in Czech Republic. Alex Igelman, CEO of Esports Entertainment, stated, "We are excited to obtain a minority interest and participate in a revenue-sharing agreement that Drafted.gg has in place, as a first step in a broader planned collaboration.

Esports Entertainment Group Announces Strategic Investment in Drafted.gg, a Leading Esports Event Organizer and Producer of Short-Cycle Wagerable Esports Content

Continues Strategic Restructuring to Optimize Operations; Reduces Total Liabilities by Over $51 Million Since Beginning of Calendar 2023 Cuts Non-Profitable Operations and Contracts; Projects Over $4 Million in Annual Savings Broadens Offerings with Key Partnerships in iGaming and Esports Wagering St. Julians, Malta--(Newsfile Corp. - October 16, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment" or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports solutions provider, today provided strategic, financial, and operational updates for the fiscal year end June 30, 2023. "Over recent months, the Company has undertaken a comprehensive examination of our organization, focusing on the anticipated trajectory of the esports and iGaming sectors," commented Alex Igelman, CEO of Esports Entertainment.

Esports Entertainment Group Provides Fiscal Year-End 2023 Business Update

Addition of iFrame esports betting to round out EEG's end-to-end B2C esports betting and iGaming offerings Product offering lineup slated to include betting markets for all major esports events as well as markets on short-cycle wagerable events, with more to follow St. Julians, Malta--(Newsfile Corp. - October 5, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (the "Company" or "EEG") today announced a partnership with Oddin.gg, an industry-leading, esports betting solution provider, whereby the Company will integrate Oddin.gg's iFrame solution to supply betting lines for its bettors. The launch, subject to the final approval of the Malta Gaming Authority, is targeted for Q1 2024.

Esports Entertainment Group, Inc. Announces Partnership with Leading Esports Odds Provider, Oddin.gg, to Integrate its Award Winning Esports Betting Solution into the Company's iGaming Platform, Idefix

St. Julians, Malta--(Newsfile Corp. - October 3, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (the "Company" or "EEG") today announced its latest strategic expansion within the online gaming industry. The Company is integrating a sportsbook supplied by Delasport to its customers on Vie.bet.

Esports Entertainment Group, Inc. Announces New Online Gaming Expansion with Delasport Integration for Sports Betting

Dedicated to pioneering research and co-developing cutting-edge technology tailored to the evolving needs of school esports programs Center will serve as a hub for competitive gaming communities, bringing together the brightest minds to develop bespoke software and hardware solutions that equip students and educators to thrive in the digital age St. Julians, Malta--(Newsfile Corp. - September 13, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (the "Company" or "EEG") today announced that its wholly owned subsidiary, ggCircuit, entered into a groundbreaking partnership with Ghost Gaming and Skillshot Media to establish a first-of-its-kind Scholastic Esports Innovation Center within the Ghost Gaming HQ lab, dedicated to pioneering research and co-developing cutting-edge technology tailored to the evolving needs of school esports programs. The Scholastic Esports Innovation Center aims to drive transformative change in the competitive gaming landscape by leveraging the synergies between ggCircuit's technological expertise and Todd Harris' deep-rooted commitment to fostering education and professional development through esports.

Esports Entertainment Group's Wholly Owned Subsidiary, ggCircuit, Forges Groundbreaking Partnership with Todd Harris' Ghost Gaming to Pioneer Scholastic Esports Innovation Center

St. Julians, Malta--(Newsfile Corp. - August 30, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or the "Company") today announced the promotion of Michael Villani to the position of Chief Financial Officer, effective August 29, 2023. Mr. Villani joined the Company in February 2021, as its Financial Controller, and on January 6, 2023, was appointed the Company's Interim Chief Financial Officer.

Esports Entertainment Group, Inc. Promotes Michael Villani to Chief Financial Officer

Esports Entertainment (NASDAQ: GMBL ) stock is rising higher on Thursday despite a lack of news from the online gaming and entertainment company. Esports Entertainment hasn't put out any new filings or press releases that would explain why its stock is up this morning.

Why Is Esports Entertainment (GMBL) Stock Up 27% Today?

St. Julians, Malta--(Newsfile Corp. - August 15, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or the "Company") today announced that it has entered into a securities purchase agreement with an institutional investor ("Investor") for the purchase and sale of 1,000,000 shares of the Company's common stock and pre-funded warrants to purchase 4,167,959 shares of common stock in a registered direct offering at an effective purchase price of $0.1935 per share or per pre-funded warrant. The offering is scheduled to close by August 16, 2023, subject to customary closing conditions.

Esports Entertainment Group Announces Registered Direct Offering and Settlement Agreement

Julians, Malta--(Newsfile Corp. - June 12, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment" or the "Company"), a leading, global iGaming Company and business-to-business (B2B) esports content and solutions provider, today announced the addition of Mr. Robert Soper to the Company's Board of Directors.

Esports Entertainment Group Announces Addition of Renowned Resort and Gaming Industry Executive Robert Soper to Board of Directors

Julians, Malta--(Newsfile Corp. - May 31, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment" or the "Company"), a leading, global iGaming Company and business-to-business (B2B) esports content and solutions provider, today announced the appointment of Damian Mathews as its new Chief Operating Officer. Mr. Mathews currently serves as a member of the Company's board of directors, a position he has held since June 2020.

Esports Entertainment Group Announces Appointment of Damian Mathews as Chief Operating Officer

Divests Non-Core Businesses in a Company Reset to Maximize Opportunities in the Esports and E-simulator Markets Initial Restructuring Costs Reflected in Fiscal Third-Quarter Results; Anticipates Ultimate Reduction of More than $4 Million in Annual Operating Expenses Reduces Nearly $43 Million of Liabilities Year-to-Date; Expected to Result in a Substantially Debt-Free Balance Sheet Not Yet Reflected in Financials Julians, Malta--(Newsfile Corp. - May 22, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment" or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today provided strategic, financial, and operational updates for the fiscal third quarter ended March 31, 2023. "Over the past several months, we've carried out an all-encompassing review of our organization, taking into account the projected direction of where we believe the esports and esports gambling industries are heading," stated Alex Igelman, CEO of Esports Entertainment.

Esports Entertainment Group Provides Fiscal Third Quarter Business Update

St. Julians, Malta--(Newsfile Corp. - May 1, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment" or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced that it has entered into a securities purchase agreement to complete a private placement of new unsecured, Series D Convertible Preferred Stock with an institutional investor (the "Investor"), which is expected to provide the Company with net proceeds of approximately $4.0 million after estimated offering expenses. The private placement may also provide the Company with an opportunity for additional funding whereby the Investor would receive a warrant to purchase shares of common stock and a warrant to purchase additional shares of Series D Convertible Preferred Stock.

Esports Entertainment Group Announces Agreement to Complete $4.3 Million Private Placement

Expects to report elimination of substantially all debt St. Julians, Malta--(Newsfile Corp. - April 20, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment" or the "Company"), a leading global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced it has entered into an agreement with Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B ("Alto"), the holder of the Senior Convertible Note to exchange the remaining balance of the Senior Convertible Note into new unsecured, Series C Convertible Preferred Stock immediately after its next capital raise. Once completed, this transaction, in combination with prior transactions effected earlier this year, will reduce nearly $42 million of the Company's liabilities, resulting in a substantially debt free balance sheet and material progress towards addressing the Company's remaining Nasdaq listing deficiencies.

Esports Entertainment Group Announces Agreement to Exchange $15 Million Senior Convertible Note to Unsecured Convertible Preferred Stock

Outlines Corporate Vision and Discusses Ongoing Restructuring  to Enhance Operational Efficiency Reports Annualized Cost Reductions Anticipated to Exceed $4.0 Million Reduces Debt and Other Liabilities by Over $27 million, Year-to-Date St. Julians, Malta--(Newsfile Corp. - April 17, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment" or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today provided the following letter to shareholders from the Company's CEO, Alex Igelman, including an update on its ongoing restructuring plan aimed at driving accelerated growth and increased operational efficiency: To my fellow shareholders, Since joining the Company approximately three months ago, I immediately undertook a top-to-bottom review of the entire organization based on where I believe the esports and esports gambling industries are heading, and then tied this into a cohesive vision for the Company. Esports Entertainment already owns several valuable assets that it had previously acquired and, going forward, these assets should serve as the foundation for the Company's new direction.

Esports Entertainment Group CEO Provides Letter to Shareholders

Esports Entertainment (NASDAQ: GMBL ) stock is a hot topic among traders on Wednesday as the company undergoes a reverse stock split. That reverse stock split goes into effect today with the company consolidating 100 shares of GMBL stock into a single share.

News for Esports Entertainment Group Stock (GMBL)