Esports

Sports Information Services (SIS) has reorganised its senior management team, as part of its ongoing diversification and international growth strategy.   The supplier of 24/7 live betting services has confirmed the promotion of Head of Trading, Adam Conway, to the newly formed role of Head of Competitive Gaming. A 20-year trading specialist, Conway will be charged with overseeing the full operation …

Esports Entertainment Group (EEG) has announced that it will revise its operating portfolio in order to improve its current liquidity position.  Publishing its Q3 2022 financial results, the Nasdaq-listed operator outlined that despite recording a two-fold increase in corporate revenues to $15.7m (Q3_2021: $5.3m), it faced a series of ‘near term challenges’ impacting its bottom-line performance. “Our fiscal third quarter …

EPIC Risk Management has cited an ‘apparent’ convergence between video games and gambling in the form of loot boxes, calling for greater restrictions on the controversial assets.  The gambling harm prevention consultancy organisation has argued in favour of a ban on sales of the products to under-18s as well as improved education for parents and guardians.  Prohibition of loot box …

Low6 has updated its UltimateFan fantasy sports product to include NFTs, seeking to offer a ‘new frontier’ of possibilities for sports, betting and affiliate firms.  The NFTs will be incorporated into the mobile-based UltimateFan offering as the ‘UF Coach’ feature, with the goal of combining NFTs and fantasy sports using in-game and out-of-game structures.  Birmingham-based Low6 intends to use this …

Bayes Esports has closed its latest financing round of €6m, a cash injection that CEO Martin Dachselt believes will deliver sustainable growth for the company and help “professionalise the esports industry”. Last year, the Berlin-based esports company raised more than €10m, and this figure is expected to double over the course of the next 12 months. Among the main investors …

Esports betting operator EBET has reported a quarter-on-quarter revenue increase of 166%, shortly after rebranding from its former identity as Esports Technologies.  As of 31 March 2022, EBET’s Q1 revenue stood at $19 million, with a gross profit of around $7 million and a cash position of $7.1 million – figures the firm attributed to acquisitions in the European sports …

Canadian sportsbook and esports betting provider Rivalry Corp has gained market access in Australia, securing a licence from the Northern Territory Racing Commission (NTRC). The development marks Rivalry’s second market entry, building on last month’s launch in the Ontario market, and the firm has detailed it has already accepted deposits and bets in Australia.  Under the conditions of the Racing …

NFTs are infiltrating numerous industries, with both major sports leagues and betting companies increasingly drawn towards the emerging digital assets, although this has not gone unnoticed by regulators. Shortly after assuming his position as Head of Sales at Sorare, the providers of an NFT-based digital fantasy football platform, Dan Sormaz discussed sports’ engagement with the blockchain with Insider Sport, whilst …

Italy’s Agency of Customs and Monopolies (ADM) has caused uproar in the esports community by shutting down three ‘digital entertainment venues’ located in the North of Italy.  The government agency that oversees gambling policies across Italy’s 20 regional provinces shut down the ‘three gaming halls’ that were deemed to have ‘lacked any form of authorisation, licence and concession’. The venues …