Tag Archives: Alex Igelman

EEG brings Drafted.gg into esports ecosystem via minority investment

EEG brings Drafted.gg into esports ecosystem via minority investment

Esports Entertainment Group (EEG) has undertaken its first investment since refocusing its commercial outlook and strategy to orient around B2B operations back in April. The company has signed a binding letter of intent with Drafted.gg to secure a 30% minority stake in the Czech Republic-based esports content producer. This will be followed up by a revenue share agreement and continuing …

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EEG confident of restructuring benefits in face of FY23 revenue drop

EEG confident of restructuring benefits in face of FY23 revenue drop

Esports Entertainment Group (EEG) is confident of its cost reduction abilities despite a sharp fall in revenue in the 2023 fiscal year, as it continues to navigate an extensive corporate restructuring. The company reported overall revenue of $23m between July 2022 and June 2023, a drop of 60% from $58.4m recorded the year prior. On the other hand, its net …

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Delasport to power up trio of Esports Entertainment Group brands

Delasport to power up trio of Esports Entertainment Group brands

Igaming software supplier Delasport has announced today that it will partner with Esports Entertainment Group (EEG). Under the terms of the collaboration, the firm will power up three of the gaming and online betting group’s brands with its plug and play sportsbook iframe. They comprise JustWow.com, CasinoJefe.com, and Vie.bet. In a statement confirming the deal, Delasport said it will “support …

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EEG promotes Villani to CFO for reogranisation 

SBC News EEG promotes Villani to CFO for reogranisation 

Esports Entertainment Group Inc (EEG) has confirmed the promotion of Michael Villani to Chief Financial Officer (CFO), effective from 29 August. Villani served as the interim CFO of EEG following the departure of Damian Mathews in January. Prior to this interim appointment, Villani had served as the financial controller for the Nasdaq-listed firm. EEG highlighted Villani’s credentials, noting his nine-year …

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Robert Soper to add ‘tremendous value’ to EEG during strategic turnaround

SBC News Robert Soper to add ‘tremendous value’ to EEG during strategic turnaround

Esports Entertainment Group (EEG) has announced the addition of Robert Soper to its Board of Directors. Labelled a ‘renowned resort and gaming industry executive’, Soper brings over two decades of experience in the resort and gaming industry, having overseen the development of numerous projects ‘from the ground-up’.  Alex Igelman, CEO of Esports Entertainment Group, stated: “I am honoured to welcome …

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Damian Mathews returns as COO of new look EEG

Damian Mathews returns as COO of new look EEG

Damian Mathews has taken on additional responsibilities on the Board of Esports Entertainment Group (EEG), reassuming his former position of Chief Operating Officer. New Zealand-based Matthews has been a member of the EEG Board in a part-time capacity since June 2020 and stepped up to full-time Chief Financial Officer duties in April 2022.  In June 2022 he became COO before …

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EEG securities purchase adds $4m to balance sheet

EEG brings Drafted.gg into esports ecosystem via minority investment

Esports Entertainment Group (EEG) has entered into a securities purchase agreement with an institutional investor, aiming to secure a private placement of unsecured series D convertible preferred stock. The strategic transaction is expected to raise $4m in net proceeds for the company after estimated offering expenses. In addition to the initial capital, the agreement provides EEG with an opportunity to …

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Grant Johnson sues EEG for terminating his CEO contract

Grant Johnson sues EEG

The former CEO of Esports Entertainment Group (EEG), Grant Johnson, has launched a lawsuit against the company with New York courts, claiming wrongful termination of his position. Filed in the New York District Court, the legal challenge claims over $1m in compensation and 200,000 shares in EEG stock due to the company terminating Johnson’s employment immediately and failing to provide …

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EEG refreshes leadership with Alex Igelman CEO appointment

EEG refreshes leadership with Alex Igelman CEO appointment

Alex Igelman has been confirmed as the new CEO of Esports Entertainment Group (EEG), ending a short recruitment search after the departure of Grant Johnson. He will assume leadership of the firm, headquartered in St. Julians, Malta but active throughout Europe and North America, alongside Chair Jan Jones Blackhurst, former Las Vegas Mayor and Executive Vice President of Caesars Entertainment. …

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Mr Green and SBTech among 15 new exhibitors for Betting on Sports

Exhibitors - #boscon2017

Mr Green and SBTech are among the 15 first-time exhibitors at the Betting on Sports 2017 Conference organised by SBC Events from 12-15 September. Having expanded the product display to cater for up to 50 exhibitors at #boscon2017, 65% of the 1,768 sqm exhibition space at Olympia Conference Centre has now been sold, but there are still opportunities available for operators, suppliers, …

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