Tag Archives: Alex Igelman

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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. …