Tag Archives: Esports Entertainment Group

Esports Entertainment hires new CFO ahead of ‘pivotal’ year for sector

Esports Entertainment Group (EEG) has named Damian Mathews as its new Chief Financial Officer (CFO), ahead of what the appointee has described as a “pivotal and exciting” for the company. Mathews, an economics and politics graduate from the University of Bristol, is a member of Esports Entertainment’s Board of Directors and Chairman of its Audit Committee, replacing incumbent CFO Dan …

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EEG bullish of growth prospects as YTD losses swing to $35m 

Esports Entertainment Group Inc (EEG) has outlined significant progress on its commercial and tech objectives following the expansion of its global gaming portfolio.   Publishing its interim 2022 trading update (six month period ending 31 December) – the US Nasdaq online gambling and esports wagering group registered a 12x jump in revenues to $31 million (H12020: $2.6m). Period trading accounted for …

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Betby enhances legal oversight with Ilze Ramolina appointment

Ilze Ramolina has joined Betby as a Senior Lawyer, as the company seeks to bolster its legal capacity to better navigate the compliance, certification and licensing landscape. The sportsbook supplier has underscored a goal of rapidly expanding its legal team in line with continued growth of its international commercial operations, as it looks to establish a foothold in new jurisdictions. …

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Bethard integration helps EEG’s Q1 surpass the entirety of 2021 metrics

Esports Entertainment Group (EEG) asserts that it remains “ideally positioned in igaming and esports,” as the firm sees its first quarter revenue surge to “nearly match our performance for the entirety of FY21”. During the firm’s 2022 fiscal year first quarter ending September 30, 2021, which saw EEG complete the acquisition of Bethard, the B2C business of Gameday Group; revenue came in …

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EEG launches Fiksukasino to make Finnish debut

Esports focused betting operator Esports Entertainment Group (EEG) has announced plans to make its debut in the Finnish gaming market, launching its Fiksukasino pay and play casino brand. Nasdaq-listed EEG has detailed that its pay and concept will enable safe and reliable play without delay, putting the Fiksukasino brand ‘in pole position when it comes to traffic sources and scaling …

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EEG hails enlarged portfolio performance to lay Nasdaq foundations

Esports Entertainment Group (EEG) is confident of achieving its first-year trading objectives as a US Nasdaq enterprise. Publishing its Q3 trading update (period ending 31 March), EEG recorded corporate net revenues of $5.4 million – up 129% ($3m) on its Q2 2021 results of $2.4 million.  Revenue growth was primarily attributed to EGG’s enlarged igaming portfolio, which saw the company …

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Esports Entertainment bolsters tournament capacity by acquiring EGL

Newly Nasdaq-listed online gambling group Esports Entertainment Group has signed a ‘letter of intent’ (“LOI”) to acquire the competitive gaming live and digital events and tournaments organiser Esports Gaming League (EGL). This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. The UK-based esports company, founded in 2010, serves a rapidly expanding community …

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Argyll orders full compliance makeover with TruNarrative 

Argyll Entertainment has bolstered all of its core components related to customer onboarding, verification and affordability by partnering with compliance single-platform supplier TruNarrative. The compliance partnership has been formed as Argyll, the operating firm of online bookmakers SportNation and RedZone Sports, seeks to meet changing UKGC demands and provisions on player verification,  affordability assessments and monitoring of transactional engagements. Declared …

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Esports Entertainment Group finalises Argyll takeover

Esports Entertainment Group has finalised its acquisition of online sportsbook and casino operator Argyll Entertainment AG for an undisclosed sum. As part of the takeover, Esports Entertainment Group has purchased Argyll’s parent company LHE Enterprises in addition to its operating subsidiaries. “Acquisitions are an important component of our growth strategy and completing our first acquisition as a NASDAQ company is …

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Esports Entertainment appoints Jeff Cohen as IR lead 

The newly formed Esports Entertainment Group has strengthened its executive leadership ranks after confirming the appointment of Jeff Cohen as Vice President of Strategic Planning and Investor Relations. A seasoned Wall Street executive, Cohen is the former equity analyst lead for private investment fund Stephens Inc, covering esports, gaming and further entertainment sectors. Cohen has maintained further IR experience having …

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