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Esports Entertainment Group Inc   (GMBL)
Other Ticker:  
 
    Sector  Services    Industry Movies and Entertainment
   Industry Movies and Entertainment
   Sector  Services
 
Price: $0.2200 $0.00 0.000%
Day's High: $0.22 Week Perf: -8.71 %
Day's Low: $ 0.22 30 Day Perf: -17.01 %
Volume (M): 0 52 Wk High: $ 4.15
Volume (M$): $ 0 52 Wk Avg: $0.66
Open: $0.22 52 Wk Low: $0.10



 Market Capitalization (Millions $) 0
 Shares Outstanding (Millions) 1
 Employees 71
 Revenues (TTM) (Millions $) -44
 Net Income (TTM) (Millions $) -171
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 0

Esports Entertainment Group Inc
Esports is a spectator sport in which amateur and professional teams compete in video games. Esports are organized multiplayer video games in which genres such as real-time strategy, combat, first-person shooter, and multiplayer online battle arena games are played. Most major professional esports events, as well as a wide range of amateur esports events, are streamed live on sites like twitch.tv and youtube.com.

We offer a best-in-class esports betting platform with complete casino and sportsbook capability in the EEG iGaming industry. Phoenix, our proprietary gambling software platform, is a modernized sportsbook that appeals to both millennial esports gamblers and conventional sports bettors. Phoenix is being built with the assets and resources of FLIP Sports Limited, a software development firm that we purchased in September 2020.
EEGs vision is to be a market leader in the enormous and quickly increasing esports real-money wagering market, allowing fans to gamble on professional esports events in a legal and safe environment. We will be authorized to take wagers from citizens of over 180 jurisdictions starting in February 2021, thanks to the rules of our Maltese Gaming Authority (MGA) license.
Our goal in the EEG Games vertical is to provide every player with esports enjoyment. We accomplish this by combining 1) in-person experiences (at Helix Centers), 2) online tournaments (using the recently purchased EGL tournament platform), and 3) player-vs-player wagering (through our soon-to-be-released LANDuel product). We have struck exclusive marketing agreements with major sports organizations throughout the NFL, NBA, NHL, and MLS to give visibility for our platforms. Our unique infrastructure software, ggCircuit, is the backbone of our EEG Games vertical. ggCircuit is the premier supplier of LAN center administration software, allowing us to manage mission-critical operations like game licensing and payments with ease.


   Company Address: Block 6 St. Julians 0
   Company Phone Number: 2713 1276   Stock Exchange / Ticker: GMBL


   

Stock Performances by Major Competitors

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Esports Entertainment Group Inc

Rising from the Ashes: Esports Entertainment Group Inc's Journey to Financial Redemption in 2024

The stock market has been full of surprises in recent times, with various companies experiencing both highs and lows. However, in the sea of uncertainty, there are a few shining stars, and Esports Entertainment Group Inc is certainly one of them. Despite facing challenges in the first quarter of 2022, the company has taken remarkable steps to ensure its future success.
Esports Entertainment Group recently announced the acquisition of a non-convertible secured note worth $1.42 million. This significant development not only demonstrates the company's commitment to its growth plans but also provides it with the financial stability necessary to navigate the ever-evolving esports industry. With this influx of capital, Esports Entertainment Group will be able to expand its operations and seize emerging opportunities, solidifying its position as a leading esports entertainment company.

Esports Entertainment Group Inc

Esports Entertainment Group Inc. Faces Financial Struggles, But Sees Light at the End of the Tunnel

Despite the recent challenges faced by Esports Entertainment Group Inc (GMBL), there is still hope for a brighter future ahead. The company's disappointing financial report for the fourth quarter of 2023 may have caused concern among investors, but the recent announcement of the secured note acquisition and preferred stock restructuring shows that the company is taking proactive steps to address its financial situation.
The decline in revenue and increase in net deficit per share may be discouraging, but it is important to consider the context in which these results occurred. The company's performance was in contrast to the rest of the Movies and Entertainment sector, which reported revenue gains during the same period. This suggests that the challenges faced by Esports Entertainment Group may be specific to the company itself, rather than indicative of a broader industry trend.

Announcement

Esports Entertainment Group Strengthens Financial Position with Note Secured and Preferred Stock Restructuring, Reports Revenue Growth Below Competitors

Published Wed, Mar 13 2024 9:00 PM UTC

Esports Entertainment Group Announces Secured Note and Restructuring of Preferred Stock, Reports Revenue Growth Below Competitors in Q1 2022Esports Entertainment Group Inc, a leading esports entertainment company, recently made significant announcements regarding its financial structure and revenue growth in the first quarter of 2022. The company revealed that it has secured...







Esports Entertainment Group Inc's Segments
UNITED STATES    41.96 % of total Revenue
Non-US    100 % of total Revenue
I Gaming Segment    58.04 % of total Revenue
EEG Games Segment    41.96 % of total Revenue





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