Esports Technologies (NASDAQ: EBET) has launched its esports wagering platform, Gogawi, in Thailand, expanding its reach in the growing Southeast Asian market. As the 19th-largest gaming market globally, Thailand's esports sector is projected to exceed US$450M in 2021, driven by a rising middle class and mobile gaming. Gogawi, which allows betting on top esports tournaments, is now active in over 140 jurisdictions. CEO Aaron Speach highlights the potential of the Thai market for esports wagering, citing enhanced platform capabilities and innovative payment solutions.
Esports Technologies (NASDAQ: EBET) has announced that its esports wagering platform, Gogawi.com, now accepts over 30 cryptocurrencies, including Bitcoin and Dogecoin. This enhanced service is made possible through a partnership with CoinDirect, expanding access for bettors across more than 140 jurisdictions globally. The esports betting market was valued at an estimated $17 billion in 2020, and the platform aims to provide an engaging user experience by integrating cryptocurrency with esports betting.
Esports Technologies (NASDAQ: EBET) has launched its consumer platform, Gogawi, in Japan, expanding its availability to over 140 jurisdictions. This platform aims to capitalize on Japan's growing esports market, projected to rise from 6.1 billion yen (US$56.8 million) in 2019 to 15.3 billion yen (US$140.6 million) in 2023. CEO Aaron Speach expects Gogawi to attract the next generation of bettors with enhanced payment options and innovative wagering products. The platform underwent a relaunch in March 2021, integrating partnerships with Apcopay and Astropay for improved transaction efficiency.
Esports Technologies, Inc. began trading on the Nasdaq Capital Market under the ticker symbol EBET on April 16, 2021, with shares opening at $21.00 and closing at $36.42. The company raised $14.4 million through its initial public offering (IPO) of 2,400,000 common shares, priced at $6.00 each. The offering was managed by Boustead Securities, LLC, with legal counsel from Schiff Hardin LLP and Michelman & Robinson LLP. The proceeds from the IPO will support the company's esports betting platforms.
Esports Technologies, Inc. (Nasdaq: EBET) has announced the pricing of its initial public offering (IPO), offering 2,400,000 shares at $6.00 each, totaling gross proceeds of $14,400,000. The IPO is set to begin trading on the Nasdaq Capital Market on April 15, 2021, with a closing date expected on April 19, 2021. Boustead Securities, LLC is the sole underwriter for the offering. The registration statement was effective as of April 14, 2021. Esports Technologies focuses on esports wagering through its platform, catering primarily to bettors in Asia and Latin America.