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Esports Entertainment Group Inc - GMBL STOCK NEWS

Welcome to our dedicated news page for Esports Entertainment Group (Ticker: GMBL), a resource for investors and traders seeking the latest updates and insights on Esports Entertainment Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Esports Entertainment Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Esports Entertainment Group's position in the market.

Rhea-AI Summary
Esports Entertainment Group, Inc. (GMBL) announces a voluntary delisting from Nasdaq to OTC Markets to drive cost savings, improve growth, and profitability. The company plans to focus on strategic initiatives to enhance shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-22.27%
Tags
none
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Rhea-AI Summary
Esports Entertainment Group, Inc. (NASDAQ: GMBL) announced a 1-for-400 reverse stock split of the Company's common stock, effective December 21, 2023, aiming to regain compliance with Nasdaq listing requirements and reduce the number of outstanding shares from approximately 426 million to 1.065 million shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-44.12%
Tags
none
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Rhea-AI Summary
Esports Entertainment Group, Inc. (NASDAQ: GMBL) suspends payment of monthly cash dividend on its outstanding 10% Series A Cumulative Redeemable Convertible Preferred Stock to focus on reinvesting capital for long-term success, according to CEO Alex Igelman.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5%
Tags
dividends
Rhea-AI Summary
Esports Entertainment Group, Inc. (GMBL) provides strategic, financial, and operational updates for the fiscal first quarter ended September 30, 2023. The company aims to expand its esports and iGaming offerings, focusing on end-to-end betting solutions. Esports Entertainment emphasizes high standards and regulatory compliance to support expected rapid expansion within the sizable U.S. market. The CEO, Alex Igelman, highlights the company's restructuring efforts to reduce operating expenses by over $4 million yearly, aiming for substantial revenue growth and increased long-term shareholder value. The company also announced a strategic partnership with Delasport to integrate a sportsbook on Vie.bet, targeting new customers in key sports betting markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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Rhea-AI Summary
Esports Entertainment Group, Inc. (NASDAQ: GMBL) has declared a monthly cash dividend of $0.08 per share for its 10.0% Series A Cumulative Redeemable Convertible Preferred Stock. The record date is Nov. 15, 2023, and the payment date is Nov. 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
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Rhea-AI Summary
Esports Entertainment Group has signed a binding Letter of Intent to acquire a 30% minority interest in Drafted.gg, a leading wagerable esports content producer. The collaboration includes a revenue-sharing agreement and aims to embed wagerable content into Esports Entertainment's esports and iGaming offering. The company plans to acquire the remaining 70% of Drafted.gg in the future. Esports Entertainment also plans to conduct a comprehensive third-party operations integrity audit of Drafted.gg to support its expansion into the U.S. market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.33%
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none
Rhea-AI Summary
Esports Entertainment Group provides strategic, financial, and operational updates for fiscal year 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.49%
Tags
earnings
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Rhea-AI Summary
Esports Entertainment Group declares monthly cash dividend for its Series A Preferred Stock
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3%
Tags
dividends
-
Rhea-AI Summary
Esports Entertainment Group partners with Oddin.gg to integrate iFrame esports betting solution
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.91%
Tags
partnership
Rhea-AI Summary
Esports Entertainment Group (NASDAQ: GMBL) announces strategic expansion with Delasport integration, reinforcing commitment to responsible gaming. Addition of sports wagering poised to enhance sportsbook offering. Partnership with Delasport paves the way for future esports betting. EEG remains dedicated to immersive user experience and responsible gaming practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.15%
Tags
none
Esports Entertainment Group Inc

Nasdaq:GMBL

GMBL Rankings

GMBL Stock Data

1.16M
309.92k
0.01%
2.67%
22.82%
Pharmaceutical Preparation Manufacturing
Manufacturing
Link
Malta
Psaila St

About GMBL

esports entertainment group, inc. operates as an online gambling company in canada. the company offers esports entertainment, esports wagering, and igaming and traditional sports betting services, as well as professional and amateur esports events. it also operates vie.gg, an online esports wagering website. the company was formerly known as vgambling, inc. and changed its name to esports entertainment group, inc. in may 2017. esports entertainment group, inc. was incorporated in 2008 and is based in birkirkara, malta.