Esports Entmt Group Inc Stock Price, News & Analysis

Esports Entertainment Group (NasdaqCM: GMBL, GMBLW) has finalized its acquisition of Helix eSports and ggCircuit for $43 million, split equally between cash and shares. The deal, expected to close in 2Q21, aims to enhance its offerings by integrating advanced esports entertainment centers and a robust software platform. Helix operates five esports locations and owns Genji Analytics, a data-driven analytics provider. ggCircuit connects over 1,000 gaming centers with its software solutions. This strategic acquisition is designed to elevate the company's position in the esports ecosystem.

Esports Entertainment Group (GMBL, GMBLW) announced the successful acquisition of Esports Gaming League (EGL). This strategic move enhances Esports Entertainment's operational capacity and supports its three-pillar strategy: esports entertainment, wagering, and iGaming. EGL, with over 350K registered gamers, provides live and online tournament services for renowned sports franchises. CEOs Grant Johnson and Glen Elliott emphasize the potential for revenue growth and expansion of client offerings post-acquisition.

Esports Entertainment Group (NasdaqCM: GMBL, GMBLW) announced that options trading on its common stock commenced on the Cboe Options Exchange. CEO Grant Johnson described this as a significant milestone, enabling the company to attract a broader investor base. The company has made key acquisitions since its Nasdaq debut in April 2020 and aims to expand its esports wagering platform. Esports Entertainment is a licensed online gambling operator focusing on esports and 18+ gaming, with licenses in the UK, Ireland, Malta, and Curacao.

Esports Entertainment Group, listed as GMBL and GMBLW, announced that CEO Grant Johnson will present at the virtual NobleCon17 investor conference on January 20, 2021, at 12:00 PM EST. The conference is free to attend, aiming to share insights on the company's recent acquisitions and partnerships with sports teams, which are expected to drive revenue growth in 2021. A video webcast of Johnson's presentation will be available on the company's website and Channelchek the following day. Esports Entertainment focuses on esports gambling and maintains licenses in the UK, Ireland, Malta, and Curacao.

Esports Entertainment Group (GMBL, GMBLW) announced an asset purchase agreement to acquire Lucky Dino Gaming for approximately $30 million. Lucky Dino, a Malta-licensed online casino operator, generated $21 million in revenue and $3.8 million in EBITDA for FY20, with forecasts of reaching $29 million in revenue and $6.5 million in EBITDA by FY22. The acquisition aims to enhance technological capabilities and cross-sell opportunities, leveraging Lucky Dino's 30,000 monthly active players as the company expands in Europe and Scandinavia.

Esports Entertainment Group (NasdaqCM: GMBL, GMBLW) has announced a multi-year partnership with the Philadelphia Eagles, becoming the first esports tournament provider for an NFL team. This collaboration will feature bi-annual Madden NFL tournaments on the Esports Gaming League (EGL) platform. As part of the agreement, the Eagles will also become shareholders in EEG. This partnership aims to enhance fan engagement and expand EEG's brand within a large audience. The CEO expressed excitement about the potential for significant growth and innovative projects under this agreement.

Esports Entertainment Group (NasdaqCM: GMBL, GMBLW) has finalized an agreement to acquire Esports Gaming League (EGL), a B2B provider of esports events, expecting closure by January 8, 2021. EGL has over 350K registered gamers, offering services such as live broadcasts and branded tournaments. CEO Grant Johnson emphasized the acquisition's importance for expanding EGL's North American presence. EGL's CEO, Glen Elliott, expressed excitement about joining forces, enhancing client services, and aligning with Esports Entertainment Group's vision for the industry.

Esports Entertainment Group (NasdaqCM: GMBL, GMBLW) announced its esports division, Esports Gaming League (EGL), will manage Arsenal’s Pro Evolution Soccer roster for the 2020-21 season. This marks the second consecutive year of collaboration. The Gunners narrowly missed knockout stage contention last season and will compete against top clubs like FC Bayern Munich and Barcelona. EGL scouted and signed new players for the roster, enhancing their presence in the esports and online gambling sectors.

Esports Entertainment Group (NasdaqCM: GMBL, GMBLW) is set to integrate Aim Lab, an AI-driven FPS performance training platform, to enhance player development from youth to professional levels. This partnership aims to provide access to Aim Lab through Helix eSports Lan centers and ggCircuit software. The collaboration includes training programs for professional teams like Oxygen Esports, along with analytics that allow players to benchmark skills. Aim Lab, created by neuroscientists at Statespace, offers adaptive training tailored to individual player needs.