Tag Archives: EEG

EEG promotes Villani to CFO for reogranisation 

SBC News EEG promotes Villani to CFO for reogranisation 

Esports Entertainment Group Inc (EEG) has confirmed the promotion of Michael Villani to Chief Financial Officer (CFO), effective from 29 August. Villani served as the interim CFO of EEG following the departure of Damian Mathews in January. Prior to this interim appointment, Villani had served as the financial controller for the Nasdaq-listed firm. EEG highlighted Villani’s credentials, noting his nine-year …

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Robert Soper to add ‘tremendous value’ to EEG during strategic turnaround

SBC News Robert Soper to add ‘tremendous value’ to EEG during strategic turnaround

Esports Entertainment Group (EEG) has announced the addition of Robert Soper to its Board of Directors. Labelled a ‘renowned resort and gaming industry executive’, Soper brings over two decades of experience in the resort and gaming industry, having overseen the development of numerous projects ‘from the ground-up’.  Alex Igelman, CEO of Esports Entertainment Group, stated: “I am honoured to welcome …

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EEG securities purchase adds $4m to balance sheet

EEG brings Drafted.gg into esports ecosystem via minority investment

Esports Entertainment Group (EEG) has entered into a securities purchase agreement with an institutional investor, aiming to secure a private placement of unsecured series D convertible preferred stock. The strategic transaction is expected to raise $4m in net proceeds for the company after estimated offering expenses. In addition to the initial capital, the agreement provides EEG with an opportunity to …

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EEG shuts down UK brands of SportNation & RedZone

SBC News EEG shuts down UK brands of SportNation & RedZone

Esports Entertainment Group (EEG) has terminated its UK sportsbook portfolio of SportNation and RedZone Sports. This evening, Argyll Entertainment AG, the operating firm of SportNation and RedZone notified customers via email that the brands were “closing in the UK market”. Customers were informed that websites would remain ‘active and operational’ until 30 November 2022. Beyond the notice period, customers will …

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EEG fights liquidity concerns following $38m esports impairment charge 

Grant Johnson, EEG

Esports Entertainment Group (EEG) has announced that it will revise its operating portfolio in order to improve its current liquidity position.  Publishing its Q3 2022 financial results, the Nasdaq-listed operator outlined that despite recording a two-fold increase in corporate revenues to $15.7m (Q3_2021: $5.3m), it faced a series of ‘near term challenges’ impacting its bottom-line performance. “Our fiscal third quarter …

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

SBC News 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 

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

SBC News 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

Finland

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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UEFA fines Zlatan €50K for Bethard connection 

SBC News UEFA fines Zlatan €50K for Bethard connection 

The Appeals Body of UEFA has issued its judgement on the investigation of Swedish footballer Zlatan Ibrahimović and his financial interest in the online sportsbook Bethard Group.  Pedro Tomas, Chairman of UEFA’s Appeals Body, confirmed this morning that Ibrahimović had been fined €50,000 for violating ‘Article 12’ of European football’s ‘Disciplinary Regulations’. The investigation was launched last month following reports by …

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