Tag Archives: Esports Entertainment Group

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 …

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 …

Esports Entertainment Group (EEG) has agreed terms to sell its Bethard online casino and sportsbook business for €9.5m. When announcing the deal, EEG provided no information on the acquirer of Bethard, but did declare that it had reached definitive terms for the brand to be sold for €9.5m, comprising €1.65m of cash proceeds payable at closing.   The transaction’s remaining €6.5m …

Betby has signed its latest commercial agreement, partnering with Together Gaming to provide its sports betting solutions.  The supplier will provide its Betby Games range of titles – expanded this year to include baseball – to the Malta-based firm, covering 24/7 popular esports game releases along with ‘unique betting opportunities’ backed by AI.  As well as providing its sportsbook solution, …

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 …

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 …

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 …

Ilze Ramolina has joined Betby as a Senior Lawyer, as the company seeks to bolster its legal capacity to better navigate the compliance, certification and licensing landscape. The sportsbook supplier has underscored a goal of rapidly expanding its legal team in line with continued growth of its international commercial operations, as it looks to establish a foothold in new jurisdictions. …

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 …

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 …