Esports Entertainment Group Closes Over Subscribed Financing with Total Proceeds of $1.2 Million to Launch Esports Wagering Platform and Operations

ST. MARY’S, ANTIGUA–(Marketwired – May 18, 2017) – VGambling Inc./Esports Entertainment Group Inc. (OTCQB: GMBL) (or the “Company”), a licensed online gambling company with a specific focus on esports wagering, is pleased to announce the closing of its previously announced financing, for total proceeds of $1,200,000.

On February 6, 2017, the Company announced it had secured a financing commitment of $850,000 through Denver, Colorado based First Capital Ventures (“First Capital”). Upon closing, First Capital proceeds totalled $600,000, while high net worth accredited investors contributed the remaining proceeds.

This financing represents a seminal event in the future of both the Company and the esports industry. Proceeds of the financing will be used to launch our online Esports gambling platform in June which, upon launch, will be fully licensed and the highest regulated esports gambling site on the planet. Based on feedback received to date from industry professionals and Sport Betting Super Affiliates, the Company has good reason to believe its safe and secure esports gambling platform will provide a strong competitive advantage.

In addition to launch of our platform, proceeds from this financing will also be used to execute our business development strategy for the remainder of the year, including exhibiting at the world’s biggest esports conferences in the coming months.

Gary Graham, President & CEO of First Capital, stated, “Esports Entertainment Group is currently the only North American pure public vehicle for participating in the global esports phenomenon. We believe the company represents both an optimal esports entry point and a clear path to investor liquidity. We look forward to working with the Company on subsequent financings.”

Grant Johnson, CEO of Esports Entertainment Group, stated, “I want to first thank Gary and his team at First Capital, as well as, all the investors who participated in our financing. Along with the press release earlier today announcing our new name, this news serves as a strong indication to both the investment and esports communities that Esports Entertainment Group is on the verge of launching operations and becoming a meaningful long-term player within the fast growing esports industry.”


Our new corporate website (launching soon) can be found at

Our new Twitter account is @eSportsEntGroup and can be found


Our new Online Investor Relations Community on AGORACOM can be found at

About Esports Entertainment Group

Esports Entertainment Group Inc. is a licensed online gambling company specifically focused on esports wagering. Esports Entertainment intends to offer wagering on esports events in a fully licensed, regulated and secured platform to the global esports audience, excluding the United States. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player video games tournaments online for cash prizes. Esports Entertainment is led by a team of industry and technical experts from the online gambling and video game industries, esports, marketing, legal and financial professionals. The Company maintains offices in St. Mary’s, Antigua and Barbuda. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBL. For more information please visit

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VGambling Changes Name to Esports Entertainment Group in Anticipation of Platform and Operations Launch

ST. MARY’S, ANTIGUA–(Marketwired – May 18, 2017) – VGambling Inc. (OTCQB: GMBL) (or the “Company”), a licensed online gambling company with a specific focus on eSports wagering, is pleased to announce its recent name change to Esports Entertainment Group, Inc.

The Company elected to change its name for several reasons, first and foremost is the imminent launch of our eSports online wagering platform in June, which will be supported by both investor relations and media relations campaigns focused on the eSports industry. Our new company name will provide us far better name recognition amongst investors and within the industry, as well as, far greater search engine relevancy on both traditional and social media search engines.

Secondly, the imminent launch of our online wagering platform will also trigger the start of our corporate and business development programs, including eSports industry and trade conferences around the world, as well as, investor conferences in North America and Europe. Our new company name will provide us with greater brand recognition.

Finally, though the main focus of the Company will be its eSports online wagering platform, we intend to expand our scope of operations within the eSports entertainment and gaming industry over the next 12 months and beyond.

Grant Johnson, CEO of Esports Entertainment Group, stated, “We are pleased to announce our corporate name change because it sends a signal to the world that we are preparing to imminently launch both our eSports wagering platform and corporate development programs. This is an incredibly exciting time for our shareholders, pre-registered customers, partners and the entire eSports industry.”