ST. MARY’S, ANTIGUA, March 20, 2018 (GLOBE NEWSWIRE) — Esports Entertainment Group, Inc. (OTCQB:GMBL) (or the “Company”), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to announce the launch of VIE (https://vie.gg) the world’s safest, most secure and transparent esports wagering platform.
VIE offers bet exchange style wagering on esports events in a licensed, regulated and secured platform to the global esports audience, excluding jurisdictions such as the USA that prohibit online gambling. The bet exchange model provides for player versus player betting (PVP) with the house taking a small percentage of each wager, as opposed to a sports book model that pits the player versus the house. Our PVP model means a VIE player always wins and the Company removes all risk, creating a win-win for our players and the Company.
The launch of VIE follows months of extensive, final financial compliance with applicable regulators, financial institutions and payment processors, as well as, beta testing that provided the Company with valuable feedback from esports enthusiasts around the world. VIE features wagering on the following esports games:
- Counter-Strike: Global Offensive (CSGO)
- Dota 2
- Call of Duty
- StarCraft II
LAUNCH ROLL-OUT INCLUDES OVER 60 AFFILIATE STREAMERS AND WORLD LEADING SUPER AFFILIATE
A core element of the Company’s customer acquisition strategy is an affiliate program powered by Income Access, which won eGaming Review’s B2B Award for ‘Affiliate Software’ four years in a row. Income Access has been fully integrated into VIE to manage our affiliate program, which has received attention far beyond Company expectations to this point.
On September 6, 2017, the Company announced the signing of over 60 affiliate esports streamers at gamescom 2017, representing an audience of esports viewers which collectively generated over 250 million online video views in the preceding 30 days.
Some affiliates have already commenced the onboarding process, with the majority expected to be completed over the next 45 days. At that time, VIE will launch a contest for its affiliates that will feature significant prizes and rewards throughout 2018 to further incentivize registrations. Moreover, with VIE now officially launched, the Company expects strong continual registrations of new affiliates throughout 2018 and beyond.
Grant Johnson, CEO of Esports Entertainment Group stated “Today marks a major milestone for Esports Entertainment Group, our investors and the entire esports industry. With esports experiencing rapid global growth and set to hit mainstream sports in 2018 with the launch of initiatives such as NBA 2K later this year, esports fans have told us loud and clear that they want a licensed, secure and transparent wagering platform to augment their experience. We are thrilled to launch and deliver VIE to them at this great time for esports.”
During the rollout, the Company expects to announce significant new features, including the addition of multiple languages such as Spanish and Russian next month and further additional languages until all the major languages of global esports enthusiasts are serviced.
This press release is available on our Online Investor Relations Community for shareholders and potential shareholders to ask questions, receive answers and collaborate with management in a fully moderated forum at https://agoracom.com/ir/EsportsEntertainmentGroup
About Esports Entertainment Group
Esports Entertainment Group, Inc. is a next generation online gambling and 18+ gaming company. Initially, Esports Entertainment offers bet exchange style wagering on esports events in a licensed, regulated and secured platform to the global esports audience, excluding the US and EU. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds licenses to conduct online gambling and 18+ gaming on a global basis, excluding the US and EU, in Curacao, Kingdom of the Netherlands and the Kahnawake Gaming Commission in Canada. The Company maintains offices in Antigua and Curacao. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBL. For more information visit www.esportsentertainmentgroup.com
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
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