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BIRKIRKARA, Malta, Jan. 23, 2019 (GLOBE NEWSWIRE) — Esports Entertainment Group, Inc. (GMBL:OTCQB) (or the “Company”), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to announce it has joined the Esports Integrity Coalition (ESIC), an independent global body that aims to protect the integrity of esports, including working with the world’s largest betting operators and esports organizations to safeguard players, combat cheating and educate audiences. This association is another milestone for VIE.gg, the world’s first and most transparent esports betting exchange.
A GLOBAL ESPORTS COALITION TO MONITOR, PROTECT AND ENFORCE
Established in 2016, the Esports Integrity Coalition is a not-for-profit association taking responsibility for disruption, protection, investigation and prosecution of all forms of cheating in esports including the threat of match fixing and betting fraud, as well as, other integrity challenges posed to the esports industry. Current partners include ESL, DreamHack, Intel, UK Gambling Commission, Esports Insider and many other important esports entities.
Since the coalition has formed it has led efforts to uphold standards of vital principles applied to esports such as leading a 2017 investigation that culminated in two Dota 2 players getting banned from UCC tournaments for two years for betting fraud. Most recently, Counter-Strike:Global Offensive player Nikhil ”forsaken” Kumawat received a five-year ban by ESIC from all esports related activities for or with any ESIC member organizations, after being proven guilty of using hacks on two CS:GO tournaments.
VIE.gg and its members will benefit from its membership in ESIC as follows:
a) The ESIC suspicious bet alert system is a global network of operators and regulators that identifies and eradicates corrupt betting;
b) Contributing to the anti-corruption education of players and helping make the esports ecosystem safer;
c) Tapping into the accumulated best practices developed by ESIC and its members;
d) Greater viability in the esports space by association with ESIC and its coalition of members.
Ian Smith, Commissioner of the Esports Integrity Coalition stated “We are impressed by the early commitment Grant Johnson and Esports Entertainment Group to have competitive integrity embedded in their product, contacting us at the earliest opportunity and keeping us updated throughout the development process. It’s always interesting when someone moves into the esports betting space with a new offering, especially one that allows players to pit themselves against other players. Naturally, competitive integrity is as important in that arena as it is in any other part of the esports ecosystem. Consequently, we are very pleased that VIE.gg has chosen to work with us to protect their product and esports from attempted corrupt influences. We are really looking forward to working with Grant and his team in the interface between esports and betting on esports.”
Grant Johnson, CEO of Esports at Esports Entertainment Group, stated, “Our ESIC membership is a symbol of our commitment to protecting our players and partners from cheating and fraud in esports. VIE.gg is the world’s most transparent esports bet exchange and we will continue to incorporate systems that protect our players. As a result of our participation in this great coalition, we are extending our transparency and protections to even greater levels.”
vie.gg offers bet exchange style wagering on esports events in a licensed, regulated and secured platform to the global esports audience, excluding jurisdictions that prohibit online gambling. vie.gg features wagering on the following esports games:
- Counter-Strike: Global Offensive (CSGO)
- League of Legends
- Dota 2
- Call of Duty
- StarCraft II
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
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About Esports Entertainment Group
Esports Entertainment Group, Inc. is a licensed online gambling company with a specific focus on esports wagering and 18+ gaming. Esports Entertainment offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience at vie.gg. 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 in Curacao, Kingdom of the Netherlands and the Kahnawake Gaming Commission in Canada. The Company maintains offices in Antigua, Curacao and Warsaw, Poland. 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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