Month: September 2023

The wind in our sails

By Leon Martynenko

In the age of AI technologies and easy access to knowledge, with market data more abundant than ever before, and competitors meticulously crafting strategies to assert market leadership, there exists an intangible yet formidable force that can make or break even the most brilliantly devised plans: Culture. As Peter Drucker famously put it, “Culture eats strategy for breakfast,” a sentiment that highlights the profound influence culture holds over the execution of strategic initiatives. At Esports Entertainment Group, we are fully cognizant of the relationship between culture and strategy, as well as why fostering a healthy organizational culture is imperative for our continued success in our native industries.

As we endeavour through corporate restructuring and pivot towards market segments that are better aligned with our core business strengths, we are also making an effort to improve how things are done here at EEG. For an organization with a globally-distributed team that has undergone numerous acquisitions, serving business clients and end-users across two distinct business verticals, and operating out of geographically-dispersed offices, redesigning a culture is not a trivial project.

As we embark on this journey to forge a more resilient and impactful culture, we recognize that it is a continuous and evolving process. While the business strategies we employ are a product of contemplative reflection on the successes and challenges we face in the markets we operate in, the evolution of our culture will be driven from within by the shared values of the EEG workforce. These values lie at the very core of our corporation and bind our diverse team into a united front advancing towards common objectives. 

Innovation

In fast-paced and technology-driven industries such as competitive gaming and online betting, the ability to adapt is paramount. At EEG we encourage a progressive culture based on experimentation, learning, and risk-taking, which we believe is the recipe for creating fertile ground for innovation.

Collaboration

Here, at EEG, collaboration is fostered through consistent communication, transparency, mutual respect, and a sense of shared purpose, from leadership to every team member. Our aim is to foster alignment and accountability, which are crucial for achieving our strategic objectives.

Integrity

Integrity is the cornerstone of our business practices. EEG’s deep roots that stem from the regulated iGaming business have enshrined integrity as the guiding principle that continues to shape every interaction, decision, and action within our company. 

In conclusion, while strategy charts the course of our journey, culture acts as the wind in the sails, propelling us forward. Our past and future successes do not merely hinge on the expertise, deep industry knowledge, and globe-spanning relationships of our senior leadership team, but are intertwined with the culture we foster in our team. We embrace the spirit of innovation, collaboration, and integrity that define our culture, and we look forward to the exciting future of the gaming and entertainment industries that we are setting out to transform.

Esports Entertainment Group’s Wholly Owned Subsidiary, ggCircuit, Forges Groundbreaking Partnership with Todd Harris’ Ghost Gaming to Pioneer Scholastic Esports Innovation Center

Dedicated to pioneering research and co-developing cutting-edge technology tailored to the evolving needs of school esports programs

Center will serve as a hub for competitive gaming communities, bringing together the brightest minds to develop bespoke software and hardware solutions that equip students and educators to thrive in the digital age

St. Julians, Malta –(Newsfile Corp. – September 12, 2023) –  Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (the “Company” or “EEG”) today announced that its wholly owned subsidiary, ggCircuit, entered into a groundbreaking partnership with Ghost Gaming and Skillshot Media to establish a first-of-its-kind Scholastic Esports Innovation Center within the Ghost Gaming HQ lab, dedicated to pioneering research and co-developing cutting-edge technology tailored to the evolving needs of school esports programs.

The Scholastic Esports Innovation Center aims to drive transformative change in the competitive gaming landscape by leveraging the synergies between ggCircuit’s technological expertise and Todd Harris’ deep-rooted commitment to fostering education and professional development through esports. The Center will serve as a hub for competitive gaming communities, bringing together the brightest minds from all stakeholders to develop bespoke software and hardware solutions that equip both students and educators to thrive in the digital age.

“Our selection of ggCircuit as our partner is rooted in their unrivaled excellence in the field. However, what truly sets them apart are their shared values and vision for scholastic esports and professional development. Together, we’re dedicated to harnessing the remarkable opportunity presented by competitive gaming to empower the next generation,” stated Todd Harris, Chief Executive Officer of Skillshot Media and Ghost Gaming.

Alex Igelman, Chief Executive Officer of Esports Entertainment Group, commented, “We are thrilled to partner with Todd and Ghost Gaming’s visionary crossroads of esports initiatives. At ggCircuit and EEG, we have always championed underdogs and success stories, and Todd’s inspiring vision for career exposure and creating a tangible pathway for young people to become industry professionals resonates deeply with the Company.”


“The growing adoption of esports within educational institutions is a testament to its exceptional capacity to captivate and ignite the passions of today’s youth. Esports provides a unique avenue for engagement, fostering a sense of camaraderie and teamwork among students while tapping into their natural affinity for digital technology. Beyond its competitive nature, esports opens doors to developing valuable life skills, promoting critical thinking, strategic planning, and effective communication. This surge in adoption underscores the power of esports to not only entertain but also educate and inspire the leaders of tomorrow,” further noted David Williams, Senior Vice President of ggCircuit and Esports for EEG.

About Ghost Gaming

Ghost Gaming is an Atlanta-based organization cultivating the best talent in gaming, providing platforms to create unique partnerships in esports, sports, music, lifestyle and entertainment. Ghost Gaming has a roster of professional esports players and creators across multiple video game titles. With millions of social media followers across all platforms, Ghost is committed to finding and developing exceptional talent that represents the diverse gaming landscape. Additional information is available at: http://www.ghostgaming.com/. 

About Skillshot Media

Skillshot is a one-stop shop for experiential live events, live stream production, and gaming solutions.  We provide a turnkey solution of venue, experience design, live-streaming infrastructure, event production and brand integration to deliver exceptional live, virtual or hybrid events that will engage your audience.  Our team and technology originated in the gaming industry, serving more than one billion engagements, and we now power events for the biggest names across corporate entertainment, esports, non-profit, and other industry segments. https://www.skillshot.com/. 

About ggCircuit

ggCircuit is a pioneer esports technology company committed to enhancing the esports experience for players, venues, and communities. With a proven track record of innovation and a dedication to providing cutting-edge solutions, ggCircuit empowers esports centers and schools worldwide. For more information, visit www.ggcircuit.com.

About Esports Entertainment Group

Esports Entertainment Group is a leading, global MGA-licensed, “esports-first” iGaming B2C operator and a US-focused B2B aggregator and supplier of esports solutions and e-simulator content. The Company owns and operates the world’s leading esport venue management system, currently deployed in over 800 global locations, including more than 100 colleges and universities. The Company’s strategy is to capitalize on the multi-billion-dollar market for esports and esports wagering by leveraging its leading position in the industry. The Company is also targeting the rapidly growing market for e-simulator content, which features competitive, short-cycle head-to-head leagues that are optimized for betting. In addition to its plans to distribute esports content, the Company currently provides B2C-focused wagering through its MGA-licensed suite of brands. For additional information about the Company, please visit www.esportsentertainmentgroup.com.

Forward-Looking Statements

The information contained herein includes forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “will be,” “will continue,” “will likely result,” and similar expressions. These statements relate to future events or to our strategies, targeted markets, and 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, including the Center serving as a hub for competitive gaming communities, bringing together the brightest minds from all stakeholders to develop bespoke software and hardware solutions that equip both students and educators to thrive in the digital age.. 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. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, and those discussed in other documents we file with the SEC, including our ability to maintain compliance with Nasdaq Listing Rules and stay listed on Nasdaq, our obligations under our preferred stock outstanding, and our ability to continue as a going concern. 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, unless required by law. The safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of such Act.

Contact:
Crescendo Communications, LLC
Tel: (212) 671-1021
Email: [email protected]

Esports Entertainment Group, Inc. Promotes Michael Villani to Chief Financial Officer

St. Julians, Malta–(Newsfile Corp. – August 30, 2023) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or the “Company”) today announced the promotion of Michael Villani to the position of Chief Financial Officer, effective August 29, 2023.

Mr. Villani joined the Company in February 2021, as its Financial Controller, and on January 6, 2023, was appointed the Company’s Interim Chief Financial Officer. In addition, Mr. Villani serves as the Company’s Principal Financial Officer. Prior to joining the Company, Mr. Villani worked as a Director in the Deal Advisory practice of KPMG supporting clients with technical accounting, buy-side and sell-side transactions, initial public offerings, and SEC reporting. Mr. Villani worked a total of 18 years at KPMG LLP, with 9 years in the Deal Advisory practice and 9 years in the audit practice. Mr. Villani was also previously employed as the Chief Financial Officer of a Geneva-based hedge fund and has held other senior accounting-level roles at public companies. Mr. Villani is a CPA and is a graduate of Pace University, magna cum laude.

Alex Igelman, Chief Executive Officer of Esports Entertainment Group commented, “We are pleased to formally appoint Michael as our Chief Financial Officer after serving as our Interim Chief Financial Officer since early January, as well as holding other key financial roles since becoming part of the Esports Entertainment team in 2021. We have witnessed Michael’s leadership and operational and financial skills first-hand as we have restructured the Company over the past several months, improving our balance sheet, divesting, or closing non-core business lines to streamline operations, and increasing operational efficiencies across the Company. Michael is a valued member of our leadership team, and we look forward to continuing to work with him as we execute on our long-term strategy with a focus on growing long-term shareholder value.”

About Esports Entertainment Group

Esports Entertainment Group is a leading, global MGA-licensed, “esports-first” iGaming B2C operator and a US-focused B2B aggregator and supplier of esports solutions and e-simulator content. The Company owns and operates the world’s leading esport venue management system, currently deployed in over 800 global locations, including more than 100 colleges and universities. The Company’s strategy is to capitalize on the multi-billion-dollar market for esports and esports wagering by leveraging its leading position in the industry. The Company is also targeting the rapidly growing market for e-simulator content, which features competitive, short-cycle head-to-head leagues that are optimized for betting. In addition to its plans to distribute esports content, the Company currently provides B2C-focused wagering through its MGA-licensed suite of brands. For additional information about the Company, please visit www.esportsentertainmentgroup.com.

Forward-Looking Statements

The information contained herein includes forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “will be,” “will continue,” “will likely result,” and similar expressions. These statements relate to future events or to our strategies, targeted markets, and 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. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, and those discussed in other documents we file with the SEC, including our ability to maintain compliance with Nasdaq Listing Rules and stay listed on Nasdaq, our obligations under our preferred stock outstanding, and our ability to continue as a going concern. 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, unless required by law. The safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of such Act.

Investor Relations Inquiries

[email protected]