Esports Entertainment Group, Inc. Announces New Online Gaming Expansion with Delasport Integration for Sports Betting

St. Julians, Malta–(Newsfile Corp. – October 3, 2023) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (the “Company” or “EEG”) today announced its latest strategic expansion within the online gaming industry. The Company is integrating a sportsbook supplied by Delasport to its customers on Vie.bet.

EEG’s latest addition to its offerings reinforces its commitment to providing a dynamic and robust portfolio of online betting products. Even as the Company diversifies its product offerings, its foundation remains solidly in the realm of responsible gaming practices. With the addition of sports wagering through the Delasport platform, EEG is poised to re-introduce a significantly enhanced sportsbook offering.

Alex Igelman, Chief Executive Officer of Esports Entertainment Group, commented, “Partnering with Delasport represents an exciting opportunity for EEG to broaden its offerings to a whole new set of players within key markets where sports betting is already exceptionally popular. We look forward to seeing the anticipated positive impact and growth this integration brings to our company.”

“The partnership with Delasport also lays a secure foundation for EEG to soon launch esports betting. This would include providing betting markets or traditional esports tournaments, as well as introducing betting markets on short-cycle wagerable esports content, and all backed by the expertise of the industry’s leading esports odds provider.”

“Partnering with an industry giant like EEG is yet another milestone in Delasport’s growing track record of successes. We are proud to be able to provide our modern sportsbook solution, boosted with player personalization and engagement tools, to a company with such vast experience,” noted Delasport’s CEO, Oren Cohen Shwartz.

Esports Entertainment Group, Inc. remains at the forefront of online gaming innovations, dedicated to delivering an immersive experience to its user base. With its core values, EEG plans to set its focus deeply into responsible gaming while the brand continues to lead and evolve, catering to both existing customers and welcoming new audiences.

About Delasport

Delasport is a leading iGaming software supplier that delivers a modern one-stop-shop solution for sports betting, online casino, and player account management. Their platform focuses on player experience through personalization, unique exciting ways to bet, strong retention capabilities with rich player engagement suite and cutting-edge technological innovations.

Since its founding in 2010, Delasport has won multiple international awards for its sportsbook and managed services, and has gained a proven track record of excellence, stability, and overall success.

Currently, Delasport has hundreds of experts in various IT, Operations and business fields and several offices: in Bulgaria (Sofia and Plovdiv), Ukraine, and Malta.

About Esports Entertainment Group

Esports Entertainment Group is a global MGA-licensed, “esports-focused” iGaming B2C operator and a US-focused B2B provider of esports solutions. 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 short-form esports wagerable 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]

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]

Esports Entertainment Group Announces Registered Direct Offering and Settlement Agreement

St. Julians, Malta–(Newsfile Corp. – August 15, 2023) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or the “Company”) today announced that it has entered into a securities purchase agreement with an institutional investor (“Investor”) for the purchase and sale of 1,000,000 shares of the Company’s common stock and pre-funded warrants to purchase 4,167,959 shares of common stock in a registered direct offering at an effective purchase price of $0.1935 per share or per pre-funded warrant. The offering is scheduled to close by August 16, 2023, subject to customary closing conditions.

The Company also entered into a settlement agreement (“Settlement Agreement”) with the holder of its Series C Convertible Preferred Stock and Series D Convertible Preferred Stock (“Holder”) to issue common stock in partial settlement of Registration Rights Fees (“RRA Fees”) payable by the Company in connection with a delay in the filing of a registration statement for the purpose of registering the resale of the common stock issuable under the Holder’s Series D Convertible Preferred Stock and common warrants, despite the Company’s best efforts to avoid such delay. The Company agreed to initially issue 10,000 shares at $0.10 per share (“Initial Settlement Price Per Share”) in partial settlement of RRA Fees. The Company further agreed to settle an additional $1,000 (or such other amount as the parties shall mutually agree) on each seven (7) day anniversary of the initial settlement (or another date mutually agreed between the parties), to satisfy up to the remaining balance of the RRA Fees at a price per share equal to the lower of (1) 90% of the lowest volume weighted average price (“VWAP”) per share of the common stock during the ten (10) consecutive trading day period ending and including the trading day immediately preceding the additional share settlement, and (2) the Initial Settlement Price Per Share. As part of the settlement, the Holder also agreed to waive, in part, applicable antidilution provisions within the Series C Convertible Preferred Stock and Series D Convertible Preferred Stock that would allow for the Holder to adjust the conversion price of each preferred stock security based on share issuances under the Settlement Agreement. As a condition for the waiver, the Holder and the Company agreed to effectively establish a new conversion price at the higher of the current conversion price in effect (as may be adjusted) and 90% of the lowest VWAP of the common stock during the ten (10) consecutive trading day period including the applicable conversion date.

The Offering and Settlement Agreement demonstrate the Company’s continued efforts in raising capital and reducing fees, while also providing for a reduction in the amount of the Series C Convertible Preferred Stock and additional amounts otherwise payable to the Holder that can be triggered under the terms of the preferred stock. Alex Igelman, Chief Executive Officer, said, “We appreciate the ongoing support of this institutional investor, which provides us with additional working capital as we continue to execute on our turnaround and growth strategy to establish ourselves as a leader within the iGaming and esports markets. Since the beginning of the year, we have dramatically enhanced our balance sheet, and have built a highly capital efficient business model. Overall, I could not be more encouraged by the outlook for the business and we look forward to announcing several upcoming milestones that have the potential to be transformative for the Company.”

Total gross proceeds from the offering, before deducting the offering expenses are expected to be approximately $1,000,000. The pre-funded warrants are exercisable immediately upon issuance. The Company is completing the Offering without a placement agent and no placement agent fees will be payable.

The shares of common stock and pre-funded warrants sold by us in the Offering have been registered pursuant to a registration statement on Form S-3 (File No. 333-252370), which the Securities and Exchange Commission (the “Commission”) declared effective on February 5, 2021. A final prospectus supplement and accompanying base prospectus relating to the Offering will be filed with the Commission and available at www.sec.gov promptly. Additional information regarding the securities described above and the terms of the offerings will be included in a Current Report on Form 8-K to be filed with the Commission promptly.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

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 ability to complete the transactions contemplated by the Offering and Settlement Agreement on satisfactory terms or at all, and continued equity conversions under the Company’s preferred stock outstanding, including the conversion prices, timing and other terms of such conversions. 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]

The benefits of Performance Management  

Every role is imperative to driving our business and the people behind the roles are the most important part. 

Keeping on track with personal and team performance is one of the most important aspects of our working lives. Our day to day and overall performance throughout the year is the key to self-development, career progression and the overall performance of an organization. Organizational success can be enhanced by improving the performance of every individual within each team framework. 

At EEG we take a continuous, people-led approach to Performance Management and Performance Appraisals. We believe that annual performance reviews are not suited to the way we work, because objectives and goals change constantly throughout the year, therefore we cannot deliver effective performance management just once a year. Managers and employees need to have continuous, effective performance related conversations by being open, curious, building and maintaining trust and really leaning into each other in times of need. Building solid working relationships and continuously gathering 360 feedback is at the heart of EEG and what drives us to performing excellence. 

We expect our people to build strong professional relationships with their colleagues, to be in tune with how they are performing continuously, throughout the year. 

There is no ‘one style fits all’ as our teams vary in how we work and manage projects. However, we do expect our people to take performance management, appraisals, and goals seriously and to include this in their roles throughout their career at EEG. 

The benefits of imbedding performance management into day-to-day working life are almost endless. From building strong relationships with colleagues, to recognising our personal achievements, how we’ve overcome setbacks and how we have developed as individuals – every part of the feedback to ourselves, our managers, our peers and our senior leadership team is vital in the growth and success of the business. 

Esports Entertainment Group, Inc. Announces Preferred Stock Dividend

St. Julians, Malta–(Newsfile Corp. – July 5, 2023) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or “EEG”) announced today that its Board of Directors has declared a monthly cash dividend for its 10.0% Series A Cumulative Redeemable Convertible Preferred Stock for July 2023.

Dividend per share$0.08
Record dateJul. 15, 2023
Payment dateJul. 31, 2023

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 ability to effectuate debt for equity exchanges, the conversion prices, the timing and other terms of such exchanges. 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 regain 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:

[email protected]